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MND/MNP - Mondi - Arbitration court ruling clears way for Mondi Swiecie`s

Release Date: 14/02/2012 15:00
Code(s): MND MNP
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MND/MNP - Mondi - Arbitration court ruling clears way for Mondi Swiecie`s acquisition of Saturn Management Sp. z o.o. 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) (Registered number: 6209386) JSE share code: MNP ISIN: GB00B1CRLC47 LSE share code: MNDI Arbitration court ruling clears way for Mondi Swiecie`s acquisition of Saturn Management Sp. z o.o. 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 Listings Requirements of the JSE and/or the Disclosure and Transparency and Listing Rules of the United Kingdom Listing Authority. Mondi Group wishes to draw attention to subsidiary Mondi Owiecie S.A.`s announcement confirming that a ruling in its favour has been made by the Arbitration Court concerning its intention to exercise an option to acquire 100% of the shares in Saturn Management Sp. z o.o (SM). On 7 February 2011 Mondi Group advised of Mondi Owiecie S.A.`s intention to exercise its option to acquire 100% of the shares in Saturn Management Sp. z o.o. The transaction was subject to obtaining a ruling from the Arbitration Court of the National Chamber of Commerce in Poland confirming that the Voluntary Call Option (as provided for in an Agreement between the parties dated 29 April 2002) remains binding on the conditions set out in the claim, including inter alia the determination of the purchase price. Contact details: Mondi Group David Hathorn +27 (0)11 994 5418 Andrew King +27 (0)11 994 5415 Lora Rossler +27 (0)31 451 2111 / +27 (0)83 627 0292 FTI Consulting Richard Mountain +44 20 7269 7186 / +44 20 7909 684 466 Chloe Webb +27 (0)11 214 2421 Editors` notes: 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 company 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. 14 February 2012 Sponsor: UBS South Africa (Pty) Ltd Date: 14/02/2012 15:00:02 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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