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Valli Moosa To Join Sappi Limited Board

Sappi Limited (NYSE: SPP), the global pulp and paper group, today announced that Mr Valli Moosa will join the Sappi Limited board with effect from 01 August 2010 as a non-executive director, following the conclusion of Sappi’s R814m black economic empowerment transaction earlier in 2010.

Mr Moosa is currently the chairman of Lereko Investments, Sappi’s strategic black economic empowerment partner. He has held numerous leadership positions across business, government, politics and civil society. To name but a few, he was for five years South African Minister of Environmental Affairs and Tourism; for four years the President of the IUCN (International Union for the Conservation of Nature); and he was a long-serving National Executive Committee Member of the African National Congress (ANC). He currently serves as non-executive director of Sanlam Limited, Imperial Holdings Anglo Platinum and Sun International, where he is also the chairman. Mr Moosa holds a BSc (Mathematics) from the University of Durban-Westville.

Commenting on Mr Moosa’s appointment, Dr Danie Cronjé, chairman of Sappi Limited, said “We are pleased to be able to welcome a person of such high calibre and broad experience as Valli Moosa to the Board. He brings his international exposure to environmental matters, his work as a black economic empowerment entrepreneur in South Africa, and his experience serving on the boards of significant companies to Sappi. His presence on the Sappi Board also further strengthens the relationship between Sappi and Lereko Investments, our strategic partner.”

Additional information on Mr Valli Moosa:

Chairman of Lereko Investments
Chairman and Non-Executive Director of Sun International
Non-Executive Director of Sanlam Ltd
Non-Executive Director of Imperial Holdings
Non-Executive Director of Anglo Platinum
Member of Auditor-General’s Advisory Board

Member of the International Marketing Council
2005-2008 Non-Executive Chairman of Eskom
2004-2008 President of the IUCN (International Union for the Conservation of Nature)
2004-2005 Non-Executive Director of South African Airways
2002-2003 Chairperson of the UN Commission on Sustainable Development
1999-2004 Member of the Board of the Business Trust
1999-2004 Minister of Environmental Affairs and Tourism
1996-1999 Minister of Constitutional Development
1994-1996 Deputy Minister of Constitutional Development
1994-2004 Member of the South African Parliament

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