Southern Africa

Code
SA
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 entered into an exciting new phase of growth and development with the decision to go ahead with the expansion and modernisation of the Sappi Ngodwana mill, including the introduction of 210,000 tpa of chemical cellulose production at the mill.
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 today announced its appointment as the official recycling partner for the J.P. Morgan Corporate Challenge® to be held on 08 March 2012 at Wanderers, Johannesburg. “We have not only entered the Challenge as a team but we are thrilled to announce that we are the Green Ambassadors for the race,” said Anton van Rooyen, General Manager Sappi Refibre
Print excellence was celebrated at the 2012 Sappi African Printers of the Year event held in Melrose Arch, Johannesburg on 16 August 2012. The event highlighted Sappi’s philosophy and tagline Inspired by life.
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
On 04 September 2013 Sappi Southern Africa showed its support for The Kruger National Park Warburgia Salutaris project at a ceremonial cheque handover event that took place at the Lowveld National Botanical Gardens.
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
The successful upgrade to produce Specialised Cellulose (also known as dissolving pulp) at Sappi’s Ngodwana Mill in Mpumalanga marks an exciting phase of growth and development for the company, and the province.

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