2022 Interim Dividend ZAR/euro Exchange Rate

Mondi plc

Incorporated in England and Wales

Registered number: 6209386

Tax registration number: 454 12394 14454

LEI: 213800LOZA69QFDC9N34

LSE share code: MNDI    ISIN: GB00B1CRLC47

JSE share code: MNP

4 August 2022

Mondi Group – 2022 Interim Dividend ZAR/euro Exchange Rate

This morning in our half-year results announcement we announced that an interim dividend for the year ending 31 December 2022 of 21.67 euro cents per ordinary share will be paid on Thursday 29 September 2022 to all Mondi plc ordinary shareholders on either the UK main register or the South African branch register on Friday 26 August 2022.

Mondi plc will pay its dividend in euro. 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 will be Monday 12 September 2022. The exchange rate will be set on Friday 16 September 2022.

Shareholders holding their shares on the South African branch register will receive the dividend in South African rand cents, converted at a rate of EUR 1 to ZAR 17.10848. Therefore, the equivalent gross interim dividend in rand cents per ordinary share will be 370.74076.

For shareholders holding their shares on the South African branch register, the dividend will, for South African dividends tax purposes, be taxed like local dividends.  As such, for South African tax resident shareholders holding their shares on the South African branch register, dividends withholding tax will be withheld from the dividends payable to these shareholders at a rate of 20%, unless a shareholder qualifies for an exemption, resulting in a net dividend of 296.59261 rand cents per ordinary share. Shareholders holding their shares on the South African branch register who are not tax resident in South Africa are exempted from South African dividends withholdings tax.

For the purposes of South Africa dividends tax reporting, the source of income for the payment of the dividend is the United Kingdom.

Additional Information

The interim dividend will be paid from income reserves.

Mondi plc had a total of 485,553,780 ordinary shares in issue of which 187,165,651 were held on the branch register, excluding treasury shares, at the dividend declaration date of 4 August 2022.

About Mondi

Mondi is a global leader in packaging and paper, contributing to a better world by making innovative solutions that are sustainable by design. Our business is integrated across the value chain – from managing forests and producing pulp, paper and films, to developing and manufacturing sustainable consumer and industrial packaging solutions using paper where possible, plastic when useful. Sustainability is at the centre of our strategy, with our ambitious commitments to 2030 focused on circular driven solutions, created by empowered people, taking action on climate.

In 2021, Mondi had revenues of €7.0 billion and underlying EBITDA of €1.2 billion from continuing operations, and employed 21,000 people worldwide. Mondi has a premium listing on the London Stock Exchange (MNDI), where the Group is a FTSE100 constituent, and also has a secondary listing on the JSE Limited (MNP).

Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a BofA Securities.