Southern Africa

Sappi continued its improving trend in operating performance for 2011. Sales for the year increased 11%, almost entirely as a result of higher prices in US Dollar terms. Operating profit excluding special items was US$404 million for the year, up 19% compared to 2010.
2013 is an important transitional year as specialised cellulose capacity is expanded.  The group performance for the quarter was impacted by generally lower selling prices for pulp and paper.
Results for the third quarter ended June 2012 in line with expectations despite tough market conditions. Sappi remains focused on debt reduction, chemical cellulose expansion.
The Specialised Cellulose and North American businesses continue to perform well and the investments in the conversions at the Ngodwana and Cloquet Mills have progressed according to plan.
Sappi Limited concluded an agreement to sell its entire 34% shareholding in the Jiangxi Chenming Paper Company Limited (JXCM), situated in Nanchang City, Jiangxi Province, China, for US$ 41,58m to the Shandong Chenming Paper Holding Company.
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its outstanding euro-denominated 11.75% Senior Secured Notes due 2014 (the “Notes”), validly tendered and not validly withdrawn on or prior to 5:00 p.m., New York City time...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 ( ).