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 €6.5 billion and a return on capital employed (ROCE) of 15.3%. The Group’s key operations are located in central Europe, Russia, the Americas and South Africa. It is fully integrated across the paper and packaging process – from growing of wood and the manufacture of pulp and paper (including recycled grades), to the conversion of packaging papers into corrugated packaging and industrial bags. It has primary listings on the Johannesburg Stock Exchange and the London Stock Exchange. It is a constituent of the FTSE 250 Index


Wood
Wood is Mondi’s most important raw material. It is therefore in our interest to ensure that we meet and support the requirements of sustainable forestry practices, from the management of our own forests right through to the procurement of our wood and fibre through the supply chain.


--------------------------------------------------------------------------------

Forestry
As a significant holder and manager of land, particularly in developing countries, and as an operator in an industry that potentially has a high impact on the natural environment, we recognise our stewardship role and responsibility in using natural forestry resources in a sustainable way.

Forests provide a range of goods and services. They serve as habitats for two-thirds of terrestrial animal and plant species; prevent soil erosion and water run-off; maintain the chemical balance of soil, air and water; recycle nutrients; break down pollutants; clean the air and water; are vital to watershed protection and soil formation; and play a major role in regulating climate.

The main factors contributing to deforestation and forest degradation are increased agriculture, illegal logging, population growth, poverty and urbanisation. Primary concerns include deforestation resulting from illegal logging in protected or high conservation value (HCV) areas, and timber obtained from controversial sources.

Although Mondi is involved in the felling of trees, we are not party to deforestation. For every tree felled in our plantation forests, at least one more tree is planted. In our natural forests, felled areas are left to regenerate naturally and poor regeneration is supplemented with plantings. Mondi is not involved in illegal logging, or logging in tropical rainforests, and has strict fibre sourcing controls.

Pulp
Wood is an essential raw material for all of our virgin fibre-based products. From wood fibre we produce pulp, the basic ingredient of all paper and paper-based packaging. We use pulp in our own production and also sell it wholesale to third parties. The pulp for paper-making may be produced from virgin fibre by either chemical or mechanical means, or it may be produced by the re-pulping of recovered paper. In the pulping process, the raw cellulose-bearing material is broken down into its individual fibres. In chemical pulping, chemicals are used to dissolve the lignin and free the fibres.

Recovered paper has become an indispensable raw material for our business and, in 2011, we consumed 1.5 million tonnes of recovered fibre, amounting to 30% of our total pulp consumed.

The pulp and paper manufacturing process also requires a large amount of process water and energy (in the form of steam and electrical power), which makes it an energy- and natural resource-intensive one.


http://www.mondigroup.com/desktopdefault.aspx

6 Oct Davy Research N/A Outperform
6 Oct Credit Suisse 1,960.00 Outperform

MONDI

08 Oct 2015 07:00:00



Mondi PLC



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.

Mondi Group: Interim Management Statement 8 October 2015

This interim management statement provides an overview of the financial performance and financial position of the Group since the half-year ended 30 June 2015, based on management information up to 30 September 2015 and estimated results for October 2015. These results have not been audited or reviewed by Mondi?s external auditors.

Reviewed results for the year ending 31 December 2015 will be published on or around 25 February 2016.

Except as discussed in this interim management statement, there have been no significant events or transactions impacting either the financial performance or financial position of Mondi Group since 30 June 2015 up to the date of this statement.

Group Performance Overview

Third quarter underlying operating profit of ?221 million was 27% above the comparable prior year period (?174 million) with a good performance from all business units and strong incremental contributions from Packaging Paper, Uncoated Fine Paper and the South Africa Division. As anticipated, underlying operating profit was 13% lower than the second quarter, reflecting the impact of planned maintenance shuts in a number of key operations and the usual seasonal slowdown in demand in certain segments.

Selling prices in local currency terms for most of the Group?s key paper grades were generally stable to higher versus both the second quarter and the comparable prior year period. Like-for-like sales volumes were up on the comparable prior year period with the exception of kraft paper, which was impacted by softer demand in certain export markets and the closure of the Lohja plant in the first half.

Among the key input costs, wood, energy and chemical costs remained stable in local currency terms, while average benchmark European paper for recycling costs rose by 13% over the previous quarter. Polyethylene prices remain volatile, with the average price level higher than the prior quarter.

There was a mixed impact in the period from currencies to which the Group is exposed. The South Africa Division benefited from the weaker rand against both the US dollar and euro while the weakening of the Russian rouble during the third quarter had a net negative translation effect on the profits from the domestically focused uncoated fine paper business.

During the third quarter, a number of planned maintenance shuts took place at various containerboard, kraft paper and uncoated fine paper operations. In the fourth quarter, maintenance shuts are planned at the Group?s Swiecie and Steti mills. For the full year, based on prevailing selling prices, the impact of maintenance shuts on underlying profit is still expected to be around ?90 million, of which the third quarter effect was around ?35 million (?70 million year-to-date).

Divisional Overview

In Packaging Paper, the containerboard business benefited from higher average selling prices versus both the comparable prior year period and the previous quarter, offset in part by higher paper for recycling costs. Average benchmark European virgin containerboard prices increased by 2% and recycled containerboard by 5% over the previous quarter as previously announced price increases came into effect. Demand remains good in all grades.

While European kraft paper markets remain stable, sack kraft export volumes are under some pressure due to a combination of political instability in the middle-east and north Africa and a slowdown in demand in certain south-east Asian markets.

The Fibre Packaging business benefited from volume growth and a reduction in fixed costs versus the comparable prior year period as a result of commercial excellence initiatives and the benefits of completed restructuring activities. Corrugated Packaging margins were negatively impacted by rising recycled containerboard input costs. The integration of the bags business acquired in the US continues to progress according to plan. The expected seasonally weaker demand in Industrial Bags will lead to lower profitability in the fourth quarter compared to the third quarter.

The Consumer Packaging business continues to make good progress with higher like-for-like sales volumes and improved margins versus the comparable prior year period. During the quarter, the sale of non-core operations in Germany and Malaysia was completed, in line with the Group?s strategy of focusing on higher-value added segments. In September, the Group announced that it had signed an agreement for the acquisition of Ascania nonwoven Germany GmbH for ?45 million, strengthening Mondi?s position as a preferred supplier of hygiene components. Completion remains subject to competition clearance.

Uncoated Fine Paper was impacted by the usual seasonal weakness in the third quarter, planned maintenance shuts and the weaker Russian rouble. Average European benchmark selling prices were up around 1% over the previous quarter. Price increases of between ?25/tonne and ?50/tonne depending on grade were successfully implemented in Europe during the quarter, while a price increase of 5% has been announced for the Russian market from October. The unintegrated mills in Austria remain under pressure from higher euro pulp prices.

The South Africa Division benefited from higher average domestic selling prices, higher export prices for hardwood pulp and currency gains. As anticipated, fair value gains on forestry assets were lower than both the previous quarter and the comparable prior year period.

Capital investment projects

Good progress is being made on the Group?s major capital investment projects although the ramp-up of the recently rebuilt paper and in-line coating machine at the Group?s Steti mill in the Czech Republic is slower than anticipated. As a consequence, the Group expects to deliver an incremental ?50 million contribution (previously ?60 million) to underlying operating profit in 2015 from its capital investment programme.

In July 2015, the first phase of the ?166 million Swiecie recovery boiler project in Poland was commissioned according to schedule, and a number of the smaller projects intended to modernise some packaging paper and converting operations have been completed and are in the process of ramp-up and optimisation.

Cash flow and financing activities

Strong cash generation from operating activities more than offset the cash outflows related to the Group?s capital expenditure programme and financing activities, resulting in a reduction in net debt during the quarter, with further deleveraging expected by the end of the year.

Finance charges were lower than that of the preceding quarter and the comparable prior year period, primarily due to lower average net debt levels and a reduction in exposure to higher-cost Russian rouble denominated debt.

There have been no significant changes in the Group?s borrowing facilities since 30 June 2015.

Summary

The Group continues to deliver strongly, benefiting from stable to higher selling prices in a number of key grades and the contributions from its capital investment programme. Currency volatility has had a limited impact on the Group, while costs remain generally stable. With our robust business model, clear strategic focus and culture of continuous improvement, management remains confident of continuing to deliver industry leading performance and making good progress for the year.

Capital Markets Day

On 3 November 2015 Mondi will host a Capital Markets Day in London to give investors and analysts further insight into Mondi?s business, growth strategy and capital expenditure programme. Presenters will include the Group Executive Committee and CEOs of the Group?s primary business units. All presentations will be made available on the Group?s website.

MONDI

08 Oct 2015 11:45:34



Mondi PLC



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.

8 October 2015

Error Correction: Interim Management Statement 8 October 2015

The reference to the acquisition price of Ascania nonwoven Germany GmbH (?Ascania?) in the Interim Management Statement should have read ?54 million (not ?45 million as stated).

Full details of the acquisition of Ascania were set out in the Mondi Group announcement published on 18 September 2015.

8 Oct Davy Research N/A Outperform
8 Oct Goodbody N/A Hold
8 Oct Deutsche Bank 1,750.00 Buy

Questor-share-tip-Hold-Mondi-after-strong-third-quarter.

Market Buzz

Friday newspaper share tips: Looking inside Mondi's packaging

Fri, 09 October 2015



(ShareCast News) - After Mondi released its third quarter results on Thursday, the newspaper pundits have opened the packaging and had a look inside to offer their insight.
Yesterday The Telegraph's Questor noted that shares in the FTSE 100 packaging and paper giant have drifted down since August after fears Europe is slowing down as well as a note from Goldman Sachs in September advising traders to sell.

Despite the shares being exposed to the rollercoaster of the business cycle due to the company's fixed cost-base, Questor thinks it should be able to negotiate a tougher trading environment.

It said Mondi has more than doubled its profits and dividend in the last four years, but the problem now is it's looking expensive.

"In the year to date the shares have gained 38pc compared to the FTSE 100 down 3pc, and are now trading on 15 times forecast earnings per share."

Questor thought it was a solid company but the rating feels too high for a "cyclical industry play". It is sticking with its hold recommendation which it advised in August.

The Times' Tempus is taking a slightly more optimistic view, saying the company defied fears after it posted a 27% rise in underlying third quarter profit and highlighted a good performance from all its business units. It noted input prices are stable, paper prices across the range are stable to rising, and volumes are up.

It also highlighted that the company has some ambitious spending plans, with €1.15bn a year for the next two years covered by cashflow.

"The question is when it will have excess capital to hand back to investors, and this will depend on spending plans in 2017 and 2018, to be decided next year and themselves dependent on the state of the market."

Tempus said the shares have come up a long way and aren't cheap, but recommends it's a long term buy.

28 Oct Davy Research N/A Outperform

12 Feb Deutsche Bank 1,650.00 Buy
11 Feb Investec 1,700.00 Buy

Trading Statement
PRN
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 Mondis Interim Management Statement released on 8 October 2015, the Groups 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 Groups 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 Mondis auditors.

End

17 Feb Deutsche Bank 1,650.00 Buy

Final Results

Full year results for the year ended 31 December 2015

Highlights

Excellent financial performance
Significant profit improvements across all business units
Underlying operating profit of �957 million, up 25%
Underlying earnings of 133.7 euro cents per share, up 25%
Cash generated from operations of �1,279 million, up 24%
Return on capital employed of 20.5%
Capital projects delivering growth
Completed major projects delivering to plan, contributing incremental �50 million to underlying operating profit in 2015
Strong capital investment pipeline: �450 million in major projects approved and in progress
Ongoing portfolio optimisation and refinement
Acquisitions totalling �94 million to enhance product offering in Consumer Packaging
Closure of six operations and sale of a further four operations to optimise cost structures and refine product mix
Significant progress made against our five-year sustainable development commitments
Recommended full year dividend of 52.0 euro cents per share, up 24%

Trading Update

PRN


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.

Mondi Group: Trading update 12 May 2016

This trading update provides an overview of our financial performance and financial position since the year ended 31 December 2015, based on management information up to 31 March 2016 and estimated results for April 2016. These results have not been audited or reviewed by Mondis external auditors.

Reviewed results for the half-year ending 30 June 2016 will be published on or around 4 August 2016.

Except as discussed in this update, there have been no significant events or transactions impacting either the financial performance or financial position of the Group since 31 December 2015 up to the date of this statement.

Group performance overview

Underlying operating profit for the first quarter of 2016 of EUR269 million was 14% above the comparable prior year period (EUR236 million). Strong contributions from Consumer Packaging, Uncoated Fine Paper and the South Africa Division more than offset the impact of lower selling prices in certain Packaging Paper segments and margin pressure in Fibre Packaging. Underlying operating profit was up 9% on the fourth quarter of 2015 (EUR246 million).

On a like-for-like basis, sales volumes were in line with the comparable prior year period, with lower volumes in the industrial bags segment offset by good growth in Consumer Packaging.

Selling prices for the Groups main paper grades were, on average, up on the comparable prior year period, with strong gains in Uncoated Fine Paper, and more modest gains in the South Africa Division and containerboard, partly offset by lower kraft paper prices.

Wood and chemical input costs were at similar levels to the comparable prior year period while paper for recycling costs were up 15%, but broadly unchanged from the fourth quarter of 2015. Energy costs were lower, driven by generally lower raw material input costs and the benefits from the green energy investments at Swiecie, Poland, completed in the second half of 2015.

Currency movements had a net negative impact versus the comparable prior year period, with the benefits of weaker emerging market currencies in our export oriented businesses more than offset by the impact of the weaker rouble on our domestically focused uncoated fine paper operations in Russia.

There were no significant planned maintenance shuts during the first quarter. In the comparable prior year period the impact of maintenance shuts on operating profit was estimated at around EUR17 million. Based on prevailing market prices, we continue to estimate that the impact of planned maintenance shuts on operating profit for 2016 will be around EUR70 million, of which around EUR25 million will be incurred in the first half of the year (EUR35 million in the first half of 2015).

Divisional overview

In Packaging Paper, selling prices for the containerboard grades were marginally up on average over the comparable prior year period but down on the prior quarter. While demand remains solid, increased supply from new capacity in Europe and competition from importers benefiting from weak emerging market currencies resulted in lower selling prices for unbleached kraftliner. Average benchmark European kraftliner prices were down 3.4% on the previous quarter, and at similar levels to the comparable prior year period. Benchmark selling prices for white-top kraftliner were marginally down on the previous quarter, while recycled containerboard prices were down 1.8% on the previous quarter, but 5.2% above the comparable prior year period. Given sustained good demand and a strong order position, we have announced a price increase of EUR40/tonne for all kraftliner and kraft-top liner grades from 6 June 2016.

Sales volumes for sack kraft paper remained at similar levels to the comparable prior year period. As previously indicated, demand softness in a number of export markets and seasonal weakness in European markets towards the end of the prior year lead to average selling prices for sack kraft paper produced in Europe declining by 5-6% in the early part of 2016. Demand has since improved in the important export markets of south east Asia and the Middle East and pricing remains stable.

In Fibre Packaging, continued strong cost management, the benefits of restructuring and rationalisation activities and contributions from capital investments provided some offset to negative currency effects and lower sales volumes in Industrial Bags, which has been impacted by capacity rationalisation and challenging market conditions in the US.

On 26 April 2016, the acquisition of SIMET S.A., a corrugated plant in Poland, was completed. The plant will be upgraded to a high-efficiency box plant, improving our customer offering and supporting the strong growth in the region.

The Consumer Packaging business continued to make good progress. Good volume growth, coupled with incremental improvements in fixed costs and the benefits from acquisitions completed at the end of 2015 contributed to the improved performance.

Uncoated Fine Paper performed strongly with higher average selling prices and stable volumes versus the comparable prior year period offsetting the negative impact of the weaker rouble. European prices have stabilised following the increases seen in the second half of 2015, with the benefits of industry capacity rationalisation in the prior year offset by subdued demand in the first quarter. Average benchmark selling prices in Europe were up 2.8% on the comparable prior year period and in line with prices in the fourth quarter of 2015.

The South Africa Division benefited from higher average selling prices for uncoated fine paper, pulp and white-top kraftliner, currency gains and higher fair value gains on forestry than the comparable prior year period. Pulp prices have shown some softness from the highs seen in the prior year, with the average US dollar benchmark price down 5% on the previous quarter. In 2015, the Richards Bay maintenance shut took place in the first quarter of the year, while in 2016 the shut is planned for the final quarter.

Capital investment projects

Good progress is being made on our previously announced major capital investment projects at our high-quality, low-cost operations in central Europe and South Africa. These projects remain on schedule and on budget.

Capital expenditure for the year is expected to remain in line with previous guidance of between EUR400 million and EUR450 million.

Cash flow and financing activities

On 14 April 2016 we issued a 1.5% EUR500 million Eurobond with an 8 year term under our European Medium Term Note Programme, thereby extending the Groups maturity profile and ensuring ample liquidity.

Strong cash generation from operating activities more than offset the cash outflows related to our capital expenditure programme and financing activities, resulting in a reduction in net debt during the quarter.

Finance charges were lower than those of the previous quarter and the comparable prior year period, mainly due to lower average net debt levels and mix effects.

There have been no other significant changes in the Groups borrowing facilities since 31 December 2015.

Outlook

As anticipated, we have seen some price weakness in certain of our packaging paper grades. However, demand for these products remains strong and we believe the fundamentals remain robust. Furthermore, we continue to benefit from higher uncoated fine paper prices, lower energy and related input costs and the incremental contributions from our recently completed capital investment projects, together with the stability afforded by our downstream converting businesses.

Our outlook remains positive and we are confident of delivering in line with our expectations

Acquisition(s)

PRN


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

2 June 2016

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

Mondi Group signs agreement to acquire Kalenobel

Mondi Group has signed an agreement for the acquisition of 90% of the outstanding share capital in Kalenobel* from ARGUS Capital, a CEE focused private equity group, and M. Olcay Hephiz, one of the companys founders, for a consideration of around EUR90 million on a debt-and-cash-free basis (consideration for 90% of the business).

Established in 1955, Kalenobel is a Turkish consumer packaging company focused on the manufacture of flexible consumer packaging for ice cream and other applications as well as aseptic cartons. The company is headquartered in Istanbul and operates two manufacturing sites northwest of the city.

Kalenobel serves both international FMCG companies as well as regional food and beverage producers. The company exports approximately half of its production, mainly to Western Europe, the Middle East and North Africa.

Commenting on the acquisition, David Hathorn, Chief executive of Mondi Group, said: The acquisition of Kalenobel supports the growth of our Consumer Packaging business, broadening our product portfolio and geographic reach to better serve our customers in high-growth markets.

The transaction remains subject to competition clearance and other customary closing conditions and is expected to complete during the second half of 2016.

* Kale Nobel Ambalaj Sanayi ve Ticaret Anonim Sirketi.

Acquisition(s)

PRN


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

11 July 2016

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

Mondi Group signs an agreement to acquire Uralplastic

Mondi Group has signed an agreement to acquire 100% of the outstanding share capital of ZAO Uralplastic-N (Uralplastic) from Joint Stock Company Rusnano and a private investor.

Uralplastic operates one plant near Ekaterinburg, in the Ural region of Russia and manufactures a range of consumer flexible packaging products for food, hygiene, homecare and other applications. The company serves both local and international customers. For the year ended 31 December 2015 Uralplastic generated revenues of RUB1,988 million (EUR 29.2 million) and adjusted EBITDA of RUB318 million (EUR 4.7 million).

Commenting on the acquisition, David Hathorn, Chief executive of Mondi Group, said: The acquisition of Uralplastic supports the development of our Consumer Packaging business and strengthens our presence in the Russian consumer packaging market, complementing our existing plant in Pereslavl, near Moscow and allowing us to improve our offering to customers in this growing market.

The transaction is expected to complete in July 2016.

Contact:

Mondi Group
Lora Rossler
Group Head of Communications
Tel: +27 (0)31 451 2111 or +27 (0)83 627 0292
E-mail:lora.rossler@mondigroup.co.za


Andrew King
Group CFO
Tel: +27 (0)11 994 5415
E-mail:andrew.king@mondigroup.com

We are Mondi: In touch every day

At Mondi, our products protect and preserve the things that matter.

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, end consumers and industrial end uses - touching the lives of millions of people every day. In 2015, Mondi had revenues of 6.8 billion and a return on capital employed of 20.5%.

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 and is 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

Trading Statement

PRN


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 Guidance and Transparency and Listing Rules of the United Kingdom Listing Authority.

26 July 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 half year ended 30 June 2016, which will be released on 4 August 2016. It can now be confirmed that underlying operating profit for the half year ended 30 June 2016 is expected to be above that of the comparable prior year period of EUR490 million.

There have been no special items in the six months ended 30 June 2016. In the six months ended 30 June 2015, the Group recognised a net special item charge after tax of EUR36 million.

Accordingly, Mondi advises that it expects earnings per share (EPS) for the half year ended 30 June 2016 to be within the ranges shown below:

•basic underlying EPS (euro cents) 73 to 77 (2015: 67.8), an increase of between 8% and 14%


•basic EPS (euro cents) 73 to 77 (2015: 60.3), an increase of between 21% and 28%


•basic headline EPS (euro cents) 73 to 77 (2015: 60.1), an increase of between 21% and 28%


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 Groups underlying performance. 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.

Interim Result
04 Aug 16 Mondi PLC [MNDI]

Half year report

Half-yearly results for the six months ended 30 June 2016

Highlights

" Continued strong financial performance on all key metrics
• Underlying operating profit of �529 million, up 8%
• Underlying earnings of 75.0 euro cents per share, up 11%
•Cash generated from operations of �620 million, up 15%
•Return on capital employed of 21.2%

" Capital projects continue to deliver growth

" Strategic acquisitions enhance packaging portfolio

" Interim dividend declared of 18.81 euro cents per share

4 Aug Davy Research N/A Outperform
4 Aug Goodbody N/A Buy

Ex dividend Wed 17 Aug 0.19 euro

2016 Interim Dividend euro/sterling Exchange Rate

PRN


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 and/or the Disclosure Guidance and Transparency Rules and Listing Rules of the United Kingdom Listing Authority.

26 August 2016

Mondi Group 2016 Interim Dividend euro/sterling Exchange Rate

Mondi announced on 4 August 2016 that Mondi Limited and Mondi plc will pay their respective dividends on 13 September 2016 as follows:

Mondi Limited

Mondi Limited will pay its dividend in South African rand cents. The applicable exchange rate is EUR 1 to ZAR 15.35580.

Therefore, the equivalent gross interim dividend in rand cents per ordinary share will be 288.84260.

Mondi plc

Mondi plc will pay its dividend in euro (18.81 euro cents per ordinary share).

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 was 19 August 2016. It was stated in the announcement on 4 August 2016 that the exchange rate for this payment would be set today. Accordingly, it is confirmed that sterling dividend payments will be converted at a rate of EUR 1 to GBP 0.85448. Therefore, the equivalent interim dividend in pence per ordinary share will be 16.07277.

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 15.35580. Therefore, the equivalent gross interim dividend in rand cents per ordinary share will be 288.84260.

Information relating to the dividend tax applicable to Mondi Limited shareholders and Mondi plc South African branch register shareholders can be found in the ZAR/euro exchange rate announcement released by Mondi on 4 August 2016.

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