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MONDI LIMITED - Upgrade of Moodys Long Term Credit Rating to Baa2

Release Date: 30/10/2014 12:30
Code(s): MND MNP     PDF:  
Wrap Text
Upgrade of Moody’s Long Term Credit Rating to Baa2

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 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 Listing Rules of the United Kingdom Listing Authority.


30 October 2014

Upgrade of Moody’s Long Term Credit Rating to Baa2

Mondi Group is pleased to announce that Moody’s Investors Service has upgraded the
Group’s credit rating to Baa2 from Baa3.

Referring to the improvement in the Group’s credit rating, Andrew King, Mondi’s Chief
Financial Officer, commented, "We welcome Moody’s upgrade of our credit rating as
recognition of the Group’s high quality, low cost and well diversified asset base. It is
further testament to the robustness of the Group’s business model and the ability of the
business to generate strong cashflows through the business cycle.”

Contact details:

James Paterson                       +44 (0)1932 826340
Andrew King                          +27 (0)11 994 5415
Lora Rossler                         +27 83 627 0292

About Mondi

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

Date: 30/10/2014 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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