Result of AGM

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

 

8 May 2008

 

Annual General Meetings - Mondi Limited and Mondi plc

As part of the dual listed company structure, Mondi Limited and Mondi plc
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.

 

The Annual General Meetings of Mondi Limited and Mondi plc were both held on 7
May 2008. As required by the dual listed company structure, all resolutions
were treated as Joint Electorate Actions and were decided on a poll. All
resolutions at both meetings were passed except resolution 17. The voting
results of the Joint Electorate Actions are identical and are given below.

 

Resolution 17 proposed that the directors be given authority to issue shares in
Mondi Limited for cash, up to a limit of 5% of unissued share capital. Through
the voting on resolution 17 and certain other resolutions, Mondi has become
aware that South African shareholders have concerns about resolutions placing
shares under the control of directors and, in particular, authorising the
directors to issue shares for cash. We will look into this matter further to
understand fully the concerns of South African shareholders, which we believe
are not specific to Mondi.

 

Resolution                                                 Votes      %      Votes    %      Votes      Votes      
                                                                                             Withheld              
                                                            For             Against                     total      
                                                                                                                        
Common Business: Mondi Limited and Mondi plc                                                                            
                                                                                                                        
1. To elect as a director Sir John Parker               272,308,377 99.07  2,547,101   0.93  2,471,558  277,327,036
                                                                                                                        
2. To elect as a director Cyril Ramaphosa               265,042,927 97.41  7,041,975   2.59  5,242,134  277,327,036
                                                                                                                        
3. To elect as a director David Hathorn                 274,422,087 99.78   605,855    0.22  2,296,851  277,324,793
                                                                                                                        
4. To elect as a director Paul Hollingworth             274,421,666 99.78   606,528    0.22  2,296,849  277,325,043
                                                                                                                        
5. To elect as a director Colin Matthews                274,699,083 99.87   370,620    0.13  2,255,340  277,325,043
                                                                                                                        
6. To elect as a director Imogen Mkhize                 274,271,552 99.71   799,598    0.29  2,255,643  277,326,793
                                                                                                                        
7. To elect as a director Peter Oswald                  274,463,474 99.78   605,960    0.22  2,255,359  277,324,793
                                                                                                                        
8. To elect as a director Anne Quinn                    274,697,532 99.86   371,688    0.14  2,255,823  277,325,043
                                                                                                                        
9. To elect as a director David Williams                273,296,004 99.36  1,773,699   0.64  2,255,340  277,325,043
                                                                                                                        
Mondi Limited Business                                                                                                  
                                                                                                                        
10. To receive and adopt the report and accounts        276,776,287 100.00    602      0.00   550,154   277,327,043
                                                                                                                        
11. To determine, ratify and approve the directors'     241,531,373 91.14  23,483,944  8.86  12,309,726 277,325,043
remuneration                                                                                                            
                                                                                                                        
                                                                                                                        
                                                                                                                        
12. To declare a final dividend                         272,461,486 100.00   3,669     0.00  4,859,888  277,325,043
                                                                                                                        
13. To reappoint the auditors                           267,722,683 99.69   837,547    0.31  8,764,813  277,325,043
                                                                                                                        
14. To authorise the directors to determine the auditors'
remuneration                                            271,982,039 99.81   523,918    0.19  4,818,836  277,324,793
                                                                                                           
                                                                                                                        
15. To place 5% of the unissued ordinary shares of 
Mondi Limited under the control of the directors of     201,846,523 74.07  70,655,242 25.93  4,825,028  277,326,793
Mondi Limited                                                             
                                                                                                                        
16. To place 5% of the remaining unissued shares (excluding  
ordinary shares) of Mondi Limited under the control of the                                                              
directors of Mondi Limited                              201,424,955 73.96  70,921,925 26.04  4,977,913  277,324,793                                                                                          
                                                                                                                        
17. To authorise the directors to allot and issue ordinary   
shares of Mondi Limited for cash‡                       186,102,847 68.33  86,253,421 31.67  4,970,775  277,327,043                                                                                     
                                                                                                                        
18. To authorise Mondi Ltd to purchase its own shares*  269,633,536 98.95  2,873,975   1.05  4,817,532  277,325,043
                                                                                                                        
19. To adopt new Articles of Association of Mondi 
Limited*                                                260,630,538 99.81   503,626    0.19  16,190,879 277,325,043
                                                                                                                        
Mondi plc Business                                                                                                      
                                                                                                                        
20. To receive the report and accounts                  271,992,517 100.00    600      0.00  5,331,926  277,325,043
                                                                                                                        
21. To approve the directors' remuneration report       251,935,828 95.14  12,865,581  4.86  12,525,634 277,327,043
                                                                                                                        
22. To declare a final dividend                         276,817,166 100.00     9       0.00   509,618   277,326,793
                                                                                                                        
23. To reappoint the auditors                           272,079,672 99.68   860,248    0.32  4,387,123  277,327,043
                                                                                                                        
24. To authorise the directors to determine the 
auditors' remuneration                                  274,320,150 99.81   518,757    0.19  2,486,136  277,325,043
                                                                                                     
                                                                                                                        
25. To authorise the directors to allot relevant 
securities                                              207,969,337 75.12  68,887,660 24.88   468,046   277,325,043
                                                                                                                        
26. To authorise the directors to disapply pre-emption  208,189,627 75.20  68,651,973 24..80  483,443   277,325,043
rights*                                                                                                                 
                                                                                                                        
27. To authorise Mondi plc to purchase its own shares*  276,840,007 99.99    34,902    0.01   450,134   277,325,043
                                                                                                                        
28. To adopt new Articles of Association of Mondi plc*  264,994,148 99.82   488,079    0.18  11,844,816 277,327,043
                                                                                                                        

 

* Special Resolutions

‡ 75% votes in favour required pursuant to the Listings Requirements of the JSE
Limited.

 

Philip
Laubscher                                                                  
Carol Hunt

Company Secretary                                                             
Company Secretary 

Mondi
Limited                                                                      
Mondi plc