North America

Sappi Limited announced today the closing of the offering of €350 million 4% senior secured notes due 2023 by its subsidiary Sappi Papier Holding GmbH (“SPH”). The net proceeds from this offering will be used to redeem all of SPH’s outstanding US$350 million senior secured notes due 2021 (the “2021 Notes”).

Our strategy to reposition Sappi as a profitable and cash-generative diversified woodfibre group remains well on track. The strong quarterly growth in our EBITDA excluding special items continues with an increase of 15% over the prior year to US$195 million.

Sappi Southern Africa has today announced it will shut down its Adamas paper mill in Port Elizabeth, South Africa. The permanent closure of the mill is expected to be finalised at the end of August.

Sappi Southern Africa today embarked on an official Section 189 engagement process with staff at its Tugela Mill in Mandeni on the KwaZulu-Natal North Coast regarding its decision to mothball the PM4 paper machine from 01 January 2013

Sappi Limited is pleased to announce that Glen Pearce, currently the Chief Financial Officer of Sappi Europe SA, will be appointed as Chief Financial Officer (CFO) and join the Sappi Limited Board as an Executive Director on 01 July 2014

Sappi Southern Africa CEO Alex Thiel welcomed the announcement made on Friday 10 April 2015 that Ngodwana Energy has been chosen as a preferred bidder in the Department of Energy’s 4th window Renewable Independent Power Producers Procurement Programme (REIPPPP).

Sappi wishes to confirm that it has reached an agreement to sell its Enstra Mill recycled containerboard and kraft papers business situated in Springs near Johannesburg to Corruseal Group.

Borregaard and Sappi will increase the lignin production capacity by 20,000 tonnes at LignoTech South Africa.

Following on Sappi’s recent announcement of the sale of its Enstra Mill and recycled packaging business, Sappi wishes to announce the sale of its Cape Kraft recycled packaging paper Mill to the Golden Era Group.