Enhanced Investments - Financial Portal

No change statement, notice of AGM, availability of Annual Report, BEE compliance report and changes to the board

Published: 2023-12-14 15:00:38 ET

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

No change statement, notice of Annual General Meeting, availability of Annual Report, BEE compliance report
and changes to the board

No change statement*
With regard to the results for the year ended 30 September 2023, shareholders are advised that the audited annual
financial statements contain no modifications to the reviewed condensed financial statements which were made
available via the JSE cloudlink and the Company’s weblink on 09 November 2023. Further, there have been no changes
to the unqualified auditor’s report which accompanied the reviewed condensed financial statements.

Availability of annual report
Whilst the annual financial statements are now available via the JSE cloudlink, the annual report is only available via
the Company’s weblink. Refer to the table below for the applicable links.

Any investment decisions should be based on the results as the information in this announcement does not provide all
of the details.

Notice of the annual general meeting
Notice is hereby given that the eighty-seventh (87th) annual general meeting of Sappi shareholders will be held at
Sappi’s registered office, in the Oxford Room, Ground Floor, 108 Oxford Road (entrance on Ninth Street), Houghton
Estate, Johannesburg, 2198, Republic of South Africa, and through electronic communication, on Wednesday, 07
February 2024, at 14:00 (South African Standard Time) to transact the business as stated in the annual general meeting
notice forming part of the annual report. The notice of the annual general meeting was distributed to shareholders today,
14 December 2023.
                                                                                                                     Page 2 of 3

The salient details of the annual general meeting are as follows:

 Issuer name                                       Sappi Limited
 Type of instrument                                Ordinary shares
 ISIN                                              ZAE000006284
 JSE code                                          SAP
 Meeting type                                      Annual General Meeting
 Meeting venue                                     Oxford Room, Ground Floor, 108 Oxford Road (entrance on Ninth Street)
                                                   Houghton Estate, Johannesburg, 2198 Republic of South Africa and through
                                                   electronic communication
 Record date – to determine which                  Friday, 08 December 2023
 shareholders are entitled to receive the notice
 of Annual General Meeting
 Publication/posting date                          Thursday, 14 December 2023
 Last day to trade – Last day to trade to          Tuesday, 30 January 2024
 determine eligible shareholders that may
 attend, speak and vote at the annual general
 meeting
 Record date – Record date to determine            Friday, 02 February 2024
 eligible shareholders that may attend, speak
 and vote at the annual general meeting
 Annual general meeting deadline date (for         Monday, 05 February 2024 at 14:00 (South African Standard Time)
 administrative purposes, forms of proxy for the
 Annual General Meeting to be lodged)*
 Date and time of annual general meeting           Wednesday, 07 February 2024 at 14:00 (South African Standard Time)
 Publication of results, on or about               Wednesday, 07 February 2024
 Company’s weblink to the notice of annual         www.sappi.com/2023-notice-to-shareholders
 general meeting
 Company’s weblink to the annual general           www.smartagm.co.za
 meeting
 Company’s weblink to the annual report and        www.sappi.com/annual-reports
 annual financial statements
 JSE cloudlink to the annual financial             https://senspdf.jse.co.za/documents/2023/JSE/ISSE/SAVVI/sappiAFS23.pdf
 statements


*any proxies not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior
to such proxy exercising his/her right to vote at the annual general meeting.

Availability of BEE compliance report
Shareholders are advised that the annual compliance report in terms of Section 13G(2) of the Broad-Based Black
Economic Empowerment Amendment Act No.46 of 2013, is available on Sappi’s website (www.sappi.com/bbbee-in-
south-africa).

Changes to the board
In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors of Sappi
would like to advise shareholders that Mr Valli Moosa, Lead Independent Director and Chairman of the Social, Ethics,
Transformation and Sustainability Committee has indicated that he will be retiring with effect from the annual general
meeting in February 2025. A further announcement in this regard will be made closer to the time.
                                                            Page 3 of 3
14 December 2023

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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.