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

    25 May 2016

    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

    Holding decreased below 7%

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

    Coronation Asset Management (Pty) Ltd

    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):

    24 May 2016

    6. Date on which issuer notified:

    24 May 2016

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

    7%

    8. Notified details:

    A:  Voting rights attached to shares

    Class/type of    Situation previous to  Resulting situation after the triggering         
    shares           the triggering         transaction                                      
                     transaction                                                             
                                                                                             
                     No. of     No. of      No. of      No. of voting rights % of voting     
                     shares     Voting      shares                           rights          
                                Rights                                                       
                                            Direct      Direct      Indirect Direct  Indirect
                                                                                             
    GB00B1CRLC47     25,862,888 25,862,888  25,518,504  25,518,504  N/A      6.95%   N/A     

    B:  Qualifying Financial Instruments

    Resulting situation after the triggering transaction

    Type of          Expiration  Exercise/         Number of voting     % of voting 
    financial        date        Conversion Period rights that may be   rights      
    instrument                                     acquired if the                  
                                                   instrument is                    
                                                   exercised/                       
                                                   converted.                       
                                                                                    
    N/A                                                                             

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

    Resulting situation after the triggering transaction

    Type of     Exercise   Expiration  Exercise/     Number of      % of voting rights     
    financial   Price      date        Conversion    voting rights                         
    instrument                         Period        instrument                            
                                                     refers to                             
                                                                                           
                                                                    Nominal       Delta    
                                                                                           
    N/A                                                                                    

    Total (A+B+C)

    Number of voting rights              % of voting rights                    
                                                                               
    25,518,504                           6.95%                                 

    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:

    Coronation Asset Management (Pty) Ltd

    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