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MND / MNP - Mondi - Trading Statement

Release Date: 08/02/2008 09:00
Code(s): MND MNP
Wrap Text

MND / MNP - Mondi - Trading Statement 8 February 2008 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 Group: Trading Statement 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. In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period. Mondi is currently finalising its results for the year ended 31st December 2007 which will be released on 28 February 2008. As announced in our "Interim Management Statement" released on 14 November 2007, Mondi`s performance in 2007 continued to improve reflecting our favourable product mix, emerging market exposure and competitive cost position. Accordingly, Mondi advises that it expects earnings per share to be within the ranges shown below: Underlying earnings per share (euro cents per share) 44-48 (2006 proforma 27.0) Headline earnings per share (euro cents per share) 36-40 (2006 proforma 28.2) Mondi has disclosed underlying EPS, which is defined as basic earnings per share excluding the impact of special items, as the directors believe this provides a useful additional measure of the group`s underlying performance. The disclosure of Headline EPS is required under the Listings Requirements of the JSE Limited and has been calculated in accordance with Circular 8/2007 as issued by the South African Institute of Chartered Accountants. In addition, basic earnings per share are expected to be within a range of 45 to 54 euro cents per share (2006 proforma of 15.2 euro cents per share). The above information has neither been reviewed nor audited by Mondi`s auditors. Contact details: Mondi Group Paul Hollingworth +44 (0) 1932 826 326 About Mondi Mondi is an integrated paper and packaging group founded in South Africa in 1967. In 2006 it had revenues of Euro5.751 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: 08/02/2008 09:00:04 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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