Syktyvkar Project to go ahead

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

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.

7 December 2007

Mondi Syktyvkar project to go ahead

Following the settlement of a number of major conditions including conversion
of forestry rights, Mondi will now execute its €525m project to modernize and
expand the Syktyvkar pulp and paper mill in the Komi Republic in Russia. All
main equipment contracts have been agreed and construction is to commence in
April 2008, with completion scheduled by the end of 2010.

The project will enhance Syktyvkar's low cost position, with the additional
volume of Uncoated Fine Paper and Containerboard being supplied to the high
growth domestic Russian market.

For further information contact:

Financial Dynamics

Richard Mountain

[phone]

[phone] (m)

Mondi Group

Paul Hollingworth

[phone]

About Mondi

Mondi is an integrated paper and packaging group founded in South Africa in
1967. In 2006 it had revenues of €5.751 billion. Its key operations and
interests are in Western Europe, Emerging Europe and South Africa. Mondi is
principally involved in the manufacture of packaging paper, converted packaging
products (including corrugated packaging, bags and flexible packaging) and
office paper.

Mondi is integrated across the paper and packaging production process from the
growing of wood for pulp production and the manufacture of pulp and paper to
the conversion of packaging papers into corrugated packaging and industrial
bags. It also has a growing flexibles business focused on the production of
release liner, extrusion coating and consumer flexibles products. Mondi has
production operations in 112 locations across 34 countries and averaged
approximately 34,000 employees in 2006.


   D