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 the eighty seventh annual general meeting (“AGM”) of the shareholders of Sappi held on Wednesday, 7 February 2024 all the ordinary and special resolutions
proposed at the meeting were approved by the requisite majority of votes. In this regard, the Company confirms the voting statistics from the AGM as follows:


                                                                  Votes cast disclosed as a
                                                                 percentage in relation to the
                                                                total number of shares voted                       Shares voted            Shares abstained
Resolutions^                                                                                                       disclosed as a          disclosed as a
                                                                         at the AGM
                                                                                                                   percentage in           percentage in
                                                                                                  Number of        relation to the total   relation to the total
                                                               For               Against          shares voted     issued shares*          issued shares*
Ordinary resolution number 1 – Re-election of Ms ZN Malinga    99.99             0.01             504,151,979      89.59                   0.00
as a director of Sappi
Ordinary resolution number 2 – Re-election of Mr V Moosa as    75.89             24.11            504,151,979      89.59                   0.00
a director of Sappi
Ordinary resolution number 3 – Re-election of Mr RJM           98.78             1.22             504,151,979      89.59                   0.00
Renders as a director of Sappi
Ordinary resolution number 4 – Election of Ms ZN Malinga as    99.99             0.01             504,151,979      89.59                   0.00
a member and chairperson of the Audit and Risk Committee
Ordinary resolution number 5 – Election of Dr B Mehlomakulu    80.31             19.69            504,151,979      89.59                   0.00
as a member of the Audit and Risk Committee
Ordinary resolution number 6 – Election of Mr RJM Renders      99.30             0.70             504,151,979      89.59                   0.00
as a member of the Audit and Risk Committee
Ordinary resolution number 7 – Election of Mr LL von Zeuner    99.99             0.01             504,151,979      89.59                   0.00
as a member of the Audit and Risk Committee
                                                                                                                                                    Sappi Limited

                                                                                                                                                    Announcement
Ordinary resolution number 8 – Election of Ms E Istavridis as a   99.99           0.01             504,151,979       89.59                   0.00
member of the Audit and Risk Committee
Ordinary resolution number 9 – Re-appointment of KPMG Inc         99.88           0.12             504,148,843       89.58                   0.00
as auditors of Sappi for the financial year ending September
2024 and until the conclusion of the next annual general
meeting of Sappi
Ordinary resolution number 10 - Non-binding endorsement of        87.78           12.22            504,148,843       89.58                   0.00
remuneration policy
Ordinary resolution number 11 - Non-binding endorsement of        93.58           6.42             503,676,093       89.50                   0.09
remuneration implementation report
Special resolution number 1 - Non-executive directors’ fees       98.04           1.96             504,148,843       89.58                   0.00
Special resolution number 2 – Loans or other financial            99.99           0.01             504,148,843       89.58                   0.00
assistance to related or inter-related companies
Special resolution number 3 - General authority to repurchase     77.45           22.55            504,113,884       89.58                   0.01
shares
Ordinary resolution number 12 - Authority for directors and       100.00          0.00             504,148,843       89.58                   0.00
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

*Total issued shares: 562,762,380.

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

8 February 2024

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