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MND / MNP - Mondi Acquires The Industrial And Consumer Bag Operations Of The Smurfit Kappa Group In Western Europe And Disposes Of Its Corrugated Box Plants In The UK 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 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. 19 April 2010 Mondi acquires the industrial and consumer bag operations of the Smurfit Kappa Group in western Europe and disposes of its corrugated box plants in the UK Mondi Group confirms that it has signed an agreement with the Smurfit Kappa Group for the acquisition of its western European industrial and consumer bag operations, which consist of 4 plants in France, 3 in Spain, and 1 in Italy as well as certain sales offices. Mondi will have a net cash inflow of EUR 8m on acquisition of the business. The business had gross assets of EUR 38m as of 31 December, 2009 and losses before tax of EUR 12.6m in the year ended 31 December 2009. The acquired operations will benefit from integration into Mondi`s industrial and consumer bags business. The acquisition is in line with Mondi`s strategy to strengthen its leading market position in industrial and consumer bags in Europe and further increase the forward integration of kraft paper into bags. Mondi confirms further that it has also signed an agreement with the Smurfit Kappa Group for the sale of all three of Mondi`s corrugated box plants in the UK. The shares in the business will be sold for a consideration of EUR 43m on a cash and debt free basis. The consideration will be satisfied in cash at completion. Proceeds will be utilised to reduce Mondi`s net debt. The business being disposed of had gross assets of EUR 60m as of 31 December, 2009 and profits before tax of EUR 2.0m in the year ended 31 December 2009. The divestiture concludes a programme of restructuring the Group`s western European corrugated packaging and recycled containerboard portfolio and will enable Mondi to refine its geographical footprint around its core corrugated positions in central Europe and Turkey. Both deals are conditional on customary completion conditions. /ends Contact Kerry Crandon Mondi Group Tel: +27 11 994 5425 Email: kerry.crandon@mondigroup.com Andrew King Mondi Group Tel: +27 11 994 5415 Email: Andrew.king@mondigroup.com 19 April 2010 Sponsor: UBS South Africa (Pty) Ltd About Mondi Mondi is an international paper and packaging company, with production operations across 31 countries and revenues of Euro5.3 billion in 2009. The Group`s key operations are located in western and emerging Europe, Russia and South Africa and employed 31,000 people on average in 2009. Mondi is fully integrated across the paper and packaging process, from the growing of wood and the manufacture of pulp and paper (including recycled paper), to the conversion of packaging papers into corrugated packaging and industrial bags. The Group is principally involved in the manufacture of uncoated fine paper (UFP), packaging paper and converted packaging products, as well as speciality products. Mondi is a dual listed company, with primary listings on the Johannesburg and London stock exchanges under the ticker codes MND (JSE) and MNDI (LSE) respectively. The Group has been recognised for its sustainability performance through its inclusion in the FTSE4Good UK, Europe and Global indices in 2008 and 2009 and the JSE`s Socially Responsible Investment (SRI) Index in 2007, 2008 and 2009. Date: 19/04/2010 11:30:01 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.
