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 and/or the Disclosure and Transparency and Listing Rules of the United
    Kingdom Listing Authority.

    3 May 2016

    Mondi Group - 2015 Final Dividend euro/sterling Exchange Rate

    Mondi announced on 25 February 2016 that Mondi Limited and Mondi plc will,
    subject to shareholder approval at the AGMs, pay their respective dividends on
    19 May 2016 as follows:

    Mondi Limited

    Mondi Limited will pay its dividend in South African rand cents. The applicable
    exchange rate is EUR 1 to ZAR 17.29284.

    Therefore, the equivalent gross final dividend in rand cents per ordinary share
    will be 650.55664.

    Mondi plc

    Mondi plc will pay its dividend in euro (37.62 euro cents per ordinary share). 

    However, ordinary shareholders resident in the United Kingdom will receive the
    dividend in sterling (unless shareholders have elected to receive their
    dividend in euro). The last date for euro currency elections was 22 April 2016.
    It was stated in the announcement on 25 February that the exchange rate for
    this payment would be set today. Accordingly, it is confirmed that sterling
    dividend payments will be converted at a rate of EUR 1 to GBP 0.78810.
    Therefore, the equivalent final dividend in pence per ordinary share will be
    29.64832.

    Mondi plc South African branch register shareholders will receive the dividend
    in South African rand cents, converted at a rate of EUR 1 to ZAR 17.29284.
    Therefore, the equivalent gross final dividend in rand cents per ordinary share
    will be 650.55664.

    Information relating to the dividend tax applicable to Mondi Limited
    shareholders and Mondi plc South African branch register shareholders can be
    found in the ZAR/euro exchange rate announcement released by Mondi on 25
    February 2016.

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