Europe

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”).

Sappi introduces Algro Guard OHG, a new high-barrier paper-based packaging solution. With integrated barriers and heat sealing properties the paper is suitable for flexible packaging applications.

Sappi Europe welcomed this year’s 13 qualifying teams to Munich, Germany to compete for the Sappi Cup Table Football Tournament title on 21st April 2016. 28 players from an original pool of 148 teams made the trip, representing Austria, CEE - Slovakia and Czech Republic, France, Germany, Italy, Poland, Spain, the UK.

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 Europe proudly reports that the famed House of Besserat de Bellefon, based in Epernay in the Champagne region of France, has chosen to package its crown jewel, Cuvée des Moines, in a presentation case constructed of elegant, bright-white Sappi Algro Design carton board.

As part of an initiative to raise funds for a school integration project in Aachen, Germany, Sappi Europe has donated the paper necessary to produce a colourful cookery book entitled ‘Meat & Greet.’

Sappi Speciality Papers today announced that it will be exhibiting at two important European packaging & label shows in the fall of this year. FachPack is scheduled to run from 29 September through 1 October in Nuremberg, Germany; while Labelexpo Europe will take place in Brussels, Belgium, from 29 September through 2 October

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