Director/PDMR Shareholding

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 notify both the JSE Limited and the London Stock Exchange of those interests (and changes to those interests) of directors of both entities and the respective company secretaries, persons discharging managerial responsibilities across the Group and, in certain instances, the directors of major subsidiaries of Mondi Limited in the securities of Mondi Limited and Mondi plc which are required to be disclosed under the Listings Requirements of the JSE and/or the Disclosure and Transparency Rules of the United Kingdom Listing Authority.

In accordance with Rules 3.63-3.74 of the Listings Requirements of the JSE and/or Disclosure and Transparency Rule 3.1.4R, we advise of the following:

26 February 2016

TRANSACTIONS IN MONDI LIMITED ORDINARY SHARES OF NO PAR VALUE

On 25 February 2016 a grant of conditional awards became unconditional and the following acquisitions and sales of shares took place as a result of the vesting of Mondi Limited Bonus Share Plan Awards:

Name                                                David Hathorn

Position                                            Director

Number of shares vesting               17,506

Total value of shares vesting          R 4,869,293.90

Number of shares retained             Nil

Total value of shares retained         Nil

Number of shares sold                    17,506 at R 278.15 per share

Total value of shares sold                R 4,869,293.90

Nature of interest                             Direct Beneficial

Name                                                Andrew King

Position                                             Director

Number of shares vesting               7,790

Total value of shares vesting          R 2,166,788.50

Number of shares retained              Nil

Total value of shares retained        Nil       

Number of shares sold                    7,790 at R 278.15 per share

Total value of shares sold               R 2,166,788.50

Nature of interest                              Direct Beneficial

Name                                                  Philip Laubscher

Position                                              Company Secretary, Mondi Limited

Number of shares vesting                 5,560

Total value of shares vesting            R 1,546,514.00

Number of shares retained               Nil

Total value of shares retained           Nil

Number of shares sold                      5,560 at R 278.15 per share

Total value of shares sold                  R 1,546,514.00

Nature of interest                               Direct Beneficial

The above trades took place off market. Clearance was obtained prior to the above dealings in securities.

TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.20 EACH

On 25 February 2016 a grant of conditional awards became unconditional and the following acquisitions and sales of shares took place as a result of the vesting of Mondi plc Bonus Share Plan Awards:

Name                                                 David Hathorn

Position                                            Director

Number of shares vesting                40,803

Total value of shares vesting           £523,628.98

Number of shares retained              Nil

Total value of shares retained         Nil

Number of shares sold                    40,803 at £12.8331 per share

Total value of shares sold               £523,628.98

Nature of interest                              Direct Beneficial

Name                                                 Andrew King

Position                                             Director

Number of shares vesting                18,158

Total value of shares vesting          £233,023.43

Number of shares retained              Nil

Total value of shares retained          Nil

Number of shares sold                    18,158 at £12.8331 per share

Total value of shares sold               £233,023.43

Nature of interest                              Direct Beneficial

Name                                                Peter Oswald

Position                                            Director

Number of shares vesting                41,064

Total value of shares vesting          £526,978.42

Number of shares retained              Nil

Total value of shares retained          Nil

Number of shares sold                    41,064 at £12.8331 per share

Total value of shares sold               £526,978.42

Nature of interest                              Direct Beneficial

Name                                                Carol Hunt

Position                                            Company Secretary, Mondi plc

Number of shares vesting               6,971

Total value of shares vesting          £89,459.54

Number of shares retained              Nil

Total value of shares retained        Nil

Number of shares sold                    6,971 at £12.8331 per share

Total value of shares sold               £89,459.54

Nature of interest                              Direct Beneficial

Name                                                 John Lindahl

Position                                              PDMR

Number of shares vesting               16,385

Total value of shares vesting          £210,270.34

Number of shares retained              Nil

Total value of shares retained          Nil

Number of shares sold                    16,385 at £12.8331 per share

Total value of shares sold                 £210,270.34

Nature of interest                              Direct Beneficial

Name                                                 Ron Traill

Position                                              PDMR

Number of shares vesting               18,192

Total value of shares vesting           £233,459.75

Number of shares retained             10,733

Total value of shares retained          £137,737.66

Number of shares sold                     7,459 at £12.8331 per share

Total value of shares sold               £95,722.09

Nature of interest                              Direct Beneficial

The above trades took place off market. Clearance was obtained prior to the above dealings in securities.

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