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.

    7 April 2016

    Mondi launches EUR500 million Eurobond

    NOT FOR DISTRIBUTION TO ANY PERSON OR ADDRESS IN THE UNITED STATES OF AMERICA,
    ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT
    OF COLUMBIA (THE "UNITED STATES") OR TO THE U.S. PERSONS

    Mondi is pleased to announce the successful launch of a EUR500 million, 8-year
    Eurobond. Proceeds of the issue, which is due to close on 14 April 2016, will
    be used for general corporate purposes.

    The Eurobond matures in April 2024, has a coupon of 1.5%, and an application
    will be made for it to be listed on the London Stock Exchange. The joint
    book-runners for the issue were BNP Paribas, Commerzbank, Deutsche Bank, HSBC
    and UniCredit.

    The Eurobond will be issued under Mondi's European Medium Term Note (EMTN)
    programme, which is rated Baa2 by Moody's and BBB by Standard and Poor's.

    Andrew King, Mondi's Chief Financial Officer, said:
    "We are delighted with the support for our bond issue from a wide group of
    European Institutional investors.  The success of this transaction further
    strengthens the Group by extending our debt maturity profile and reflects
    Mondi's consistent and focussed long term strategy, robust business model and
    high-quality, low-cost asset base".

    THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
    THE UNITED STATES OR TO U.S. PERSONS. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN
    OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES IN THE
    UNITED STATES OR TO U.S. PERSONS. THE SECURITIES REFERRED TO HAVE NOT BEEN AND
    WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
    "SECURITIES ACT") OR THE LAWS OF ANY STATE WITHIN THE UNITED STATES, AND MAY
    NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO OR FOR THE ACCOUNT OR BENEFIT
    OF U.S. PERSONS (AS SUCH TERM IS DEFINED IN REGULATION S UNDER THE SECURITIES
    ACT), EXCEPT IN A TRANSACTION NOT SUBJECT TO, OR PURSUANT TO AN APPLICABLE
    EXEMPTION FROM, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR ANY
    STATE SECURITIES LAWS. NO OFFERING OF THE SECURITIES IS BEING MADE, AND THERE
    WILL BE NO PUBLIC OFFER OF THE SECURITIES IN THE UNITED STATES OR IN ANY OTHER
    JURISDICTION.

    This communication is directed only at (i) persons who are outside the United
    Kingdom, (ii) persons in the United Kingdom who have professional experience in
    matters related to investments and who are investment professionals within the
    meaning of Article 19(5) of the Financial Services and Markets Act 2000
    (Financial Promotion) Order 2005 (as amended) of the United Kingdom (the "
    Financial Promotion Order"); (iii) persons who fall within Articles 49(2)(a) to
    (d) ("high net worth companies, unincorporated associations etc.") of the
    Financial Promotion Order; and (iv) any other persons to whom this
    communication may otherwise lawfully be directed (all such persons together
    being referred to as "relevant persons"). This communication must not be acted
    on or relied on by other persons in the United Kingdom. Any investment or
    investment activity to which this communication relates is available only to
    relevant persons and will be engaged in only with relevant persons. This
    communication must not be acted on or relied on by persons who are not relevant
    persons.

    Contact:

    Mondi Group

    Andrew King

    Group CFO

    Tel: +27 (0)11 994 5415

    E-mail: andrew.king@mondigroup.com

    James Paterson

    Group Treasurer

    Tel: +44 (0)1932 826340

    E-mail: james.paterson@mondigroup.com

    We are Mondi: In touch every day

    At Mondi, our products protect and preserve the things that matter.

    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, end consumers and industrial end uses - touching the lives of
    millions of people every day. In 2015, Mondi had revenues of EUR6.8 billion and
    a return on capital employed of 20.5%.

    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 and is 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

    /ends