Long Term Corporate Credit Ratings

Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000097051

Mondi plc
(Incorporated in England and Wales)
(Registration 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
(together `Mondi Group') notify both the JSE Limited and the London Stock
Exchange of matters required to be disclosed under the JSE Listings
Requirements and/or the Disclosure and Transparency and Listing Rules of the
United Kingdom Listing Authority.

16 March 2010

Long Term Corporate Credit Ratings

Mondi is pleased to announce that it has received long term corporate credit
ratings of Baa3 from Moody's Investor Service and BB+ from Standard & Poor's. 
Both ratings having a stable outlook.

Referring to the new ratings, David Hathorn, chief executive officer,
commented, "These ratings reflect Mondi's leading market positions, the well
invested, low-cost asset base and consistent focus on operating efficiency. The
successful attainment of these ratings will provide Mondi with additional
financial flexibility going forward."

Contact details:

James Paterson [phone]

Andrew King [phone]

Lora Rossler [phone] or [e-mail]

Editors' notes:

Mondi is an international paper and packaging group and in 2009 had revenues of
€5.3 billion. Its key operations and interests are in western Europe, emerging
Europe, Russia and South Africa.

The Group is principally involved in the manufacture of packaging paper and
converted packaging products as well as speciality products.

Mondi is fully integrated across the paper and packaging process, the growing
of wood and the manufacture of pulp (including recycled paper) to the
conversion of packaging papers into corrugated packaging and industrial bags.

Mondi has production operations across 31 countries and had an average of
31,000 employees in 2009.