2014 Final Dividend ZAR/euro Exchange Rate

Mondi Limited

Incorporated in the Republic of South Africa
Registered office: 4th Floor, No.3 Melrose Boulevard, Melrose Arch 2196,
Gauteng, RSA
Registration number: 1967/013038/06
Tax registration number: 920/0017/71/4P
JSE share code: MND ISIN: ZAE000156550

Mondi plc
Incorporated in England and Wales
Registered office: 1st Floor, Building 1, Aviator Park, Station Road,
Addlestone, Surrey KT15 2PG, UK
Registered number: 6209386
Tax registration number: 454 12394 14454
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

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

24 February 2015

Mondi Group - 2014 Final Dividend ZAR/euro Exchange Rate

On 24 February 2015 Mondi Group announced, in its Preliminary Results
announcement, that a proposed final dividend for the year ended 31 December
2014 of 28.77 euro cents per ordinary share will be paid on 21 May 2015 to all
Mondi Limited and Mondi plc ordinary shareholders on the relevant registers on
24 April 2015. The final dividend is subject to the approval of the
shareholders of Mondi Limited and Mondi plc at the respective annual general
meetings scheduled for 13 May 2015.

Mondi Limited and Mondi plc will pay their respective dividends as follows:

Mondi Limited

Mondi Limited will pay its dividend in South African rand cents. The applicable
exchange rate is EUR 1 to ZAR 13.18700.

Therefore, the equivalent gross final dividend in rand cents per ordinary share
will be 379.38999. Dividend tax will be withheld from Mondi Limited
shareholders at a rate of 15%, unless a shareholder qualifies for an exemption,
resulting in a net dividend of 322.48149 rand cents per ordinary share.

Mondi plc

Mondi plc will pay its dividend in euro.

However, ordinary shareholders resident in the United Kingdom will receive the
dividend in sterling (unless shareholders have elected to receive their
dividend in euro). The last date for euro currency elections will be 24 April
2015. The exchange rate for this payment will be set on 5 May 2015.

In addition, Mondi plc South African branch register shareholders will receive
the dividend in South African rand cents, converted at a rate of EUR 1 to ZAR
13.18700. Therefore, the equivalent gross final dividend in rand cents per
ordinary share will be 379.38999. Dividend tax will be withheld from Mondi plc
South African branch register shareholders at a rate of 15%, unless a
shareholder qualifies for an exemption, resulting in a net dividend of
322.48149 rand cents per ordinary share.

Additional Information

No secondary tax on companies (STC) credits will be used for the payment of the
final dividend which will be paid from income reserves.

Mondi Limited had a total of 118,312,975 ordinary shares in issue and Mondi plc
367,240,805 ordinary shares in issue of which 150,208,382 were held on the
branch register, excluding treasury shares, at the dividend recommendation date
of 24 February 2015.

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