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MONDI LIMITED - Mondi to sell Neusiedler to its 51% held subsidiary Mondi SCP a.s. (Ruzomberok)

Release Date: 25/02/2016 09:00
Code(s): MND MNP     PDF:  
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Mondi to sell Neusiedler to its 51% held subsidiary Mondi SCP a.s. (Ruzomberok)

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 to sell Neusiedler to its 51% held subsidiary Mondi SCP a.s. (Ruzomberok)

Mondi has signed an agreement to sell its wholly owned uncoated fine paper operations in
Austria, Hausmening and Kematen (together, “Neusiedler”) to one of its subsidiaries, Mondi
SCP, a.s. (“SCP”). Mondi has a 51% interest in SCP, while the remaining 49% is held by
ECO-INVEST, a.s., (“Ecoinvest”). The resultant disposal reduces Mondi’s effective
ownership in Neusiedler from 100% to 51%, with Ecoinvest owning the remaining 49%.

SCP owns and operates the uncoated fine paper mill in Ruzomberok, Slovakia. The
transaction will enable Neusiedler and SCP to better align and optimise their product portfolio
and production capacity.

SCP will pay a cash consideration of EUR30 million for 100% of Neusiedler. SCP will also
assume debt and debt-like liabilities relating to the business which imply an enterprise value
of EUR115 million for 100% of Neusiedler. If certain EBITDA targets are met, SCP would pay
an additional, limited, consideration (1).

Ecoinvest is a related party as defined in LR 11.1.4R of the UKLA Listing Rules and this
announcement is made in accordance with paragraph LR11.1.10R of the UKLA Listing Rules
(smaller related party transactions). The transaction does not fall into the requirements set
out in Section 10 (transactions with related parties) of the JSE Listing Requirements.

The transaction is expected to complete in March 2016.
(1) For regulatory reasons, a notional EUR100 million earn-out cap has been agreed.

Contact:

Mondi Group
Lora Rossler
Group Head of Communications
Tel: +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 EUR6.4 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.

25 February 2016

Sponsor in South Africa: UBS South Africa (Pty) Ltd
Sponsor in United Kingdom: UBS Limited

Date: 25/02/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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