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MND/MNP - Mondi Limited/Mondi plc - Long Term Corporate Credit Ratings Mondi Limited (Incorporated in the Republic of South Africa) (Registration number: 1967/013038/06) JSE share code: MND ISIN: ZAE000156550 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 companies structure, Mondi Limited and Mondi plc (together "Mondi Group") notify both the JSE Limited ("JSE") and the London Stock Exchange ("LSE") of matters required to be disclosed under the Listings Requirements of the JSE and/or the Disclosure and Transparency and Listing Rules of the United Kingdom Listing Authority. Long Term Corporate Credit Ratings Mondi plc is pleased to announce that Standard and Poor`s has upgraded Mondi`s credit rating to BBB- outlook stable (from BB+ outlook positive). Standard and Poor`s commented that the upgrade reflects Mondi`s improved operating performance, cash flows and credit measures. This is supported by the revision of the Group`s business risk profile, quoting Mondi`s favorable cost position with a well-invested asset base, leading positions in emerging markets and meaningful geographic and end-market diversity. Referring to the improvement in the Group`s credit rating, Andrew King, Mondi`s Chief Financial Officer, commented, "We welcome S&P`s upgrade of Mondi to investment grade, reflecting the Group`s clear commitment to achieving and sustaining investment grade credit metrics. It is further testament to the robustness of the Group`s business model and the ability of the business to generate meaningful cash flows through the business cycle. We now have investment grade credit ratings from both Moody`s (Baa3 outlook positive) and S&P (BBB- outlook stable) which will further improve our access to liquidity and provide additional financial flexibility going forward." Contact details: James Paterson +44 (0)1932 826340 Andrew King +27 (0)11 994 5415 Lora Rossler +27 (0)31 451 2040 Editors` notes About Mondi: Mondi is an international paper and packaging Group, with production operations across 31 countries and revenues of Euro6.2 billion in 2010. The Group`s key operations are located in central Europe, Russia and South Africa and as at the end of 2010, Mondi employed 29,000 people (2010 figures include Mpact Limited). 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, industrial bags and coatings. The Group is principally involved in the manufacture of packaging paper, converted packaging products and uncoated fine paper (UFP). Mondi has a dual listed companies structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker code MND and a premium listing on the London Stock Exchange for Mondi plc, under the ticker code MNDI, as well as a secondary listing for Mondi plc on the JSE under the ticker code MNP. The Group has been recognised for its sustainability through its inclusion in the FTSE4Good UK, Europe and Global indices in 2008, 2009 and 2010 and the JSE`s Socially Responsible Investment (SRI) Index in 2007, 2008, 2009 and 2010. 3 October 2011 Sponsor: UBS South Africa (Pty) Ltd Date: 03/10/2011 16:50:01 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.
