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MND/MNP - Mondi Signs Contract For New Lightweight Recycled Containerboard

Release Date: 18/09/2007 14:33
Code(s): MND MNP
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MND/MNP - Mondi Signs Contract For New Lightweight Recycled Containerboard Machine 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 Mondi signs contract for new lightweight recycled containerboard machine 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 listing requirements and/or the Disclosure and Listing Rules of the United Kingdom Listing Authority. Mondi Group (`Mondi`) is pleased to announce that it has signed the delivery contract with Metso for a new lightweight recycled containerboard machine with a production capacity of up to 470,000 tonnes a year. The signing of the contract is the latest stage in the project announced earlier in 2007 to invest in a new lightweight recycled containerboard machine in Emerging Europe. Subject to agreement on the level of available governmental support, the machine is expected to be sited either at the Swiecie mill in Poland or at the Steti mill in the Czech Republic. If it is decided to locate the machine at Swiecie, it is planned that it will be owned and operated by Mondi Packaging Paper Swiecie S.A., a 66 per cent held subsidiary. The project will also include a new corrugated box plant with a capacity of up to 250 million m2 per annum board production. The total investment is estimated at Euro 350m and the project is due for completion in June 2009. The new machine is expected to be the clear cost leader in Europe, combining the benefits of the low operating cost environment in Emerging Europe with the synergy benefits that come from utilising the infrastructure of an existing mill and supporting sales and distribution structures. Furthermore, it will offer exposure to the high growth lightweight containerboard segment, supported by the fast growing manufacturing sector in Emerging Europe. 18 September 2007 JSE Sponsor: UBS For more information contact: Mondi Packaging Wolfgang Brunner Phone: +43 1 795 29 4983 Mondi plc Lisa Attenborough Phone: +44 1932 826300 About Mondi Packaging Mondi Packaging, a member of the Mondi group, is a global paper and plastic packaging group. The company is active in the corrugated, bag and flexibles businesses and is a packaging specialist for containerboard, corrugated packaging solutions, kraft paper, industrial bags, extrusion coating, release liners and consumer flexibles solutions. Mondi Packaging has more than 90 production facilities in over 30 countries. Its 16,000 employees are dedicated to developing customized packaging solutions for optimum protection and promotion of its customers` products. About Mondi Mondi is an integrated paper and packaging group founded in South Africa in 1967. In 2006 it had revenues of Euro 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. Date: 18/09/2007 14:33:40 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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