Acquisition(s)

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                                                           

11 July 2012

As part of the dual listed company structure, Mondi Limited and Mondi plc
(together "Mondi Group" or the "Group") notify both the JSE Limited ("JSE") and
the London Stock Exchange ("LSE") of matters required to be disclosed under the
JSE Listings Requirements and/or the Disclosure Rules and Transparency Rules
and/or the Listing Rules of the United Kingdom Listing Authority.

MONDI GROUP TO ACQUIRE 93.4% OF NORDENIA INTERNATIONAL AG

Mondi Group, a leading international paper and packaging company, is pleased to
announce it has agreed to acquire 93.4% of the outstanding share capital of
Nordenia International AG ("Nordenia" or the "Company") from funds managed by
Oaktree Capital Management, L.P.1 ("Oaktree") and certain other minority
shareholders for a total cash consideration of EUR240 million (the
"Acquisition"). In addition, Mondi Group will assume EUR398 million of debt and
debt-like liabilities2 implying an enterprise value for 100% of the Company of
EUR655 million3.

Nordenia is an international supplier of innovative consumer packaging
solutions and hygiene components with 12 fully invested operating facilities
located in seven countries across Europe, North America and Asia. Additionally,
a wholly owned greenfield plant currently being constructed in China is
expected to begin operating in early 2014. Based on Nordenia's EBITDA4 and
EBIT4 for the year ended 31 December 2011 of EUR99 million and EUR70 million,
respectively, the implied enterprise value equates to 6.6 times 2011 EBITDA and
9.3 times 2011 EBIT.

The EUR240 million cash consideration payable for the Acquisition will be
funded from a new EUR250 million two year committed bank debt facility.

The Acquisition is expected to complete in the fourth quarter of 2012, subject
to customary completion conditions including the approval of certain
competition authorities.

Commenting on the Acquisition, David Hathorn, Chief Executive of Mondi Group,
said:

"The acquisition of Nordenia offers Mondi Group a unique opportunity to create
a leading consumer packaging business, build on long term customer
relationships across both businesses and establish a platform to expand further
in high-growth emerging markets".

ABOUT NORDENIA

Nordenia is a leading supplier of innovative consumer packaging solutions and
hygiene components. Consumer packaging solutions contribute approximately 60%
of Nordenia revenues, and include re-closable bags, stand-up pouches, advanced
films and laminates for mainly fast moving consumer goods ("FMCG"). Hygiene
components contribute approximately 40% of Nordenia revenues, and include
diaper components and film-based feminine hygiene release liner. In 2011, sales
to the FMCG sector accounted for over 90% of Nordenia revenues.

Nordenia is an international business with 12 fully invested operating
facilities located in seven countries across Europe, North America and Asia.
Additionally, a wholly owned greenfield plant currently being constructed in
China is expected to begin operating in early 2014. Over 30% of Nordenia's
revenues in 2011 were generated in high-growth emerging markets.

Nordenia maintains its competitive advantage through an innovative approach to
product development and being vertically integrated across the value chain. The
Company's leading product portfolio and service offering has resulted in
Nordenia enjoying strong and deep relationships across a broad blue chip client
base. These core relationships are reinforced by a focus on customer needs and
support, underpinned by Nordenia's highly successful key account management
system. The result is a very stable and long term client base, with Nordenia's
top 10 clients having been customers for 19 years on average. Nordenia's
largest customer, Procter & Gamble, which accounted for 37% of revenues in
2011, has been a Nordenia customer for over 30 years.

Nordenia has a strong and stable management team, led by Ralph Landwehr (CEO),
Andreas Busacker (CFO) and Andreas Picolin (COO), with a track record of
developing and expanding Nordenia's operations. The Company has grown strongly
and consistently under their direction, and revenue has increased by 6% per
annum on average over the last 14 years. Nordenia has a highly resilient
business model and flexible cost structure which has resulted in robust, double
digit EBITDA margins. For the year ended 31 December 2011, Nordenia generated
revenues of EUR881 million, EBITDA4 of EUR99 million and net earnings of EUR14
million. As at 31 December 2011, Nordenia had gross assets of EUR504 million.

As part of the Acquisition, Mondi Group will assume Nordenia's EUR280 million
bond, which has a coupon of 9.75% and is due in 2017. Bond holders have an
option to put the bond to Mondi Group on completion of the Acquisition. Mondi
Group has the option to repay the bond early, subject to a make whole premium
during the period to July 2014.

Following the completion of the Acquisition, Mondi Group will reorganise its
Europe & International Division into four businesses. These will be Uncoated
Fine Paper ("UFP"), Packaging Papers, Fibre Packaging and Consumer Packaging.
Nordenia will form part of the Consumer Packaging business which will be led by
Ralph Landwehr. Further details of the Group's restated historical segmental
information will be given at the time of the Group's half yearly results
announcement.

ABOUT MONDI GROUP CONSUMER PACKAGING

Mondi Group's existing Consumer Packaging business produces pre-made bags,
re-closable bags, stand-up pouches and advanced films and laminates, primarily
for the packaging of consumer goods. For the year ended 31 December 2011, Mondi
Group's Consumer Packaging business5 generated revenues of EUR281 million,
EBITDA of EUR30 million and return on capital employed ("ROCE") of 17%.

RATIONALE FOR THE ACQUISITION

The acquisition of Nordenia offers significant benefits and opportunities for
Mondi Group:

  * Creates a leading consumer packaging business through the combination of
    Nordenia and Mondi Group's existing consumer packaging activities
   
  * Enables the Group to build on deep, long-term customer relationships across
    both businesses
   
  * Brings an established platform in high-growth emerging markets. Mondi Group
    expects to capitalise on Nordenia's leading technology, product portfolio,
    customer know-how and manufacturing capability to expand further in these
    regions
   
  * Is expected to deliver pre-tax cost synergies in excess of EUR15 million
    per annum by 2014, in addition to the potential revenue opportunities
    created by the combination
   
FINANCIAL EFFECTS OF THE ACQUISITION

  * The implied enterprise value of EUR655 million represents 6.6 times 2011
    EBITDA4 and 9.3 times 2011 EBIT4
   
  * The combination is expected to result in pre-tax cost synergies in excess
    of EUR15 million per annum by 2014
   
  * The Acquisition is expected to be underlying earnings enhancing immediately
    and double digit underlying earnings enhancing by 2014, including cost
    synergies6
   
  * ROCE for the Acquisition is expected to be in excess of Mondi Group's
    through-the-cycle target of 13% by 2014, including synergies
   
  * Mondi Group expects to maintain its investment grade credit rating of Baa3/
    BBB-
   
  * Post the Acquisition, pro-forma 2011 net debt to EBITDA7 is expected to be
    approximately 1.7 times and Mondi Group will have remaining undrawn
    committed bank facilities of in excess of EUR500 million
   
  * Mondi Group's dividend policy of 2 to 3 times cover through-the-cycle will
    be unchanged
   
1 Acquired from OCM Luxembourg Nordenia POF S.a r.l. and OCM Luxembourg Nordenia
OPPS S.a r.l., each an entity controlled by funds managed by Oaktree

2 Debt at book value. Debt-like liabilities include factoring debt, pension
liabilities and certain other net financial liabilities

3 Under German company law, if a shareholder acquires over 90% in a company, the
shareholder is entitled to subsequently acquire a 100% interest in such company

4 Operating profit before depreciation and amortisation ("EBITDA") and operating
profit ("EBIT") adjusted for implied factoring facility interest of EUR1m

5 Pro forma Mondi Group Consumer Packaging 2011 revenues, EBITDA and ROCE
excluding Unterland

6 Calculated on the base of Mondi Group's 2011 underlying earnings per share

7 2011 pro forma net debt to EBITDA based on 2011 reported financials adjusted
for the full year effects of the acquisitions of Swiecie minorities and
Nordenia

UNAUDITED PRO FORMA FINANCIAL EFFECTS

In accordance with the provisions of the JSE Listings Requirements, the
unaudited pro forma financial effects set out below are included for the
purpose of illustrating the effects of the Acquisition on Mondi Group's
underlying earnings, basic earnings from continuing operations, basic earnings
from continuing and discontinued operations, headline earnings, net asset value
and tangible net asset value per ordinary share, for the year ended 31 December
2011 as if such transaction had occurred on 1 January 2011 for income statement
purposes and 31 December 2011 for statement of financial position purposes.
These unaudited pro forma financial effects are the responsibility of the
directors and have been prepared in accordance with the guidelines issued by
the South African Institute of Chartered Accountants.

These unaudited pro forma financial effects are presented for illustrative
purposes only and because of their nature, may not give a fair reflection of
Mondi Group's financial position nor the effect on future earnings following
the Acquisition:

Per Mondi Group Ordinary Share (EUR cents)     Before       After     Percentage
                                                                                
                                            Acquisition3 Acquisition4   Change  
                                                                                
Underlying earnings 1                           73.3         75.2        2.6    
                                                                                
Basic earnings from continuing operations       62.7         62.7         -     
                                                                                
Basic earnings from continuing and              71.3         71.3         -     
discontinued operations                                                         
                                                                                
Headline earnings 2                             75.2         75.2         -     
                                                                                
Diluted underlying earnings 1                   72.5         74.3        2.5    
                                                                                
Diluted earnings from continuing operations     62.0         62.0         -     
                                                                                
Diluted earnings from continuing and            70.5         70.5         -     
discontinued operations                                                         
                                                                                
Diluted headline earnings 2                     74.3         74.3         -     
                                                                                
Net asset value                                 5.69         5.68       (0.2)   
                                                                                
Tangible net asset value                        5.19         4.57       (11.9)  
                                                                                
1. Underlying earnings per share exclude the impact of special items and        
transaction costs related to the Acquisition                                     
                                                                                
2. The presentation of headline earnings per share is mandated under JSE        
listings requirements. Headline earnings has been calculated in accordance with 
Circular 3/2009, 'Headline Earnings', as issued by the South African Institute  
of Chartered Accountants                                                        
                                                                                
3. The Group financial information has been extracted, without adjustment, from 
the Group's audited results for the year ended 31 December 2011 and adjusted as 
published on 2 April 2012 in the announcement of the pro-forma effects of the   
acquisition of the non-controlling interest of Mondi Swiecie S.A.               
                                                                                
4. The adjustments to earnings include the following main items:                
                                                                                
- The combination of the existing Mondi Group with that of Nordenia (excluding  
synergies)                                                                      
                                                                                
- Estimated transaction costs of EUR9                                           
million                                                                         
                                                                                
- The estimated finance charges associated with the financing of the            
consideration                                                                   
                                                                                
- Taxation rate of 26.5% is applied                                             
                                                                                
- The excess of the purchase price of EUR240 million for a 93.4% interest over  
the negative net assets of EUR51 million acquired as reflected in the audited     
financial statements of Nordenia has been preliminarily recognised as a         
combination of intangible assets and goodwill for purposes of these pro-forma   
figures. Fair values of the underlying assets acquired and liabilities assumed  
will be determined following completion of the Acquisition                      

FURTHER INFORMATION ON THE ACQUISITION AND MONDI GROUP

The Acquisition is categorised as a Category 2 transaction as defined by the
JSE's Listings Requirements and as a Class 2 transaction as defined by the UK
Listing Authority's Listing Rules and does not require shareholders' approval.

The effective date of the Acquisition will be determined upon fulfilment of the
aforementioned conditions, which is expected in the fourth quarter of 2012.
Mondi Group shareholders will be advised when all the conditions precedent have
been fulfilled and the Acquisition becomes effective.

A conference call for analysts and institutional investors will be held today
at 9am BST, 10am CET, details of which are set out below. A copy of the
presentation will be made available on Mondi Group's website
(www.mondigroup.com/announcement11July) 30 minutes before the conference call
commences.

Mondi Group has received financial advice from Rothschild in relation to the
Acquisition.

Mondi Group will announce its half-yearly results for the 6 months to 30 June
2012 on 7 August 2012.

CONTACT

MONDI GROUP

Lora Rossler

Group Corporate Affairs Manager

Tel: [phone] or [phone]

Andrew King

Group CFO

Tel: [phone]

CONFERENCE CALL DIAL IN DETAILS

Details of the operator-assisted dial-in conference call to be held at 9:00am
(BST) and 10:00am (SA/CET) time.

Conference call dial-in numbers:

UK dial-in no:  0800 917 7042         

SA dial-in no:  0800 200 648

Europe/International dial-in no:  00800 246 78 700 or [phone]

Replay available until 16 July:

Dial in: [phone], Pin no: 21547#

The presentation will be available on Mondi Group's website, www.mondigroup.com
/announcement11July, 30 minutes before the conference call commences.

Questions can be submitted via the dial-in conference call.

NOTES TO EDITOR

ABOUT MONDI GROUP

Mondi Group is an international paper and packaging Group, with production
operations across 28 countries and revenues of EUR5.7 billion in 2011. The
Group's key operations are located in central Europe, Russia and South Africa
and as at the end of 2011, Mondi Group employed 23,400 people.

Mondi Group is fully integrated across the paper and packaging process, from
the growing of wood and the manufacture of pulp and paper (including recycled
paper), to the conversion of packaging papers into corrugated packaging,
industrial bags and coatings.

The Group is principally involved in the manufacture of packaging paper,
converted packaging products and uncoated fine paper (UFP).

Mondi Group 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 has been recognised for its sustainability through its inclusion in the
FTSE4Good Global, European and UK Index Series (since 2008) and the JSE's
Socially Responsible Investment (SRI) Index since 2007. The Group was also
included in the FTSE350 Carbon Disclosure Leadership Index for the second year.

ABOUT OAKTREE

Oaktree is a leading global investment management firm focused on alternative
markets, with USD77.9 billion in assets under management as of 31 March, 2012.
The firm emphasizes an opportunistic, value-oriented and risk-controlled
approach to investments in distressed debt, corporate debt (including high
yield debt and senior loans), control investing, convertible securities, real
estate and listed equities. Headquartered in Los Angeles, the firm has over 650
employees and offices in 13 cities worldwide. For additional information,
please visit its website at www.oaktreecapital.com.

OTHER INFORMATION

Rothschild which is authorised by the Financial Services Authority, is acting
solely for Mondi Group in connection with the Acquisition and no one else and
will not be responsible to anyone other than Mondi Group for providing the
protections afforded to the clients of Rothschild or for providing advice in
relation to the Acquisition or any transaction or arrangement referred to in
this announcement.

The estimated operational cost savings and financial synergies have been
calculated on the basis of the existing cost and operating structures of Mondi
Group and Nordenia and by reference to current prices and the current
regulatory environment. These statements of estimated cost savings and one-off
costs relate to future actions and circumstances which, by their nature,
involve risks, uncertainties and other factors. Because of this, the cost
savings and financial synergies referred to may not be achieved, or those
achieved could be materially different from those estimated.

Nothing in this announcement is intended, or is to be construed, as a profit
forecast or to be interpreted to mean that earnings per Mondi Group share for
the current or future financial years, or those of the enlarged group, will
necessarily match or exceed the historical published earnings per Mondi Group
share.

FORWARD LOOKING STATEMENTS

This announcement contains (or may contain) certain forward-looking statements
with respect to certain of Mondi Group's plans and its current goals and
expectations relating to its future financial condition and performance and
which involve a number of risks and uncertainties. Mondi Group cautions readers
that no forward-looking statement is a guarantee of future performance and that
actual results could differ materially from those contained in the
forward-looking statements. These forward-looking statements can be identified
by the fact that they do not relate only to historical or current facts.
Forward-looking statements sometimes use words such as 'aim', 'anticipate',
'target', 'expect', 'estimate', 'intend', 'plan', 'goal', 'believe', or other
words of similar meaning. Examples of forward-looking statements include,
amongst others, statements regarding Mondi Group's results of operations,
future financial position, income growth, impairment charges, liquidity,
business strategy and the industries in which Mondi Group operates, projected
costs, estimates of capital expenditure, and plans, dividend growth and
objectives for future operations of Mondi Group and other statements that are
not historical fact. By their nature, forward-looking statements involve risk
and uncertainty because they relate to future events and circumstances,
including, but not limited to, Mondi Group's ability successfully to combine
the business of Mondi Group and Nordenia and to realise expected synergies from
that combination; UK domestic and global economic and market conditions, the
market position of Mondi Group, earnings, financial position, cash flows,
return on capital and operating margins of the Mondi Group, changing business
or other market conditions, the success of future acquisitions and other
strategic transactions and the impact of competition - a number of which
factors are beyond Mondi Group's control, and general economic conditions. As a
result, Mondi Group's actual future results may differ materially from the
plans, goals, and expectations set forth in Mondi Group's forward-looking
statements. Any forward-looking statements made in this announcement by or on
behalf of Mondi Group speak only as of the date they are made. Mondi Group
expressly disclaims any obligation or undertaking to disseminate any updates or
revisions to any forward-looking statements contained in this announcement to
reflect any change in Mondi Group's expectations with regard thereto or any
change in events, conditions or circumstances on which any such statements are
based. As a result of these factors, readers are cautioned not to rely on any
forward-looking statement.

IMPORTANT INFORMATION

This announcement is for information only and shall not constitute an offer to
sell or a solicitation of offers to purchase or subscribe for any securities,
nor shall there be any sale or purchase of securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction.

Neither the content of Mondi Group's website nor any website accessible by
hyperlinks on Mondi Group's website is incorporated in, or forms part of, this
announcement.


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