MONDI PLC
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
29 June 2016
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 Rules and Transparency
Rules and/or the Listing Rules of the United Kingdom Listing Authority.
Regulatory Report on Payments to Governments in respect of Logging Industries
for the Year 2015
The report of payments to governments made by Mondi plc and its subsidiary
undertakings for the year ended 31 December 2015 has been published in
accordance with the UK's Reports on Payments to Governments Regulations 2014
(as amended in December 2015). This regulation implements the two EU Directives
in the UK, mandating annual reports by companies in the extractives and logging
industries of their payments to governments in countries in which they operate.
To read details of Mondi's payments to governments go to www.mondigroup.com.
Basis of preparation
The application of the Regulation for Mondi relates to our logging activities
and specifically to the disclosure of payments to governments relating to the
logging of primary forests.
We have used the Food and Agriculture Organisation of the United Nations
definition of 'primary forest' being:
'Naturally regenerated forest of native species, where there are no clearly
visible indications of human activities and the ecological processes are not
significantly disturbed'.
Also, for the purposes of this report, the original 'IFL 2000' (Greenpeace,
World Resources Institute (WRI) and Transparent World) inventory of intact
forests has been used as the base for reporting on the harvesting of primary
forests in the Komi Republic, Russia ('Komi').
Only a portion of our Syktyvkar logging operations in Komi fall within the
above definition of primary forests. Our operations in South Africa comprise
plantation forests that are not associated with any primary forests and
therefore are excluded from the report.
Our logging operations in Komi do not result in deforestation. In terms of the
Russian Forestry Code and Mondi's sustainable development policies all logged
areas are naturally regenerated with supplementary plantings of spruce and pine
where required to make up full populations of young trees for the next
sustainable forest cycle. During logging operations protected areas, High
Conservation Areas (HCV) areas and sensitive biotopes, comprising approximately
25% of the area, are naturally set aside for conservation.
Exchange rate
Payments made in currencies other than the euro (Mondi Group's reporting
currency) are translated for this report using the average exchange rate during
the financial year to which it relates.
Further information
For further information regarding the Mondi Group's approach to sustainably
managing our forests, please refer to our Sustainable development report 2015
which can be found at www.mondigroup.com/sd15 and our sustainable forestry
policy, one of our issue specific SD policies at http://www.mondigroup.com/
desktopdefault.aspx/tabid-2740
Report
Government Report
Country Production Taxes Royalties Dividends Bonuses Licence Infrastructure Total
entitlement fees, etc improvements
Russia Nil €97,000 Nil Nil Nil €612,000 Nil €709,000
Projects Report
Entity Production Taxes Royalties Dividends Bonuses Licence Infrastructure Total
entitlement fees, etc improvements
OJSC Nil €97,000 Nil Nil Nil €612,000 Nil €709,000
Mondi
Syktyvkar
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
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 EUR6.8 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
MONDI PLC : - Report on Payments to Governments
June 29, 2016 at 10:31 am EDT
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