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Sappi Limited results for the fourth quarter and year ended September 2012. Strategic initiatives yield solid results; good progress on debt reduction

PE Paper Escrow GmbH (“PE Paper”, “we, “us”, or the “Company”), a wholly-owned subsidiary of Sappi Limited, announces that it has received, on or prior to 5:00 p.m., New York City time, on November 21, 2012 (the “Consent Payment Deadline”), tenders and consents from holders (“Holders”) of approximately 75.72% ...

PE Paper Escrow GmbH, a wholly-owned subsidiary of Sappi Limited, announces that it has accepted for purchase €23,476,018.80 in aggregate principal amount of its outstanding euro-denominated 11.75% Senior Secured Notes due 2014 (the “Notes”), validly tendered and not validly withdrawn on or prior to 5:00 p.m., New York City time...

Sappi shareholders are informed that Sappi has, through its wholly-owned subsidiaries Sappi Southern Africa Limited and Brocas Limited (“the Sellers”) entered into an agreement with Montigny Investments Limited ("Montigny") in terms of which, subject to the fulfilment of certain conditions precedent, Montigny will acquire all the shares in, and the shareholder loan claim against, Usutu Forest Products Company Limited ("Usutu"), from the Sellers (“Transaction”).

Shareholders are advised that the integrated report for the year ended September 2012 will be despatched to shareholders commencing on 19 December 2012. The integrated report will also be available online on 10 December 2012 on the Sappi website (www.sappi.com ).

The third financial quarter is seasonally our weakest, due to typically lower demand in Europe and North America and the scheduling of planned annual maintenance shuts at most of our major pulp mills.

2013 was an important transitional year for Sappi with the commissioning of major capital projects and further repositioning of the business. Our strategy to reposition Sappi for growth, higher margins and improved profitability is on track.

Die Hunkeler Innovation Days in Luzern sehen wieder aufregenden Zeiten entgegen. Der Medienmix ändert sich drastisch und gleichzeitig kommen neue Technologien auf, die der Druckindustrie großartige Möglichkeiten eröffnen.

Sappi Fine Paper Europe has announced that it has joined forces with HP to develop coated papers for the high-speed inkjet market. As a result of this cooperation, the two companies are presenting JazTM silk at the Hunkeler Innovationdays in Lucerne, Switzerland between 14th and 17th February.

The group returned to positive earnings in the quarter with an EBITDA excluding special items of US$147 million, an operating profit excluding special items of US$60 million and a profit for the period of US$18 million.