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
    21 August 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 6%

    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):

    21 August 2015

    6. Date on which issuer notified:

    21 August 2015

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

    6%

    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       22,102,097    22,102,097    

       

    Resulting situation after the triggering transaction                                 
                                                                                         
    No. of shares             No. of voting rights         % of voting rights            
                                                                                         
    Direct                    Direct          Indirect     Direct           Indirect     
                                                                                         
    21,781,701                21,781,701      N/A          5.93%            N/A          

    B:  Qualifying Financial Instruments

    Resulting situation after the triggering transaction

    Type of          Expiration  Exercise/         Number of voting     % of voting 
    financial        date        Conversion Period rights that may be   rights      
    instrument                                     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                    
                                                                               
    21,781,701                           5.93%                                 

    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