MONDI PLC - Mondi Group signs agreement to acquire KSP

Mondi Group signs agreement to acquire KSP

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” or “Mondi”) 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 KSP

Mondi Group has signed an agreement for the acquisition of 95%
of the outstanding share capital in KSP, Co. and related
interests (“KSP”).

Established in 1973, KSP is a flexible packaging company
specialised in the production of high-quality spouted and
retort stand-up pouches for the food, pet food and beverage
industries with its main manufacturing site near Seoul, South
Korea and an interest in a plant near Bangkok, Thailand. KSP
exports approximately two thirds of its production, mainly to
the US, Europe and other Asian countries. For the twelve
months ended 31 December 2014, KSP generated revenues of
approximately USD50 million.

KSP offers an excellent product fit with Mondi’s stand-up
pouch operations in Korneuburg, Austria and Jackson, US and
will enable Mondi to better serve its customers in the US and
Asia.

Commenting on the acquisition, David Hathorn, Chief Executive
of Mondi Group, said: “This acquisition further supports
Mondi’s strategy to develop in high value-added, high-growth
markets in our Consumer Packaging business.”

The transaction remains subject to competition clearance and
other customary closing conditions and is expected to complete
during 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.


2 November 2015

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

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