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Two New Directors Join the Board of Sappi

Press release from the issuing company

JOHANNESBURG, South Africa--March 1, 2002--Sappi Ltd, the world's largest producer of coated fine paper, today announced the following changes to its Board. Professor Meyer Feldberg and Dr Len Konar have joined the Sappi board as non-executive directors. Professor Feldberg has, since 1989, been the dean of Columbia Business School, New York, internationally recognised as one of the world's top schools. He is professor of management at Columbia, and is also a director of several major public companies in the United States of America, including Revlon, one of the world's best known names in cosmetics; Federated Department Stores, the largest department store group in the USA, UBS Brinson Advisors Funds and Primedia Inc (USA), one of America's largest publishing companies. Dr Len Konar, a chartered accountant, is an independent corporate consultant based in Johannesburg. He was previously professor and head of the department of accountancy at the University of Durban Westville and serves as a non-executive director of several major South African public companies, including Old Mutual. He is also a director of the South African Reserve Bank. Both join the Board as from 1 March 2002. Former Sappi executives Bill Hewitt and Ken Lechmere-Oertel, who have served on the Board for many years, retired by rotation at the Annual General Meeting on 25 February 2002 and, as previously reported, did not stand for re-election.