Trading Statement

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 (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.

16 February 2016

Mondi Group: Trading Statement

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period.

Mondi is currently finalising its results for the year ended 31 December 2015 which will be released on 25 February 2016.  As indicated in Mondi’s Interim Management Statement released on 8 October 2015, the Group’s underlying operating profit for the first nine months of 2015 of EUR711 million was 29% above that of the comparable prior year period of EUR551 million.  It can now be confirmed that underlying operating profit for the year ended 31 December 2015 is expected to be above that achieved in 2014 (EUR767 million).

In the prior year, the Group recognised a net special item charge after tax of EUR48 million.  The equivalent special item charge for the year ended 31 December 2015 is expected to be around EUR47 million, of which EUR36 million was recognised in the first half.  In the second half of the year, additional restructuring and closure costs and related impairments as well as provision for settlement of a legal case relating to the 2012 acquisition of Nordenia were recognised.

Accordingly, Mondi advises that it expects earnings per share (EPS) for the year ended 31 December 2015 to be within the ranges shown below:

• basic earnings per share (euro cents) 121-126 (2014 97.4), increasing between 24% and 29%

• basic headline earnings per share (euro cents) 121-126 (2014 99.5), increasing between 22% and 27%

• basic underlying earnings per share (euro cents) 131 - 136 (2014 107.3), increasing between 22% and 27%

Mondi has disclosed basic underlying EPS, which is defined as basic EPS excluding the impact of special items, as the directors believe this provides a useful additional measure of the Group’s underlying performance.  Special items are those items of financial performance that the Group believes should be separately disclosed to assist in the understanding of the underlying financial performance achieved by the Group.  Mondi has disclosed basic EPS which includes the effect of special items.  The disclosure of basic headline EPS is required under the Listings Requirements of the JSE Limited and has been calculated in accordance with Circular 2/2015 as issued by the South African Institute of Chartered Accountants.

The above information has neither been reviewed nor audited by Mondi’s auditors.

End

Contact details:

Mondi Group
Andrew King	[phone]
Lora Rossler	[phone]
FTI Consulting
Richard Mountain	[phone]

Editors’ notes

We are Mondi: In touch every day

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 and end consumers. In 2014, Mondi had revenues of EUR6.4 billion and a return on capital employed of 17.2%.

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.  We don’t just talk about sustainability; we make it 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