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 September 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

    An acquisition or disposal of voting rights

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

    Public Investment Corporation Limited

    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 September 2015

    6. Date on which issuer notified:

    21 September 2015

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

    8%

    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                                             
                                                                                           
                                                                                           
    MNP                29,529,597                                                          

       

    Resulting situation after the triggering transaction                                
                                                                                        
    No. of shares             No. of voting rights           % of voting rights         
                                                                                        
    Direct                    Direct           Indirect      Direct        Indirect     
                                                                                        
    28,655,736                                               7.803%                     

    B:  Qualifying Financial Instruments

    Resulting situation after the triggering transaction

    Type of        Expiration     Exercise/        Number of voting      % of      
    financial      date           Conversion       rights that may be    voting    
    instrument                    Period           acquired if the       rights    
                                                   instrument is                   
                                                   exercised/ converted.           
                                                                                   
    None                                                                           

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

    Resulting situation after the triggering transaction

    Type of        Exercise    Expiration     Exercise/     
    financial      Price       date           Conversion    
    instrument                                Period        
                                                            
    N/A                                                     

       

    Number of voting rights    % of voting rights       
    instrument refers to                                
                                                        
                               Nominal       Delta      
                                                        
    N/A                                                 

    Total (A+B+C)

    Number of voting rights              % of voting rights                    
                                                                               
    28,655,736                           7.803%                                

    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:

    N/A

    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