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MONDI LIMITED - Update on Mondis machine glazed speciality kraft paper machine investment at its Steti mill

Release Date: 29/08/2017 14:30
Code(s): MND MNP     PDF:  
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Update on Mondi’s machine glazed speciality kraft paper machine investment at its Steti mill

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
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

29 August 2017

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 Guidance and Transparency Rules and the Listing Rules of the United Kingdom
Listing Authority.

Update on Mondi’s machine glazed speciality kraft paper machine investment at its Steti
mill

Mondi has decided to postpone its €135 million investment in a new 90,000 tonne per annum
machine glazed speciality kraft paper machine at its Steti mill in the Czech Republic.

Commenting on the decision, Peter Oswald, Mondi CEO, said, “We have decided to postpone
the machine glazed speciality kraft paper machine investment after a careful review of market
conditions. While the proposed new machine remains an exciting investment opportunity,
offering the lowest cost production of its sort in Europe, recently announced industry capacity
expansions are expected to result in a market imbalance over the period in which the new
machine was planned to come on line.

There is no change to our €335 million investment in modernising the mill including rebuilding
the fibre lines, de-bottlenecking the existing packaging paper machines and a new recovery
boiler, which is progressing as planned.”

Contact
Lora Rossler
Group Head of Corporate Communication
Tel: +43 664 234 7122 / +27 83 627 0292
Email: lora.rossler@mondigroup.com

or

Andrew King
Group CFO
Tel: +44 1932 826355
E-mail: andrew.king@mondigroup.com


We are Mondi: IN TOUCH EVERY DAY

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. In 2016, Mondi had revenues of €6.7 billion and a return on capital
employed of 20.3%.
We are 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. With over 100 products customised into more
than 100,000 solutions, we offer more than you may expect. Leading brands around the world
rely on our innovative technologies and products across a variety of industries such as
agriculture; automotive; building and construction; chemicals and dangerous goods; food and
beverages; graphic and photographic; home and personal care; medical and pharmaceutical;
office and professional printing; packaging and paper converting; pet care; retail and e-
commerce; and shipping and transport.

We believe sustainable development makes good business sense. It's integral to our
responsible and profitable growth, and embedded in everything we do, every day. We continue
to look for ways to do more with less, promote the responsible management of ecosystems,
develop and inspire our people, and enhance the value that our sustainable product solutions
create.

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. 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

Date: 29/08/2017 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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