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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
In compliance with Section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended
(“Companies Act”) and regulation 121(2)(b) of the Companies Regulations, 2011 and 3.83(b) of
the JSE Limited Listings Requirements, shareholders are advised that Sappi has received formal
notification on 15 November 2023 that Public Investment Corporation SOC Ltd (‘PIC’), has
decreased its interest in the ordinary shares of the Company such that the total beneficial interest
in the ordinary shares of the Company held by PIC amounts to 18.543% of the total issued
ordinary share capital 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
17 November 2023
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
