Upgrade of Moody's Long Term Credit Rating to Baa2

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)
(Registration 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 and/or the Disclosure and Listing Rules of the United Kingdom Listing
Authority.

30 October 2014

Upgrade of Moody's Long Term Credit Rating to Baa2

Mondi Group is pleased to announce that Moody's Investors Service has upgraded
the Group's credit rating to Baa2 from Baa3.

Referring to the improvement in the Group's credit rating, Andrew King, Mondi's
Chief Financial Officer, commented, "We welcome Moody's upgrade of our credit
rating as recognition of the Group's high quality, low cost and well
diversified asset base.  It is further testament to the robustness of the
Group's business model and the ability of the business to generate strong
cashflows through the business cycle."

Contact details:

James Paterson   [phone]
Andrew King      [phone]
Lora Rossler     [phone]

About Mondi

Mondi is an international packaging and paper Group, employing around 26,000
people in production facilities across 31 countries. In 2013, Mondi had
revenues of EUR6.5 billion and a ROCE of 15.3%. The Group's key operations are
located in central Europe, Russia, the Americas and South Africa.

The Mondi Group is fully integrated across the packaging and paper value chain
- from the management of its own forests and the production of pulp and paper
(packaging paper and uncoated fine paper), to the conversion of packaging paper
into corrugated packaging, industrial bags, extrusion coatings and release
liner. Mondi is also a supplier of innovative consumer packaging solutions,
advanced films and hygiene products components.

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. The
Group's performance, and the responsible approach it takes to good business
practice, has been recognised by its inclusion in the FTSE4Good Global,
European and UK Index Series (since 2008) and the JSE's Socially Responsible
Investment (SRI) Index since 2007.

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