Our performance in 2009 - Sappi

• the impact of future investments, acquisitions and dispositions (including the financing
of investments and acquisitions) and any delays, unexpected costs or other problems
experienced in connection with dispositions; and
• the risk that the acquisition of the coated paper business and certain related uncoated
paper business activities of M-real Corporation (the “Acquisition”) will not be integrated
successfully or such integration may be more difficult, time-consuming or costly than
expected; that expected revenue synergies and cost savings from the Acquisition may not
be fully realized or realized within the expected time frame; that revenues following the
Acquisition may be lower than expected; or that any anticipated benefits from the
consolidation of the business may not be achieved.
We urge you to read the information contained in the sections entitled “Risk factors”,
‘‘Our Business’’ and ‘‘Management’s Discussion and Analysis of Financial Condition
and Results of Operations’’ included in the Form 6-K filed by Sappi Limited with the
U.S. Securities and Exchange Commission on July 23, 2009 and note 30 to the group
annual financial statements of Sappi Limited included in the Form 20-F filed by Sappi
Limited with the U.S. Securities and Exchange Commission on January 26, 2009. You
are cautioned not to place undue reliance on these forward-looking statements. These
forward-looking statements are made as of the date of this report and are not intended to
give any assurance as to future results. We undertake no obligation to publicly update or
revise any of these forward-looking statements, whether to reflect new information or
future events or circumstances or otherwise.