Sappi Limited (JSE:SAP) News - Results of the 85th Annual General Meeting of Sappi 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") 10 February 2022 RESULTS OF THE EIGHTY-FIFTH (85th) ANNUAL GENERAL MEETING OF SAPPI Shareholders are advised that at the Annual General Meeting of shareholders of the Company held on Wednesday, 09 February 2022 at 14:00 all the resolutions tabled thereat were passed by the requisite majority of shareholders. Details of the results of voting at the Annual General Meeting are as follows : • total number of Sappi ordinary shares in issue as at the date of the Annual General Meeting: 566 980 237 • total number of Sappi shares that could have been voted at the Annual General Meeting (excluding the treasury shares): 561 816 675 • total number of Sappi shares that were present/represented at the Annual General Meeting : 519 996 141 being 92.56% of the total number of Sappi shares that could have been voted at the Annual General Meeting. Page 2 of 5 1. Ordinary resolution number 1.1 – Re-election of Ms SR Binnie as a director of Sappi For Against Abstain Shares voted 519,720,060 195,096 80,985 519,915,156 99.96% 0.04% 0.01% 92.54% 1 0.01% 92.54% 2 2. Ordinary resolution number 1.2 – Re-election of Mr JM Lopez as a director of Sappi For Against Abstain Shares voted 519,080,192 834,964 80,985 519,915,156 99.84% 0.16% 0.01% 92.54% 1 0.01% 92.54% 2 3. Ordinary resolution number 1.3 – Re-election of Mr BR Beamish as a director of Sappi For Against Abstain Shares voted 519,079,671 835,464 81,006 519,915,135 99.84% 0.16% 0.01% 92.54% 1 0.01% 92.54% 2 Page 3 of 5 4. Ordinary resolution number 2.1 – Election of Mr NP Mageza as member and Chairman of the Audit and Risk For Against Abstain Shares voted 382,882,825 125,179,270 11,934,046 508,062,095 75.36% 24.64% 2.12% 90.43% 1 2.12% 90.43% 2 5. Ordinary resolution number 2.2 – Election of Ms ZN Malinga as a member of the Audit and Risk Committee For Against Abstain Shares voted 519,836,027 77,981 82,133 519,914,008 99.99% 0.01% 0.01% 92.54% 1 0.01% 92.54% 2 6. Ordinary resolution number 2.3 – Election of Dr B Mehlomakulu as a member of the Audit and Risk Committee For Against Abstain Shares voted 429,824,968 90,090,170 81,003 519,915,138 82.67% 17.33% 0.01% 92.54% 1 0.01% 92.54% 2 7. Ordinary resolution number 2.4 – Election of Mr RJAM Renders as a member of the Audit and Risk Committee For Against Abstain Shares voted 513,720,709 6,193,447 81,985 519,914,156 98.81% 1.19% 0.01% 92.54% 1 0.01% 92.54% 2 Page 4 of 5 8. Ordinary resolution number 3 – Re-appointment of KPMG Inc. as auditors of Sappi for the year ending September 2021 and until the next Annual General Meeting of Sappi For Against Abstain Shares voted 519,850,603 62,371 83,167 519,912,974 99.99% 0.01% 0.01% 92.54% 1 0.01% 92.54% 2 9. Ordinary resolution number 4 – Non-binding endorsement of remuneration policy For Against Abstain Shares voted 433,389,534 85,695,971 910,636 519,085,505 83.49% 16.51% 0.16% 92.39% 1 0.16% 92.39% 2 10. Ordinary resolution number 5 – Non-binding endorsement of remuneration implementation report For Against Abstain Shares voted 438,129,729 80,955,708 910,704 519,085,437 84.40% 15.60% 0.16% 92.39% 1 0.16% 92.39% 2 11. Special resolution number 1 – Non-executive directors’ fees For Against Abstain Shares voted 422,971,814 96,111,455 912,872 519,083,269 81.48% 18.52% 0.16% 92.39% 1 0.16% 92.39% 2 Page 5 of 5 12. Special resolution number 2 – Authority for loans or other financial assistance to related or inter-related companies For Against Abstain Shares voted 515,539,505 3,543,251 913,385 519,082,756 99.32% 0.68% 0.16% 92.39% 1 0.16% 92.39% 2 13. Ordinary resolution number 6 – Authority for directors and Group Company Secretary to sign all documents and do all such things necessary to implement the above resolutions For Against Abstain Shares voted 519,845,871 26,419 123,851 519,872,290 99.99% 0.01% 0.02% 92.53% 1 0.02% 92.53% 2 1 Disclosed as a percentage of the voteable shares 2 Disclosed as a percentage of the total issued capital Sponsor : UBS South Africa (Pty) Ltd Date: 10-02-2022 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.