Sappi Limited Sappi Limited (Incorporated in the Republic of South Africa) Registration number: 1936/008963/06 JSE share code: SAP ISIN code: ZAE000006284 ("Sappi" or the "Company") DISCLOSURE OF SIGNIFICANT HOLDING OF SAPPI ORDINARY SHARES - ACQUISITION OF SECURITIES BY CLIENTS OF ALLAN GRAY PROPRIETARY LIMITED ("Allan Gray") In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 and section 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Sappi Limited has received formal notification that clients of Allan Gray have, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares of the Company held by Allan Gray's clients now amounts to 20.0118% of the total issued ordinary shares of the Company. As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notice with the Takeover Regulation Panel. The board of directors of Sappi accepts responsibility for the information contained in this announcement as it relates to the Company and confirms that, to the best of its knowledge and belief, such information relating to Sappi is true and that this announcement does not omit anything likely to affect the importance of such information. Johannesburg 06 March 2023 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)