Mondi : Holding(s) in Company

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

3 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 qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

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):

30 December 2016

6. Date on which issuer notified:

2 January 2017

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

Above 4% based on voting rights attached to shares

8. Notified details:

A: Voting rights attached to shares

Class/type   Situation previous to Resulting situation after the triggering
of 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 14,651,656 14,651,656 14,698,943 14,698,943 N/A      4.003% N/A

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of    Expiration date Exercise/         Number of voting  % of voting
financial                  Conversion Period rights that may   rights
instrument                                   be 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 Price Expiration date Exercise/  Number of     % of voting
financial                                 Conversion voting rights 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

14,698,943              4.003%

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:

Abigail Recker

15. Contact telephone number:

01932 826 369

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