SAPPI LTD (SAP) 6-K

25. EXCHANGE CONTROL AUTHORITY
Subject to certain conditions, Sappi has obtained the approval from the Exchange Control Department of the South African Reserve Bank in order to
implement the Transaction and the financing thereof. The conditions are being addressed with the Exchange Control Department of the South African
Reserve Bank.
26. COSTS
It is estimated that Sappi’s preliminary and share issue expenses relating to the proposed Transactions amount to approximately US$ 53.5 million. These
expenses (excluding VAT) have been estimated at the Last Practicable Date as detailed below:
Nature of expense Paid/Payable to USD million
Legal and other advisory fees Bowman Gilfillan 0.3
Cravath, Swaine & Moore LLP 1.0
Linklaters 3.0
Financial advisory fees Morgan Stanley 7.0
Due diligence fees Deloitte 2.4
Various Legal Firms 0.8
Synergy consultants AT Kearney 0.3
Underwriting fees International banks expected to 27.1
act as underwriters
Reporting accountants’ and auditors’ fees PricewaterhouseCoopers 1.5
Deloitte 0.7
Environmental consultant Environ 0.1
Creation duty on new share capital CIPRO 0.6
German and Finnish transfer duties German and Finnish Revenue Authorities 7.5
Foreign securities exchange costs Federal Trade Commission 0.3
Communications Brunswick 0.8
JSE documentation inspection fees and
listing fees (R34,713) JSE -
Printing and distribution fees INCE 0.1
53.5
57