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Our performance in 2009 - Sappi

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64<br />

Share statistics<br />

at September <strong>2009</strong><br />

Sharehold<strong>in</strong>g Number of Number % of shares<br />

– ord<strong>in</strong>ary shares <strong>in</strong> issue shareholders % of shares* <strong>in</strong> issue<br />

1 – 5,000 5,455 82.8 4,107,630 0.8<br />

5,001 – 10,000 236 3.6 1,709,659 0.3<br />

10,001 – 50,000 334 5.1 7,778,376 1.5<br />

50,001 – 100,000 140 2.1 10,135,496 2.0<br />

100,001 – 1,000,000 339 5.1 116,634,218 22.6<br />

Over 1,000,000 86 1.3 375,367,926 72.8<br />

6,590 100.0 515,733,305 100.0<br />

Shareholder spread % of shares<br />

– type of shareholder <strong>in</strong> issue<br />

Non-public 0.02<br />

Group directors 0.02<br />

Associates of group directors –<br />

Trustees of the company’s share and retirement fund<strong>in</strong>g schemes –<br />

Shareowners who, by virtue of any agreement, have the right to nom<strong>in</strong>ate board members –<br />

Shareowners <strong>in</strong>terested <strong>in</strong> 10% or more of the issued shares –<br />

Public (the number of public shareholders as at September <strong>2009</strong> was 6,587) 99.98<br />

* The number of shares excludes 21,384,559 treasury shares held by the group.<br />

<strong>Sappi</strong> has a primary list<strong>in</strong>g on the JSE Limited and a secondary list<strong>in</strong>g on the New York Stock Exchange.<br />

100.00<br />

A large number of shares are held by nom<strong>in</strong>ee companies for beneficial shareholders. Pursuant to Section 140A of the South African<br />

Companies Act, 1973, as amended, the directors have <strong>in</strong>vestigated the beneficial ownership of shares <strong>in</strong> <strong>Sappi</strong> Limited, <strong>in</strong>clud<strong>in</strong>g<br />

those which are registered <strong>in</strong> the nom<strong>in</strong>ee hold<strong>in</strong>gs and these <strong>in</strong>vestigations revealed as of September <strong>2009</strong>, the follow<strong>in</strong>g beneficial<br />

holders of more than 5% of the issued share capital of <strong>Sappi</strong> Limited:<br />

Shares %<br />

Public Investment Commissioner (SA) 43,340,842 8.4<br />

Old Mutual Life Assurance Company Limited (ZA) 25,987,096 5.0<br />

Further, as a result of these <strong>in</strong>vestigations, the directors have ascerta<strong>in</strong>ed that some of the shares registered <strong>in</strong> the names of the<br />

nom<strong>in</strong>ee holders are managed by various fund managers and that, as of September <strong>2009</strong>, the follow<strong>in</strong>g fund managers were<br />

responsible for manag<strong>in</strong>g 5% or more of the share capital of <strong>Sappi</strong> Limited:<br />

Shares %<br />

Allan Gray Limited 153,036,665 29.7<br />

Old Mutual Investment Group South Africa 66,834,079 13.0<br />

Rand Merchant Bank 42,578,535 8.3

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