Director/PDMR Shareholding

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI  ISIN: GB00B1CRLC47
JSE share code: MNP

11 May 2020

TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.20 EACH

On 11 May 2020, an award of shares took place under the Mondi plc Long Term Incentive Plan (LTIP).

Mondi plc Long Term Incentive Plan

Date of transaction	11 May 2020
Class of share	Ordinary
Option price	Nil cost option
Release date	After the announcement of the final results for 2022 in early 2023
Performance conditions	One half TSR and one half ROCE each measured over the 3 financial years ending 31 December 2022
Additional Information	The LTIP award is based on a percentage of the Executive’s salary as approved by the Remuneration Committee. In line with the standard methodology adopted each year, the number of shares under award is determined with reference to the average share price over three days commencing with the announcement of results.

There follows a notification form for a director of Mondi plc.

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	Andrew King
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	Grant of shares as options under the Mondi plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Transaction(s) Price(s) Volume(s) Grant Nil 140,758
d)	Aggregated information - Aggregated volume - Price	140,758 Nil
e)	Date of transaction	2020-05-11
f)	Place of the transaction	Outside trading venue – off market