Further re Mondi offer for minority interest in...

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 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 JSE Listings
Requirements and/or the Disclosure Rules and Transparency Rules and/or the
Listing Rules of the United Kingdom Listing Authority.

Mondi Group increases its shareholding in Mondi Swiecie S.A.

Mondi Group today announced that it has received valid acceptances under its
all cash public tender offer ("Offer"), made on 16 February 2012 and revised
(increasing the offer price) on 2 April 2012, in respect of 13,592,743 shares
in Mondi Swiecie S.A. ("Mondi Swiecie") representing 27.2% of the share capital
of Mondi Swiecie. After completion of the Offer, Mondi Group's total interest
in Mondi Swiecie will increase to 93.2%. The aggregate cash consideration
payable by the Mondi Group on closing will be PLN979m (EUR235m).

The acquisition of the shares will be executed on the Warsaw Stock Exchange no
later than 13 April 2012 and will be settled no later than 18 April 2012.
Thereafter, Mondi Group will commence a procedure aimed at acquiring the shares
of those minority shareholders which did not respond to the Offer.

David Hathorn, Mondi Group CEO stated,

"This acquisition enables us to bring into full ownership a core integrated low
cost asset of the Mondi Group and further streamline the corporate structure.
The transaction is expected to be earnings accretive from the date of
acquisition."

/ends

Contact:

Mondi Group

Lora Rossler

Group Corporate Affairs Manager

Tel: [phone] or [phone]

E-mail: [e-mail]

Andrew King

Group CFO

Tel: [phone]

E-mail: [e-mail]

Editors' notes

About Mondi:

Mondi is an international paper and packaging Group, with production operations
across 28 countries and revenues of €5.7 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 employed 23,400 people.

 

Mondi 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 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. Mondi was also included
in the FTSE350 Carbon Disclosure Leadership Index for the second year.