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)

LEI: 213800LOZA69QFDC9N34

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, the respective company secretaries and 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 Guidance and Transparency Rules of the United Kingdom Listing Authority. To comply with the requirements in Articles 7 and 9 of the regulatory technical standards of the Transparency Directive (2004/109/EC), this announcement is classified as additional regulated information required to be disclosed under the laws of a Member State.

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

10 March 2017

TRANSACTIONS IN MONDI LIMITED ORDINARY SHARES OF NO PAR VALUE AND MONDI plc ORDINARY SHARES OF €0.20 EACH

On 9 March 2017, a grant of conditional awards became unconditional and acquisitions and sales of shares took place as a result of the vesting of Mondi Limited and Mondi plc Bonus Share Plan and Long Term Incentive Plan awards.

For the purposes of the JSE Listings Requirements, clearance was obtained prior to the below dealings in securities and the total value of each transaction is summarised below:

Name	Position	Award	Total number of shares awarded	Total number of shares vesting	Total value of shares vesting
David Hathorn	Director	Mondi Limited Bonus Share Plan	12,883	12,883	ZAR 3,856,911.25
David Hathorn	Director	Mondi Limited Long Term Incentive Plan	44,723	41,369	ZAR 12,385,047.08
Andrew King	Director	Mondi Limited Bonus Share Plan	6,091	6,091	ZAR 1,823,522.97
Andrew King	Director	Mondi Limited Long Term Incentive Plan	18,574	17,181	ZAR 5,143,646.06
Philip Laubscher	Company Secretary, Mondi Limited	Mondi Limited Bonus Share Plan	3,245	3,245	ZAR 971,487.78
Philip Laubscher	Company Secretary, Mondi Limited	Mondi Limited Long Term Incentive Plan	9,613	8,893	ZAR 2,662,385.45
David Hathorn	Director	Mondi plc Bonus Share Plan	29,760	29,760	GBP 555,663.19
David Hathorn	Director	Mondi plc Long Term Incentive Plan	103,315	95,567	GBP 1,784,377.14
Andrew King	Director	Mondi plc Bonus Share Plan	14,071	14,071	GBP 262,726.37
Andrew King	Director	Mondi plc Long Term Incentive Plan	42,908	39,690	GBP 741,070.96
Peter Oswald	Director	Mondi plc Bonus Share Plan	29,293	29,293	GBP 546,943.61
Peter Oswald	Director	Mondi plc Long Term Incentive Plan	88,147	81,536	GBP 1,522,397.63
Ron Traill	PDMR	Mondi plc Bonus Share Plan	13,619	13,619	GBP 254,286.86
Ron Traill	PDMR	Mondi plc Long Term Incentive Plan	37,274	34,479	GBP 643,773.89
John Lindahl	PDMR	Mondi plc Bonus Share Plan	12,292	12,292	GBP 229,509.81
John Lindahl	PDMR	Mondi plc Long Term Incentive Plan	35,074	32,444	GBP 605,777.43

There follow notification forms for each of the above directors/PDMRs of Mondi Limited and Mondi plc. In addition, in order to satisfy the Listings Requirements of the JSE, notification forms for the Company Secretary of Mondi Limited are also included.

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

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	David Hathorn
2	Reason for the notification
a)	Position/status	Group CEO
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi Limited
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of no par value ZAE000156550
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi Limited Bonus Share Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 12,883 (2) Sale ZAR 299.3799 12,883
d)	Aggregated information - Aggregated volume - Price	(1) 12,883 (2) 12,883 (1) Nil (2) ZAR 299.3799
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	David Hathorn
2	Reason for the notification
a)	Position/status	Group CEO
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi Limited
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of no par value ZAE000156550
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi Limited Long Term Incentive Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 41,369 (2) Sale ZAR 299.3799 41,369
d)	Aggregated information - Aggregated volume - Price	(1) 41,369 (2) 41,369 (1) Nil (2) ZAR 299.3799
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	Andrew King
2	Reason for the notification
a)	Position/status	Group CFO
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi Limited
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of no par value ZAE000156550
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi Limited Bonus Share Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 6,091 (2) Sale ZAR 299.3799 6,091
d)	Aggregated information - Aggregated volume - Price	(1) 6,091 (2) 6,091 (1) Nil (2) ZAR 299.3799
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside a trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	Andrew King
2	Reason for the notification
a)	Position/status	Group CFO
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi Limited
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of no par value ZAE000156550
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi Limited Long Term Incentive Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 17,181 (2) Sale ZAR 299.3799 17,181
d)	Aggregated information - Aggregated volume - Price	(1) 17,181 (2) 17,181 (1) Nil (2) ZAR 299.3799
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside a trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	Philip Laubscher
2	Reason for the notification
a)	Position/status	Company Secretary, Mondi Limited
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi Limited
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of no par value ZAE000156550
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi Limited Bonus Share Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 3,245 (2) Sale ZAR 299.3799 3,245
d)	Aggregated information - Aggregated volume - Price	(1) 3,245 (2) 3,245 (1) Nil (2) ZAR 299.3799
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	Philip Laubscher
2	Reason for the notification
a)	Position/status	Company Secretary, Mondi Limited
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi Limited
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of no par value ZAE000156550
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi Limited Long Term Incentive Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 8,893 (2) Sale ZAR 299.3799 8,893
d)	Aggregated information - Aggregated volume - Price	(1) 8,893 (2) 8,893 (1) Nil (2) ZAR 299.3799
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	David Hathorn
2	Reason for the notification
a)	Position/status	Group CEO
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi plc
b)	LEI	213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of €0.20 each GB00B1CRLC47
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi plc Bonus Share Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 29,760 (2) Sale GBP 18.671478 29,760
d)	Aggregated information - Aggregated volume - Price	(1) 29,760 (2) 29,760 (1) Nil (2) GBP 18.671478
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	David Hathorn
2	Reason for the notification
a)	Position/status	Group CEO
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi plc
b)	LEI	213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of €0.20 each GB00B1CRLC47
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi plc Long Term Incentive Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 95,567 (2) Sale GBP 18.671478 95,567
d)	Aggregated information - Aggregated volume - Price	(1) 95,567 (2) 95,567 (1) Nil (2) GBP 18.671478
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	Andrew King
2	Reason for the notification
a)	Position/status	Group CFO
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi plc
b)	LEI	213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of €0.20 each GB00B1CRLC47
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi plc Bonus Share Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 14,071 (2) Sale GBP 18.671478 14,071
d)	Aggregated information - Aggregated volume - Price	(1) 14,071 (2) 14,071 (1) Nil (2) GBP 18.671478
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside a trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	Andrew King
2	Reason for the notification
a)	Position/status	Group CFO
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi plc
b)	LEI	213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of €0.20 each GB00B1CRLC47
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi plc Long Term Incentive Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 39,690 (2) Sale GBP 18.671478 39,690
d)	Aggregated information - Aggregated volume - Price	(1) 39,690 (2) 39,690 (1) Nil (2) GBP 18.671478
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside a trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	Peter Oswald
2	Reason for the notification
a)	Position/status	CEO Europe & International
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi plc
b)	LEI	213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of €0.20 each GB00B1CRLC47
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi plc Bonus Share Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 29,293 (2) Sale GBP 18.671478 16,112
d)	Aggregated information - Aggregated volume - Price	(1) 29,293 (2) 16,112 (1) Nil (2) GBP 18.671478
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	Peter Oswald
2	Reason for the notification
a)	Position/status	CEO Europe & International
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi plc
b)	LEI	213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of €0.20 each GB00B1CRLC47
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi plc Long Term Incentive Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 81,536 (2) Sale GBP 18.671478 44,845
d)	Aggregated information - Aggregated volume - Price	(1) 81,536 (2) 44,845 (1) Nil (2) GBP 18.671478
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	Ron Traill
2	Reason for the notification
a)	Position/status	CEO Mondi SA Division
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi plc
b)	LEI	213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of €0.20 each GB00B1CRLC47
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi plc Bonus Share Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 13,619 (2) Sale GBP 18.671478 13,619
d)	Aggregated information - Aggregated volume - Price	(1) 13,619 (2) 13,619 (1) Nil (2) GBP 18.671478
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	Ron Traill
2	Reason for the notification
a)	Position/status	CEO Mondi SA Division
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi plc
b)	LEI	213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of €0.20 each GB00B1CRLC47
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi plc Long Term Incentive Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 34,479 (2) Sale GBP 18.671478 34,479
d)	Aggregated information - Aggregated volume - Price	(1) 34,479 (2) 34,479 (1) Nil (2) GBP 18.671478
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	John Lindahl
2	Reason for the notification
a)	Position/status	Group Technical Director
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi plc
b)	LEI	213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of €0.20 each GB00B1CRLC47
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi plc Bonus Share Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 12,292 (2) Sale GBP 18.671478 12,292
d)	Aggregated information - Aggregated volume - Price	(1) 12,292 (2) 12,292 (1) Nil (2) GBP 18.671478
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside trading venue – off market

1	Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a)	Name	John Lindahl
2	Reason for the notification
a)	Position/status	Group Technical Director
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mondi plc
b)	LEI	213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of €0.20 each GB00B1CRLC47
b)	Nature of the transaction	(1) Acquisition of shares as a result of the vesting of a Mondi plc Long Term Incentive Plan award; and (2) subsequent sale of shares
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) (1) Acquisition Nil 32,444 (2) Sale GBP 18.671478 32,444
d)	Aggregated information - Aggregated volume - Price	(1) 32,444 (2) 32,444 (1) Nil (2) GBP 18.671478
e)	Date of transaction	2017-03-09
f)	Place of the transaction	Outside trading venue – off market