Mondi Limited

    Incorporated in the Republic of South Africa
    Registered office: 4th Floor, No.3 Melrose Boulevard, Melrose Arch 2196,
    Gauteng, RSA
    Registration number: 1967/013038/06
    Tax registration number: 920/0017/71/4P
    JSE share code: MND ISIN: ZAE000156550

    Mondi plc

    Incorporated in England and Wales
    Registered office: 1st Floor, Building 1, Aviator Park, Station Road,
    Addlestone, Surrey KT15 2PG, UK
    Registered number: 6209386
    Tax registration number: 454 12394 14454
    LEI: 213800LOZA69QFDC9N34
    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 Guidance and Transparency and Listing
    Rules of the United Kingdom Listing Authority. To comply with the requirements
    in Articles 7 and 9 of the regulatory technical standards of the Transparency
    Directive (2004/109/EC), this announcement is classified as additional
    regulated information required to be disclosed under the laws of a Member
    State.

    23 February 2017

    Mondi Group - 2016 Final Dividend ZAR/euro Exchange Rate

    On 23 February 2017 Mondi Group announced, in its Preliminary Results
    announcement, that a proposed final dividend for the year ended 31 December
    2016 of 38.19 euro cents per ordinary share will be paid on 18 May 2017 to all
    Mondi Limited and Mondi plc ordinary shareholders on the relevant registers on
    21 April 2017. The final dividend is subject to the approval of the
    shareholders of Mondi Limited and Mondi plc at the respective annual general
    meetings scheduled for 11 May 2017.

    Mondi Limited and Mondi plc will pay their respective dividends as follows:

    Mondi Limited

    Mondi Limited will pay its dividend in South African rand cents. The applicable
    exchange rate is EUR 1 to ZAR 13.68707.

    Therefore, the equivalent gross final dividend in rand cents per ordinary share
    will be 522.70920. Dividend tax will be withheld from Mondi Limited
    shareholders at a rate of 20%, unless a shareholder qualifies for an exemption,
    resulting in a net dividend of 418.16736 rand cents per ordinary share.

    Mondi plc

    Mondi plc will pay its dividend in euro. 

    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 will be 21 April
    2017. The exchange rate for this payment will be set on 2 May 2017.

    In addition, 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
    13.68707. Therefore, the equivalent gross final dividend in rand cents per
    ordinary share will be 522.70920. Dividend tax will be withheld from Mondi plc
    South African branch register shareholders at a rate of 20%, unless a
    shareholder qualifies for an exemption, resulting in a net dividend of
    418.16736 rand cents per ordinary share.

    Additional Information

    The final dividend will be paid from income reserves.

    Mondi Limited had a total of 118,312,975 ordinary shares in issue and Mondi plc
    367,240,805 ordinary shares in issue of which 99,959,050 were held on the
    branch register, excluding treasury shares, at the dividend recommendation date
    of 23 February 2017.

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