SAPPI LTD (SAP) 6-K

There have been no fees paid or accrued as payable to a third party in lieu of directors’ fees.
The remunerations receivable by any of the directors of Sappi will not be varied in consequence of the transaction.
6.3 Directors’ interests in Sappi
Refer to Section 14.5 of the Circular, to which these revised listing particulars are attached.
6.3.2 Subsequent to the Transaction
Refer to Section 14.5 of the Circular, to which these revised listing particulars are attached.
6.3.3 Changes in directors’ interests in Sappi Shares after year-end
Subsequent to year-end in November 2007, Mr E van As fulfilled his obligation in respect of 100,000 shares of the 200,000 vested obligations to purchase
listed above. Mr Boëttger received 35,000 restricted shares which vested on 31 December 2007. Also, refer to Section 14.2.2 of the Circular to which these
revised listing particulars are attached.
6.3.4 Directors’ interests in contracts
The directors have certified that they did not have any material interest in any transaction with either the company or any of its subsidiaries. Therefore there
has not been any conflict of interest with regard to directors’ interests in contracts. Meyer Feldberg, a non-executive director of the company, disclosed his
role as senior advisor at an affiliated company of the Financial Advisor and Transaction Sponsor.
6.3.5 There will not be any changes in the directors’ shareholdings in Sappi as a result of the proposed transactions, other than in terms of the proposed
Rights Offering.
6.3.6 For details of the individual share options held by Sappi directors, please refer to Section 14.2. of the Circular to which this revised listing
particulars are attached.
6.3.7 No director of Sappi has or has had a direct or indirect material beneficial interest in any transactions effected by Sappi during the current or
immediately preceding financial year, or in any earlier year which remains in any respect outstanding or unperformed.
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