MONDI PLC - Mondi Group: Trading Statement

Mondi Group: Trading Statement

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

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 Limited
and/or the Disclosure and Transparency and Listing Rules of the United Kingdom
Listing Authority.

29 July 2014
Mondi Group: Trading Statement
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 2014, which
will be released on 7 August 2014. It can now be confirmed that underlying operating
profit for the half year ended 30 June 2014 is expected to be above that of the
comparable prior year period of EUR367 million.

In the six months ended 30 June 2013, the Group recognised a net special item
charge after tax of EUR68 million. The net special item charge for the six months
ended 30 June 2014 is around EUR16 million, relating to restructuring activities in
the Group’s Coatings business and a net charge on early redemption of the EUR280
million Eurobond, partly offset by the release of a previously recognised provision for
transaction costs.

Accordingly, Mondi advises that it expects earnings per share (EPS) for the half year
ended 30 June 2014 to be within the ranges shown below:
 - basic underlying EPS (euro cents) 49 to 54 (2013 49.4)
 - basic EPS (euro cents) 46 to 51 (2013 35.3)
 - basic headline EPS (euro cents) 46 to 51 (2013 45.7)


Mondi has disclosed basic underlying EPS, which is defined as basic EPS excluding
the impact of special items, as the directors believe this provides a useful additional
measure of the Group’s underlying performance. Mondi has disclosed basic EPS
which includes the effect of special items. The disclosure of basic headline EPS is
required under the Listings Requirements of the JSE Limited and has been
calculated in accordance with Circular 2/2013 as issued by the South African
Institute of Chartered Accountants.

The above information has neither been reviewed nor audited by Mondi’s auditors.
End


Contact details:

Mondi Group
David Hathorn                        +27 11 994 5418
Andrew King                          +27 11 994 5415
Lora Rossler                         +27 83 627 0292

FTI Consulting
Richard Mountain/Sophie McMillan     +44 20 3727 1374 / +44 20 3727 1359


Editors' notes:

Mondi is an international packaging and paper Group, employing around 26,000 people in
production facilities across 31 countries. In 2013, Mondi had revenues of EUR6.5 billion and
a ROCE of 15.3%. The Group's key operations are located in central Europe, Russia, the
Americas and South Africa.

The Mondi Group is fully integrated across the packaging and paper value chain - from the
management of its own forests and the production of pulp and paper (packaging paper and
uncoated fine paper), to the conversion of packaging paper into corrugated packaging,
industrial bags, extrusion coatings and release liner. Mondi is also a supplier of innovative
consumer packaging solutions, advanced films and hygiene products components.

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. The Group’s performance, and the
responsible approach it takes to good business practice, has been recognised by its
inclusion in the FTSE4Good Global, European and UK Index Series (since 2008) and the
JSE's Socially Responsible Investment (SRI) Index since 2007.


Sponsor in South Africa: UBS South Africa (Pty) Ltd

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