Mondi launches EUR500 million Eurobond

Mondi plc

(Incorporated in England and Wales)

(Registered number: 6209386)

LEI: 213800LOZA69QFDC9N34

LSE share code: MNDI   ISIN: GB00BMWC6P49

JSE share code: MNP   

23 May 2024

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933) OR IN OR INTO ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW

Mondi launches €500 million Eurobond

Mondi has successfully launched a €500 million, 8-year Eurobond. Proceeds of the issue, which is due to close on 31 May 2024, will be used for general corporate purposes.

The Eurobond matures in May 2032, has a coupon of 3.75%, and an application will be made for it to be admitted to trading on the London Stock Exchange’s regulated market. The joint book-runners for the issue were Barclays, BBVA, BofA Securities, Erste Group and Raiffeisen Bank International.

The Eurobond will be issued under Mondi’s Euro Medium Term Note (EMTN) programme, which is rated Baa1 by Moody's and A- by Standard and Poor's.

Mike Powell, CFO, Mondi Group, said “We are pleased to have successfully launched a €500 million Eurobond today, which was supported by a wide range of European investors.  This bond will extend our debt maturity profile and further strengthen the Group’s liquidity position.”

THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933 (THE “SECURITIES ACT”)). THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL SECURITIES OR THE SOLICITATION OF ANY OFFER TO BUY SECURITIES, NOR SHALL THERE BE ANY OFFER OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER OR SALE WOULD BE UNLAWFUL.

This communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons in the United Kingdom who have professional experience in matters related to investments and who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) of the United Kingdom (the "Financial Promotion Order"); (iii) persons who fall within Articles 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Promotion Order; and (iv) any other persons to whom this communication may otherwise lawfully be directed (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by other persons in the United Kingdom. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This communication must not be acted on or relied on by persons who are not relevant persons.

Enquiries

Fiona Lawrence [phone]

Group Head of Investor Relations

James Paterson [phone]

Group Treasurer

Editor´s notes

Mondi is a global leader in packaging and paper, contributing to a better world by producing products that are sustainable by design. We employ 22,000 people in more than 30 countries and operate an integrated business with expertise spanning the entire value chain, enabling us to offer our customers a broad range of innovative solutions for consumer and industrial end-use applications. Sustainability is at the centre of our strategy, with our ambitious commitments to 2030 focused on circular driven solutions, created by empowered people, taking action on climate.

In 2023, Mondi had revenues of €7.3 billion and underlying EBITDA of €1.2 billion. Mondi has a premium listing on the London Stock Exchange (MNDI), where the Group is a FTSE100 constituent, and also has a secondary listing on the JSE Limited (MNP).

mondigroup.com

Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a BofA Securities.

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