MONDI LIMITED - Mondi Group signs agreement to acquire Kalenobel

Mondi Group signs agreement to acquire Kalenobel

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


2 June 2016

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 Kalenobel

Mondi Group has signed an agreement for the acquisition of 90% of the outstanding share
capital in Kalenobel* from ARGUS Capital, a CEE focused private equity group, and M. Olcay
Hephiz, one of the company’s founders, for a consideration of around EUR90 million on a
debt-and-cash-free basis (consideration for 90% of the business).

Established in 1955, Kalenobel is a Turkish consumer packaging company focused on the
manufacture of flexible consumer packaging for ice cream and other applications as well as
aseptic cartons. The company is headquartered in Istanbul and operates two manufacturing
sites northwest of the city.

Kalenobel serves both international FMCG companies as well as regional food and beverage
producers. The company exports approximately half of its production, mainly to Western
Europe, the Middle East and North Africa.

Commenting on the acquisition, David Hathorn, Chief executive of Mondi Group, said: “The
acquisition of Kalenobel supports the growth of our Consumer Packaging business,
broadening our product portfolio and geographic reach to better serve our customers in high-
growth markets”.

The transaction remains subject to competition clearance and other customary closing
conditions and is expected to complete during the second half of 2016.
* Kale Nobel Ambalaj Sanayi ve Ticaret Anonim Sirketi.



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


We are Mondi: In touch every day

At Mondi, our products protect and preserve the things that matter.

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, end consumers and industrial end
uses - touching the lives of millions of people every day. In 2015, Mondi had revenues of
EUR6.8 billion and a return on capital employed of 20.5%.

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, acting sustainably makes good business sense and is 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.


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

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