MONDI LIMITED - Notification of Major Interests in Shares

Notification of Major Interests in Shares

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

25 May 2016

Notification of Major Interests in Shares

As part of the dual listed company structure, Mondi Limited and Mondi plc 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
Transparency Rules of the United Kingdom Listing Authority.

1. Identity of the issuer or the underlying issuer of existing shares to which
   voting rights are attached:

   Mondi plc

2. Reason for notification

   Holding decreased below 7%

3. Full name of person(s) subject to the notification obligation:

   Coronation Asset Management (Pty) Ltd

4. Full name of shareholder(s) (if different from 3.):

   N/A

5. Date of the transaction (and date on which the threshold is crossed or
   reached if different):

   24 May 2016

6. Date on which issuer notified:

   24 May 2016
           7. Threshold(s) that is/are crossed or reached:

                7%

           8. Notified details:

           A: Voting rights attached to shares


Class/type of        Situation previous to the     Resulting situation after the triggering transaction
shares               triggering transaction



                     No. of          No. of        No. of         No. of voting rights     % of voting rights
                     shares          Voting        shares
                                     Rights
                                                   Direct         Direct         Indirect Direct    Indirect



GB00B1CRLC47         25,862,888 25,862,888         25,518,504     25,518,504     N/A       6.95%    N/A




           B: Qualifying Financial Instruments

           Resulting situation after the triggering transaction

           Type of                Expiration   Exercise/          Number of voting       % of voting
           financial              date         Conversion         rights that may be     rights
           instrument                          Period             acquired if the
                                                                  instrument is
                                                                  exercised/
                                                                  converted.
           N/A




           C: Financial Instruments with similar economic effect to Qualifying Financial
           Instruments

           Resulting situation after the triggering transaction
Type of         Exercise      Expiration   Exercise/     Number of       % of voting rights
financial       Price         date         Conversion    voting rights
instrument                                 Period        instrument
                                                         refers to
                                                                         Nominal        Delta

N/A


Total (A+B+C)

Number of voting rights                      % of voting rights

25,518,504                                   6.95%


9. Chain of controlled undertakings through which the voting rights and/or the
   financial instruments are effectively held, if applicable:

   N/A

Proxy Voting:

10. Name of the proxy holder:

   Coronation Asset Management (Pty) Ltd

11. Number of voting rights proxy holder will cease to hold:

   N/A

12. Date on which proxy holder will cease to hold voting rights:

   N/A

13. Additional information:

   N/A

14. Contact name:

   Abigail Recker

15. Contact telephone number:

   01932 826 369

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

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