Director/PDMR Shareholding

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

As part of the dual listed company structure, Mondi Limited and Mondi plc notify both the JSE Limited and the London Stock Exchange of those interests (and changes to those interests) of directors of both entities and the respective company secretaries, persons discharging managerial responsibilities across the group and, in certain instances, the directors of major subsidiaries of Mondi Limited in the securities of Mondi Limited and Mondi plc which are required to be disclosed under the Listings Requirements of the JSE and/or the Disclosure and Transparency Rules of the United Kingdom Listing Authority.

22 March 2016

In accordance with Rules 3.63-3.74 of the JSE Listings Requirements and/or Disclosure and Transparency Rules 3.1.4R(1)(a), we advise of the following:

TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.20 EACH

1. Conditional awards of shares under the Mondi Long Term Incentive Plan granted to directors of Mondi Limited and Mondi plc, the Company Secretary of Mondi plc and Persons Discharging Managerial Responsibility

Name	Position	Number of Shares
David Hathorn	Director	91,596
Carol Hunt	Company Secretary	13,355
Andrew King	Director	44,022
John Lindahl	PDMR	31,119
Peter Oswald	Director	86,073
Ron Traill	PDMR	31,606

Date and place of transaction	22 March 2016, London, UK
Date of notification to issuer	22 March 2016
Type of option	Long Term Incentive Plan
Class of share	Ordinary
Option price	Nil cost award
Vesting date	After the announcement of the final results for 2018 in early 2019
Performance conditions	One half TSR and one half ROCE each measured over the 3 financial years ending 31 December 2018.
Additional Information	The LTIP award is based on a percentage of the Executive’s salary as approved by the Mondi DLC Remuneration Committee. In line with the standard methodology adopted each year, the number of shares under award is determined with reference to the average share price over three days commencing with the announcement of results.

2. Conditional awards of shares under the Mondi Bonus Share Plan granted to directors of Mondi Limited and Mondi plc, the Company Secretary of Mondi plc and Persons Discharging Managerial Responsibility

Name	Position	Number of Shares
David Hathorn	Director	32,614
Carol Hunt	Company Secretary	5,844
Andrew King	Director	15,599
John Lindahl	PDMR	13,649
Peter Oswald	Director	30,258
Ron Traill	PDMR	14,019

Date and place of transaction	22 March 2016, London, UK
Date of notification to issuer	22 March 2016
Type of option	Bonus Share Plan
Class of share	Ordinary
Option price	Nil cost award
Vesting date	After the announcement of the final results for 2018 in early 2019
Additional Information	The share award under the BSP represents half of the Executive’s total bonus as approved by the Mondi DLC Remuneration Committee. In line with the standard methodology adopted each year, the number of shares under award is determined with reference to the average share price over three days commencing with the announcement of results.

TRANSACTIONS IN MONDI LIMITED ORDINARY SHARES OF NO PAR VALUE

1. Conditional awards of shares under the Mondi Long Term Incentive Plan granted to directors of Mondi Limited and Mondi plc and the Company Secretary of Mondi Limited

Name	Position	Number of Shares
David Hathorn	Director	39,598
Andrew King	Director	19,032
Philip Laubscher	Company Secretary	7,522

Date and place of transaction	22 March 2016, Johannesburg, South Africa
Date of notification to issuer	22 March 2016
Type of option	Long Term Incentive Plan
Option price	Nil cost award
Class of share	Ordinary
Vesting date	After the announcement of the final results for 2018 in early 2019
Performance conditions	One half TSR and one half ROCE each measured over the 3 financial years ending 31 December 2018.
Additional Information	The LTIP award is based on a percentage of the Executive’s salary as approved by the Mondi DLC Remuneration Committee. In line with the standard methodology adopted each year, the number of shares under award is determined with reference to the average share price over three days commencing with the announcement of results.

2.  Conditional awards of shares under the Mondi Bonus Share Plan granted to directors of Mondi Limited and Mondi plc and the Company Secretary of Mondi Limited

Name	Position	Number of Shares
David Hathorn	Director	14,100
Andrew King	Director	6,744
Philip Laubscher	Company Secretary	3,094

Date and place of transaction	22 March 2016, Johannesburg, South Africa
Date of notification to issuer	22 March 2016
Type of option	Bonus Share Plan
Class of share	Ordinary
Option price	Nil cost award
Vesting date	After the announcement of the final results for 2018 in early 2019
Additional Information	The share award under the BSP represents half of the Executive’s total bonus as approved by the Mondi DLC Remuneration Committee. In line with the standard methodology adopted each year, the number of shares under award is determined with reference to the average share price over three days commencing with the announcement of results.

The requisite approval for the granting of the awards has been obtained.

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