Sappi Limited

                                                                                                                                                   Announcement

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


REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING


At eighty sixth annual general meeting (“AGM”) of the shareholders of Sappi held on Wednesday, 08 February 2023 all the ordinary and special resolutions proposed at
the meeting were approved by the requisite majority of votes. In this regard, Sappi confirms the voting statistics from the AGM as follows:


Resolutions                                                     Votes cast disclosed as a         Number of           Shares voted        Shares abstained
                                                                percentage in relation to the     shares voted        disclosed as a      disclosed as a
                                                                total number of shares voted                          percentage in       percentage in
                                                                at the meeting                                        relation to the     relation to the total
                                                                                                                      total issued        issued shares*
                                                                                                                      shares*
                                                                For             Against

Ordinary resolution number 1 – Re-election of Mr MA Fallon as   77.94           22.06             511,768,508         89.47               0.01
a director of Sappi
Ordinary resolution number 2 – Re-election of Mr NP Mageza      76.96           23.04             511,772,008         89.47               0.01
as a director of Sappi
Ordinary resolution number 3 – Re-election of Dr B              85.02           14.98             511,772,008         89.47               0.01
Mehlomakulu as a director of Sappi
Ordinary resolution number 4 – Re-election of Mr GT Pearce      99.49           0.51              511,768,508         89.47               0.01
as a director of Sappi
Ordinary resolution number 5 – Election of Mr LL von Zeuner     99.37           0.63              511,768,508         89.47               0.01
as a director of Sappi
Ordinary resolution number 6 – Election of Ms E Istavridis as   99.84           0.16              511,768,508         89.47               0.01
a director of Sappi
                                                                                                               Sappi Limited

                                                                                                               Announcement
Ordinary resolution number 7 – Election of Mr NL Sowazi as a      98.96   1.04    511,771,908   89.47   0.01
director of Sappi
Ordinary resolution number 8 – Election of Mr NP Mageza as        76.85   23.15   511,768,508   89.47   0.01
a member and chairperson of the Audit and Risk Committee
Ordinary resolution number 9 – Election of Ms ZN Malinga as       98.06   1.94    511,772,008   89.47   0.01
a member of the Audit and Risk Committee
Ordinary resolution number 10 – Election of Dr B Mehlomakulu      81.88   18.12   511,772,008   89.47   0.01
as a member of the Audit and Risk Committee
Ordinary resolution number 11 – Election of Mr RJAM               98.68   1.32    511,768,508   89.47   0.01
Renders as a member of the Audit and Risk Committee
Ordinary resolution number 12 – Election of Mr LL von Zeuner      97.69   2.31    511,713,004   89.46   0.02
as a member of the Audit and Risk Committee
Ordinary resolution number 13 – Election of Ms E Istavridis as    98.93   1.07    511,768,508   89.47   0.01
a member of the Audit and Risk Committee
Ordinary resolution number 14 – Election of Mr NL Sowazi as       95.28   4.72    511,772,008   89.47   0.01
a member of the Audit and Risk Committee
Ordinary resolution number 15 – Re-appointment of KPMG Inc        99.92   0.08    511,769,533   89.47   0.01
as auditors of Sappi for the financial year ending 30
September 2023 and until the conclusion of the next annual
general meeting of Sappi
Ordinary resolution number 16 - Non-binding endorsement of        95.16   4.84    510,304,393   89.22   0.27
remuneration policy
Ordinary resolution number 17 - Non-binding endorsement of        85.03   14.97   510,781,376   89.30   0.19
remuneration implementation report
Special resolution number 1 - General authority to repurchase     78.09   21.91   511,746,500   89.47   0.02
shares
Special resolution number 2 - Non-executive directors’ fees       98.57   1.43    511,714,279   89.46   0.02

Special resolution number 3 – Loans or other financial            82.05   17.95   510,303,446   89.22   0.27
assistance to related or inter-related companies or
corporations and to any person related to the company or any
such company or corporation
Ordinary resolution number 18 - Authority for directors and       99.72   0.28    511,768,508   89.47   0.01
Group Company Secretary to sign all documents and do all
such things necessary or reasonably desirable for or incidental
to the implementation of the above resolutions
                                                                                                                                                    Sappi Limited

                                                                                                                                                    Announcement
*Total issued shares is 571 987 233


The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.


09 February 2023

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)