MONDI LIMITED - Mondi Group signs agreement to acquire Ascania nonwoven Germany

Mondi Group signs agreement to acquire Ascania nonwoven Germany

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

Mondi Group signs agreement to acquire Ascania nonwoven Germany

Mondi Group has signed an agreement for the acquisition of 100% of the outstanding share
capital of Ascania nonwoven Germany GmbH (“Ascania”) from Schloss Neugattersleben
Group, a private equity investment group for a total consideration of EUR54m on a debt-and-
cash-free basis (5.7x LTM EBITDA).

Ascania is a producer of nonwoven fabrics and nonwoven composites used as components
in personal care products. The business operates from one site based in Aschersleben,
Germany. Ascania is a key supplier of nonwovens for diaper elastic laminates to Mondi. The
business employs around 150 people and will be integrated into Mondi’s Consumer
Packaging Business Unit. For the twelve months ended 31 May 2015, Ascania generated
unaudited revenues of EUR53m and EBITDA of EUR9.5m.

Commenting on the acquisition, David Hathorn, Chief Executive of Mondi Group, said: “This
acquisition supports the development of our Consumer Packaging business. It will strengthen
Mondi’s position as the preferred supplier of hygiene components such as elastic laminates
for diapers and enable further growth with innovative products for baby diapers, adult
incontinence, femcare and medical applications.”

The transaction remains subject to competition clearance and is expected to complete by the
fourth quarter of 2015.



Contact:

Mondi Group
Lora Rossler
Group Head of Communications
Tel: +27 (0)31 451 2111 or +27 (0)83 627 0292
E-mail: lora.rossler@mondigroup.co.za

Andrew King
Group CFO
Tel: +27 (0)11 994 5415
E-mail: andrew.king@mondigroup.com
About Mondi:

Mondi is an international packaging and paper Group, employing around 25,000 people
across more than 30 countries. Our key operations are located in central Europe, Russia,
North America and South Africa. We offer over 100 packaging and paper products,
customised into more than 100,000 different solutions for customers and end consumers. In
2014, Mondi had revenues of €6.4 billion and a return on capital employed of 17.2%.

The Mondi Group is fully integrated across the packaging and paper value chain - from
managing forests and producing pulp, paper and compound plastics, to developing effective
and innovative industrial and consumer packaging solutions. Our innovative technologies
and products can be found in a variety of applications including hygiene components, stand-
up pouches, super-strong cement bags, clever retail boxes and office paper. Our key
customers are in industries such as automotive; building and construction; chemicals; food
and beverage; home and personal care; medical and pharmaceutical; packaging and paper
converting; pet care; and office and professional printing.

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.

For us, sustainable development makes good business sense. We don’t just talk about
sustainability; we make it part of the way we work every day. We have been included in the
FTSE4Good Index Series since 2008 and the JSE's Socially Responsible Investment (SRI)
Index since 2007.


18 September 2015

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

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