Holding(s) in Company

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

Notification of Major Interests in Shares

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 Rules of the United Kingdom Listing Authority.

 1. Identity of the issuer or the underlying issuer of existing shares to which
    voting rights are attached:
   
Mondi plc

 2. Reason for notification (yes/no)
   
An acquisition or disposal of voting rights: Yes                               
                                                                               
An acquisition or disposal of financial instruments which may result in the    
acquisition of shares already issued to which voting rights are attached:      
                                                                               
An event changing the breakdown of voting rights:                              
                                                                               
Other (please specify):                                                        

 3. Full name of person(s) subject to the notification obligation:
   
Allan Gray Unit Trust Management Limited

 4. Full name of shareholder(s) (if different from 3.):
   
 5. Date of the transaction (and date on which the threshold is crossed or
    reached if different):
   
21/11/2008

 6. Date on which issuer notified:
   
27/11/2008

 7. Threshold(s) that is/are crossed or reached:
   
4%

 8. Notified details:
   
A: Voting rights attached to shares

Class/type of  Situation previous to Resulting situation after the triggering  
shares if      the triggering        transaction                               
possible using transaction                                                     
the ISIN Code                                                                  
                                                                               
               No. of     No. of     No. of       No. of voting   % of voting  
               shares     voting     shares       rights          rights       
                          rights                                               
                                                  Direct          Direct       
                                                                               
GB00B1CRLC47   14,557,660 14,557,660 15,070,260   15,070,260      4%           

B: Financial Instruments

Resulting situation after the triggering transaction

Type of         Expiration  Exercise/          Number of voting    % of voting 
financial       date        Conversion Period/ rights that may be  rights      
instrument                  Date               acquired if the                 
                                               instrument is                   
                                               exercised/                      
                                               converted.                      
                                                                               

Total (A+B)

Number of voting rights                % of voting rights                      
                                                                               
15,070,260                             4%                                      
                                                                               

 9. Chain of controlled undertakings through which the voting rights and/or the
    financial instruments are effectively held, if applicable:
   
N/A

Proxy Voting:

10. Name of the proxy holder:
   
N/A

11. Number of voting rights proxy holder will cease to hold:
   
N/A

12. Date on which proxy holder will cease to hold voting rights:
   
N/A

13. Additional information:
   
N/A

14. Contact name:
   
Carol Hunt

15. Contact telephone number:
   
01932 826366