Disclosure of significant holding of Sappi ordinary shares Sappi Limited (Incorporated in the Republic of South Africa) Registration number: 1936/008963/06 JSE share code: SAP ISIN code: ZAE000006284 ("Sappi" or the "Company") DISCLOSURE OF SIGNIFICANT HOLDING OF SAPPI ORDINARY SHARES In compliance with Section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended ("Companies Act") and regulation 121(2)(b) of the Companies Regulations, 2011 and 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that Sappi has received formal notification on 15 November 2023 that Public Investment Corporation SOC Ltd ('PIC'), has increased its interest in the ordinary shares of the Company such that the total beneficial interest in the ordinary shares of the Company held by PIC amounts to 20.018% of the total issued ordinary share capital of the Company. As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notice with the Takeover Regulation Panel. The board of directors of Sappi accepts responsibility for the information contained in this announcement as it relates to the Company and confirms that, to the best of its knowledge and belief, such information relating to Sappi is true and that this announcement does not omit anything likely to affect the importance of such information. Johannesburg 29 February 2024 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 29-02-2024 02:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.