Further re Final Dividend

Mondi Limited
Incorporated in the Republic of South Africa

Registered office: 4th Floor, No.3 Melrose Boulevard, Melrose Arch 2196,
Gauteng, RSA
Registration number: 1967/013038/06

Tax registration number: 920/0017/71/4P
JSE share code: MND ISIN: ZAE000156550

Mondi plc
Incorporated in England and Wales

Registered office: 1st Floor, Building 1, Aviator Park, Station Road,
Addlestone, Surrey KT15 2PG, UK
Registration number: 6209386

Tax registration number: 454 12394 14454
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

23 April 2012

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

Impact of change in tax legislation on dividend paid to South African
shareholders

 

Mondi notes that, since the announcement of a recommended final dividend on 23
February 2012, the new Dividend Tax has been introduced in South Africa and the
JSE Listing Requirements were amended with effect from 1 April 2012 to require
the disclosure of additional information in relation to the dividend payment.
The purpose of this announcement is to provide that additional information.

Dividend Tax will be withheld from the amount of the gross final dividend of
181.38548 rand cents per ordinary share paid to Mondi Limited shareholders and
Mondi plc shareholders on the South African branch register at the rate of 15%,
unless a shareholder qualifies for an exemption.  After the Dividend Tax has
been withheld, the net dividend will be 154.17766 rand cents per ordinary
share.  Mondi Limited had a total of 118,312,975 ordinary shares in issue and
Mondi plc 367,240,805 ordinary shares in issue of which 176,544,283 were held
on the branch register, excluding treasury shares, at the dividend declaration
date of 23 February 2012. This remained unchanged at the record date, 13 April
2012, except that the number of shares held on the Mondi plc branch register
was 173,303,081.

 

No secondary tax on companies (STC) credits will be used for the payment of the
Final Dividend which will be paid from income reserves.

 

For the avoidance of doubt, Dividend Tax, and therefore the information
provided in this announcement, will only apply to shareholders of Mondi Limited
and those Mondi plc shares held on the South African Branch Register. Also,
payment of this final dividend is subject to shareholder approval at the Annual
General Meetings of Mondi Limited and Mondi plc to be held on 3 May 2012.

Ends