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 January 2017

    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 Guidance and Transparency Rules of the United Kingdom Listing
    Authority. This regulated information is required to be disclosed under Article
    12 of the EU Transparency Directive (2004/109/\EC).

    1. Identity of the issuer or the underlying issuer of existing shares to which
    voting rights are attached:

    Mondi plc

    GB00B1CRLC47

    2. Reason for notification

    An acquisition or disposal of voting rights

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

    Norges Bank

    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):

    5 January 2017

    6. Date on which issuer notified:

    6 January 2017

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

    Below 4%

    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       % of voting      
                    shares     Voting      shares       rights              rights           
                               Rights                                                        
                                           Direct       Direct     Indirect Direct  Indirect 
                                                                                             
    GB00B1CRLC47    14,698,943 14,698,943  14,424,171   14,424,171 N/A      3.93 %  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              N/A         N/A               N/A                  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         N/A        N/A         N/A           N/A            N/A           N/A      

    Total (A+B+C)

    Number of voting rights              % of voting rights                    
                                                                               
    14,424,171                           3.93%                                 

    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:

    Norges Bank

    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:

    Amy Fitzpatrick

    15. Contact telephone number:

    01932 826 365

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