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MND/MNP - Mondi Limited/Mondi Plc - Trading Statement

Release Date: 25/07/2008 11:00
Code(s): MND MNP
Wrap Text

MND/MNP - Mondi Limited/Mondi Plc - Trading Statement 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`) must 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 half year ended 30 June 2008 which will be released on 30 July 2008. Whilst underlying and headline earnings per share have increased for the period, they will not differ by at least 20% from those of the previous corresponding period. Basic earnings per share will differ by at least 20% because the first half of 2007 included a Euro48m profit after tax on special items (mainly profit on disposals) whereas 2008 first half results will include a charge for special items mainly relating to the previously announced closure of the Uncoated Fine Paper mill in Hungary. Accordingly, Mondi advises that it expects basic earnings per share to be within the ranges shown below: Basic earnings per share (euro cents per share) 16-19 (2007 proforma 31.9) As announced in Mondi`s "Interim Management Statement" released on 7 May 2008, since the year end the Group`s underlying operating profit has come in ahead of the comparable period for the prior year helped by a strong performance from the Europe & International Division and, in particular, the Bags & Specialities business unit where good price increases were secured in kraft paper and the related downstream converting operations. 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 international paper and packaging group and in 2007 had revenues of Euro6.3 billion. Its key operations and interests are in western Europe, emerging Europe, Russia and South Africa. The Group is principally involved in the manufacture of packaging paper and converted packaging products; uncoated fine paper; and speciality products and processes, including coating, release liner and consumer flexibles. Mondi is fully integrated across the paper and packaging process, the growing of wood and manufacture of pulp and paper (including recycled paper) to the converting of packaging papers into corrugated packaging and industrial bags. Mondi has production operations across 35 countries and had an average of 35,000 employees in 2007. 25 July 2008 Sponsor UBS South Africa (Pty) Ltd Date: 25/07/2008 11:00:02 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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