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)
    JSE share code: MNP ISIN: GB00B1CRLC47
    LSE share code: MNDI

    As part of the dual listed company structure, Mondi Limited and Mondi plc
    (together 'Mondi Group') 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 and Transparency and Listing Rules of the
    United Kingdom Listing Authority.

    28 July 2015

    Mondi Group: Trading Statement

    In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,
    companies are required to publish a trading statement as soon as they become
    reasonably certain that the financial results for the period to be reported on
    next will differ by at least 20% from those of the previous corresponding
    period.

    Mondi is currently finalising its results for the half year ended 30 June 2015,
    which will be released on 6 August 2015. It can now be confirmed that
    underlying operating profit for the half year ended 30 June 2015 is expected to
    be above that of the comparable prior year period of EUR377 million.

    In the six months ended 30 June 2014, the Group recognised a net special item
    charge after tax of EUR16 million.  The net special item charge for the six
    months ended 30 June 2015 is around EUR36 million, relating mainly to
    restructuring activities including the closure of a small kraft paper mill in
    Finland, the closure of a consumer packaging plant in Spain and further
    restructuring of the US bags business.

    Accordingly, Mondi advises that it expects earnings per share (EPS) for the
    half year ended 30 June 2015 to be within the ranges shown below:

      * basic underlying EPS (euro cents) 65 to 70 (2014 51.9), an increase of
        between 25% and 35%
       
      * basic EPS (euro cents) 57 to 62 (2014 48.6), an increase of between 17% and
        28%
       
      * basic headline EPS (euro cents) 57 to 62 (2014 48.3), an increase of
        between 18% and 28%
       
    Mondi has disclosed basic underlying EPS, which is defined as basic EPS
    excluding the impact of special items, as the directors believe this provides a
    useful additional measure of the Group's underlying performance. Mondi has
    disclosed basic EPS which includes the effect of special items. The disclosure
    of basic headline EPS is required under the Listings Requirements of the JSE
    Limited and has been calculated in accordance with Circular 2/2013 as issued by
    the South African Institute of Chartered Accountants.

    The above information has neither been reviewed nor audited by Mondi's
    auditors.

    End

    Contact details:

    Mondi Group                                                                          
                                                                                         
    Andrew King                                +27 11 994 5415                           
                                                                                         
    Lora Rossler                               +27 83 627 0292                           
                                                                                         
    FTI Consulting                                                                       
                                                                                         
    Richard Mountain                           +44 7909 684 466                          
                                                                                         
    Roger Newby                                +44 20 3727 1385                          

    Editors' notes

    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.  We offer over 100
    packaging and paper products, customised into more than 100,000 different
    solutions for customers and end consumers. In 2014, Mondi had revenues of
    EUR6.4 billion and a return on capital employed of 17.2%.

    The Mondi Group is 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.  Our innovative technologies and products can be found in a variety
    of applications including hygiene components, stand-up pouches, super-strong
    cement bags, clever retail boxes and office paper.  Our key customers are in
    industries such as automotive; building and construction; chemicals; food and
    beverage; home and personal care; medical and pharmaceutical; packaging and
    paper converting; pet care; and office and professional printing.

    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.

    For us, acting sustainably makes good business sense.  We don't just talk about
    sustainability; we make it part of the way we work every day.  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