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Sappi provides updated outlook for fourth financial quarter ended 30 September 2022

Published: 2022-10-10 08:06:04 ET

                                                                         Sappi Limited




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


Sappi provides updated outlook for fourth financial quarter ended 30 September 2022

Sappi issued on 4 August 2022 via the Stock Exchange News Service of the JSE an
announcement entitled “Third quarter results for the period ended June 2022”. Such
announcement included an outlook statement for Sappi’s fourth financial quarter ended 30
September 2022. The guidance indicated: “Notwithstanding inflationary cost pressures, we are
anticipating another strong performance in the fourth quarter, with EBITDA below the record
levels achieved in the third quarter”.

The Company wishes to advise that during the fourth quarter market conditions were stronger
than expected while European energy prices, principally gas, were lower than anticipated.
Consequently, we are now anticipating that the EBITDA excluding special items for the fourth
quarter ended 30 September 2022 will be above the levels achieved in the third quarter ended
June 2022.

As per the published schedule, full financial statements for the fourth quarter and financial year
ended 30 September 2022 will be issued on 10 November 2022.

The information contained in this trading update has not been reviewed or audited by the
Company’s external auditors.




10 October 2022



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

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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.