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)

JSE share code: MNP ISIN: GB00B1CRLC47

LSE share code: MNDI

29 March 2016

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 and Transparency Rules of the United Kingdom Listing Authority.

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

Mondi plc

2. Reason for notification

Holding decreased below 6%

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

Coronation Asset Management (Pty) Ltd

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):

29 March 2016

6. Date on which issuer notified:

29 March 2016

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

6%

8. 9. Notified details:

A:  Voting rights attached to shares

Class/type of shares	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	No. of shares	No. of Voting Rights	No. of shares	No. of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
GB00B1CRLC47	22,044,487	22,044,487	21,762,827	21,762,827	N/A	5.93%	N/A

B:  Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
N/A

C:  Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Exercise Price	Expiration date	Exercise/ Conversion Period	Number of voting rights instrument refers to	% of voting rights
					Nominal	Delta
N/A

Total (A+B+C)

Number of voting rights	% of voting rights
21,762,827	5.93%

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:

Coronation Asset Management (Pty) Ltd

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