SAPPI LIMITED

of gain recognized on a sale or other taxable disposition of our ordinary shares or ADSs, as applicable,
unless:
your gain is effectively connected with a trade or business that you conduct in the United States
(and, if an applicable income tax treaty so requires as a condition for you to be subject to United
States Federal income tax on a net income basis in respect of gain from the sale or other
disposition of our ordinary shares or ADSs, as applicable, such gain is attributable to a permanent
establishment maintained by you in the United States); or
you are an individual and are present in the United States for at least 183 days in the taxable year
of the sale or other disposition, and either:
your gain is attributable to an office or other fixed place of business that you maintain in the
United States; or
you have a tax home in the United States.
If you fail the above test, you generally will be subject to tax in respect of such gain in the same
manner as a United States holder, as described above except as altered by applicable income tax treaty.
Effectively connected gains realized by a non-United States corporation may also, under certain
circumstances, be subject to an additional ‘‘branch profits tax’’ at a rate of 30% or such lower rate as may
be specified by an applicable income tax treaty.
Backup Withholding and Information Reporting
Payments and sale proceeds in respect of our ordinary shares or ADSs, as applicable, which are
made in the United States or by a United States related financial intermediary may be subject to United
States information reporting rules. You will not be subject to ‘‘backup’’ withholding of United States
Federal income tax provided that:
you are an exempt recipient; or
you provide a taxpayer identification number (which, in the case of an individual, is his or her
social security number) and meet other information reporting and certification requirements.
If you are a non-United States holder, you generally are not subject to information reporting and
backup withholding, but you may be required to provide a certification of your non-United States status
in order to establish that you are exempt. You may be subject to information reporting and backup
withholding if you sell your ordinary shares or ADSs through a United States broker and you are not
eligible for an exemption. You may be subject to information reporting, but not backup withholding if you
sell your shares or ADSs through a broker with certain connections with the United States and you are
not eligible for an exemption.
Amounts withheld under the backup withholding rules may be credited against your United States
Federal income tax liability, and you may obtain a refund of any excess amounts withheld under the
backup withholding rules by filing the appropriate claim for refund with the Internal Revenue Service.
Documents on Display
Sappi Limited files periodic reports and other information with the SEC. You may read and copy any
document that Sappi Limited files with the SEC on the SEC’s website, www.sec.gov, or at the SEC’s
public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at
1-800-731-0330 (in the United States) or at +1 202 942 8088 (outside the United States) for further
information on the operation of its public reference room.
The documents concerning Sappi Limited referred to in this Annual Report may also be inspected at
the registered office of Sappi Limited at 48 Ameshoff Street, Braamfontein, Johannesburg, Republic of
South Africa.
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