SAZ Sappi

    RNS Number : 1905I
  Sappi Ld
  14 November 2008
   

    (Registration number 1936/008963/06)
    (Incorporated in the Republic of South Africa)
    Share code: SAP        ISIN: ZAE000006284)
    ("Sappi" or the "Company")

    Dividend exchange rate

    With reference to the dividend announcement of 6 November 2008, we set out below the exchange rates to be applied for payment of the
dividend :
    US$1 - R10.19213  (i.e dividend of R1.6307 per share) 
�1 - US$1.48935     (ie dividend of �0.1074 per share). 
    The relevant dates pertaining to the dividend are as follows : 
    Last day to trade to qualify for dividend - Friday, 21 November 2008. 

    Record date - Friday, 28 November 2008. 
    Payment date - Tuesday, 2 December 2008. 
    There will not be any de-materialisation nor re-materialisation of Sappi share certificates from Friday, 21 November 2008 to Friday, 28
November 2008, both days inclusive.

    Date on which shares commence trading ex-dividend - Monday, 24 November 2008. 

    Deadline for South African nominee companies to submit details of the number of shares held on behalf of South African resident and
non-resident beneficial shareholders so that dividend payments in South African Rands and United States Dollars respectively may be
calculated - 16h00 (South African time), Thursday 27 November 2008.  Dividends payable from the Johannesburg transfer office will be paid in
South African Rands except that dividends paid to nominee shareholders in respect of shares which they hold on behalf of non-residents of
the Republic of South Africa will be paid in United States Dollars.  (Note that there is no currency election).  

    Dividends payable from the London transfer office will be paid in British pounds sterling or in the case of shareholders with registered
addresses in the USA, in United States Dollars.  

    Johannesburg
    14 November 2008
    Sappi Management Services (Pty) Limited 
Secretaries : per D J O'Connor 
48 Ameshoff Street 
Braamfontein, Johannesburg, 2001 




This information is provided by RNS
The company news service from the London Stock Exchange
 
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