SAPPI LTD (SAP) 6-K

15. MATERIAL VENDORS
There have not been any material acquisitions in the last three years.
There have not been any cash or securities paid, or benefit given to any promoter, not being a director of Sappi, over the last three years.
16. PRINCIPAL IMMOVABLE PROPERTIES OWNED AND LEASED BY SAPPI
Details of the principal immovable properties owned and leased by Sappi are set out in Annexure B to these revised listing particulars.
17. MATERIAL CHANGES RELATING TO SAPPI
There have not been any material changes in the financial position of Sappi and its Subsidiaries since the end of the last financial period, other than as set out
in the Circular.
18. GOVERNMENT PROTECTION AND ENCOURAGEMENT LAW
There is no government protection or investment encouragement laws affecting Sappi and its Subsidiaries nor has there been for the preceding financial year.
19. LITIGATION STATEMENT RELATING TO SAPPI
As at the date of this Circular, Sappi does not have, and has not in the previous 12 months had, any legal proceedings against it that would have a material
effect on the Sappi Group. Also, refer to Section 18 of the Circular, to which these revised listing particulars are attached.
20. CORPORATE GOVERNANCE OF SAPPI
Sappi is committed to the highest standards of corporate governance and continues to seek areas of improvement by measuring itself against international best
practice, primarily in South Africa and the United States. Sappi endorses the Code of Corporate Practices and Conduct as contained in the South African King
II Report issued in 2002, and continues to apply the principles incorporated therein. The group maintains its primary listing on the JSE as well as secondary
listings on the New York and London Stock Exchanges. The Sappi Group complies in all material respects with the regulations and codes of these exchanges
as they apply to Sappi.
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