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
    LEI: 213800LOZA69QFDC9N34
    JSE share code: MNP ISIN: GB00B1CRLC47
    LSE share code: MNDI

    6 February 2017

    As part of the dual listed company structure, Mondi Limited and Mondi plc
    (together "Mondi Group" or "Mondi") 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
    Rules and the Listing Rules of the United Kingdom Listing Authority.

    Mondi Group acquires Excelsior Technologies

    Mondi Group has acquired 100% of the outstanding share capital of Excelsior
    Technologies Limited ("Excelsior" or the "Company") from funds managed by
    Endless LLP and certain other minority shareholders, for a total consideration
    of £33 million (€38 million), on a debt and cash-free basis.

    Excelsior is a vertically-integrated producer of innovative flexible packaging
    solutions, mainly for food applications, with a unique packaging technology for
    microwave steam cooking.  With two plants, located in Deeside (Northern Wales,
    UK) and Nelson (Lancashire, UK) the Company serves both domestic and US
    customers. For the year ended 31 December 2016, Excelsior generated revenues of
    £39 million (€47 million).

    Commenting on the acquisition, David Hathorn, Chief executive of Mondi Group,
    said: "The acquisition of Excelsior supports the development of our Consumer
    Packaging business in high growth product applications. Its leading microwave
    steam cooking packaging technology complements and enhances our global food
    packaging offering".

    Contact:

    Mondi Group
    Lora Rossler
    Group Head of Communications
    Tel: +27 (0)31 451 2111 or +27 (0)83 627 0292
    E-mail: lora.rossler@mondigroup.co.za

    Andrew King
    Group CFO
    Tel: +27 (0)11 994 5415
    E-mail: andrew.king@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 €6.8 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