Mondi Limited

    Incorporated in the Republic of South Africa

    Registration number: 1967/013038/06

    JSE share code: MND ISIN: ZAE000156550

    Mondi plc

    Incorporated in England and Wales

    Registered number: 6209386

    LEI: 213800LOZA69QFDC9N34

    JSE share code: MNP ISIN: GB00B1CRLC47

    LSE share code: MNDI

    29 August 2017

    As part of the dual listed company structure, Mondi Limited and Mondi plc
    (together "Mondi Group" or "Mondi") notify both the JSE Limited and the London
    Stock Exchange of matters required to be disclosed under the Listings
    Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency
    Rules and the Listing Rules of the United Kingdom Listing Authority.

    Update on Mondi's machine glazed speciality kraft paper machine investment at
    its Steti mill

    Mondi has decided to postpone its €135 million investment in a new 90,000 tonne
    per annum machine glazed speciality kraft paper machine at its Steti mill in
    the Czech Republic.

    Commenting on the decision, Peter Oswald, Mondi CEO, said, "We have decided to
    postpone the machine glazed speciality kraft paper machine investment after a
    careful review of market conditions. While the proposed new machine remains an
    exciting investment opportunity, offering the lowest cost production of its
    sort in Europe, recently announced industry capacity expansions are expected to
    result in a market imbalance over the period in which the new machine was
    planned to come on line.

    There is no change to our €335 million investment in modernising the mill
    including rebuilding the fibre lines, de-bottlenecking the existing packaging
    paper machines and a new recovery boiler, which is progressing as planned."

    Contact

    Lora Rossler

    Group Head of Corporate Communication

    Tel: +43 664 234 7122 / +27 83 627 0292

    Email: lora.rossler@mondigroup.com

    or

    Andrew King

    Group CFO

    Tel: +44 1932 826355

    E-mail: andrew.king@mondigroup.com

    We are Mondi: IN TOUCH EVERY DAY

    Mondi is an international packaging and paper Group, employing around 25,000
    people across more than 30 countries. Our key operations are located in central
    Europe, Russia, North America and South Africa. In 2016, Mondi had revenues of
    €6.7 billion and a return on capital employed of 20.3%.

    We are fully integrated across the packaging and paper value chain - from
    managing forests and producing pulp, paper and compound plastics, to developing
    effective and innovative industrial and consumer packaging solutions. With over
    100 products customised into more than 100,000 solutions, we offer more than
    you may expect. Leading brands around the world rely on our innovative
    technologies and products across a variety of industries such as agriculture;
    automotive; building and construction; chemicals and dangerous goods; food and
    beverages; graphic and photographic; home and personal care; medical and
    pharmaceutical; office and professional printing; packaging and paper
    converting; pet care; retail and e-commerce; and shipping and transport.

    We believe sustainable development makes good business sense. It's integral to
    our responsible and profitable growth, and embedded in everything we do, every
    day. We continue to look for ways to do more with less, promote the responsible
    management of ecosystems, develop and inspire our people, and enhance the value
    that our sustainable product solutions create.

    Mondi has a dual listed company structure, with a primary listing on the JSE
    Limited for Mondi Limited under the ticker code MND and a premium listing on
    the London Stock Exchange for Mondi plc, under the ticker code MNDI. We have
    been included in the FTSE4Good Index Series since 2008 and the JSE's Socially
    Responsible Investment (SRI) Index since 2007.

    Sponsor in South Africa: UBS South Africa (Pty) Ltd