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

    27 July 2015

    Notification of Major Interests in Shares

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

    1. Identity of the issuer or the underlying issuer of existing shares to which
    voting rights are attached:

    Mondi plc

    2. Reason for notification

    Holding decreased below 7%

    3. Full name of person(s) subject to the notification obligation:

    Coronation Asset Management (Pty) Ltd

    4. Full name of shareholder(s) (if different from 3.):

    N/A

    5. Date of the transaction (and date on which the threshold is crossed or
    reached if different):

    27 July 2015

    6. Date on which issuer notified:

    27 July 2015

    7. Threshold(s) that is/are crossed or reached:

    7%

    8. Notified details:

    A: Voting rights attached to shares

    Class/type of      Situation previous to the                                           
    shares if possible triggering transaction                                              
    using the ISIN                                                                         
    Code                                                                                   
                                                                                           
                       No. of shares No. of voting                                         
                                     rights                                                
                                                                                           
                                                                                           
    GB00B1CRLC47       26,359,897    26,359,897                                            

       

    Resulting situation after the triggering transaction                                  
                                                                                          
    No. of shares              No. of voting rights         % of voting rights            
                                                                                          
    Direct                     Direct          Indirect     Direct           Indirect     
                                                                                          
    25,025,102                 25,025,102      N/A          6.81%            N/A          

    B:  Qualifying Financial Instruments

    Resulting situation after the triggering transaction

    Type of financial Expiration   Exercise/          Number of voting      % of voting  
    instrument        date         Conversion Period  rights that may be    rights       
                                                      acquired if the                    
                                                      instrument is                      
                                                      exercised/ converted.              
                                                                                         
    N/A                                                                                  

    C:  Financial Instruments with similar economic effect to Qualifying Financial
    Instruments

    Resulting situation after the triggering transaction

    Type of      Exercise   Expiration   Exercise/      Number of       % of voting      
    financial    Price      date         Conversion     voting rights   rights           
    instrument                           Period         instrument                       
                                                        refers to                        
                                                                                         
                                                                        Nominal   Delta  
                                                                                         
    N/A                                                                                  

    Total (A+B+C)

    Number of voting rights              % of voting rights                    
                                                                               
    25,025,102                           6.81%                                 

    9. Chain of controlled undertakings through which the voting rights and/or the
    financial instruments are effectively held, if applicable:

    N/A

    Proxy Voting:

    10. Name of the proxy holder:

    Coronation Asset Management (Pty) Ltd

    11. Number of voting rights proxy holder will cease to hold:

    N/A

    12. Date on which proxy holder will cease to hold voting rights:

    N/A

    13. Additional information:

           N/A

    14. Contact name:

    Abigail Recker

    15. Contact telephone number:

    01932 826 369

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