MONDI LIMITED - Mondi Group signs an agreement to acquire Powerflute

Mondi Group signs an agreement to acquire Powerflute

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



22 December 2017

As part of the dual listed company structure, Mondi Limited and Mondi plc (the “Companies” and together
“Mondi Group”, the “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.

Mondi Group signs an agreement to acquire Powerflute

Mondi Group has signed an agreement to acquire 100% of the outstanding shares in Powerflute Group
Holdings Oy (“Powerflute” or the “Company”), a division of Nordic Packaging and Container Holdings
(“NPAC Holdings”), for a total consideration of €365 million on an enterprise value basis.

Powerflute operates an integrated pulp and paper mill in Kuopio (Finland) with an annual production capacity
of 285,000 tonnes of high-performance semi-chemical fluting. Powerflute’s premium semi-chemical fluting
is sold to a diverse range of customers, primarily for packaging fresh fruit and vegetables, but also other
end-uses such as electronics, chemicals and pharmaceuticals. Around half of the Company’s production is
sold in Europe, while the remainder is exported globally.

For the year ended 31 December 2017, the Company is expected to generate revenues of around €183
million and unaudited pro-forma adjusted EBITDA of around €42 million. Powerflute will be integrated into
Mondi’s Packaging Paper Business Unit.

Commenting on the acquisition, Peter Oswald, Chief executive of Mondi Group, said: “The acquisition of
Powerflute supports our strategy of investing in high-quality packaging and paper assets. We are excited by
this opportunity to expand our customer offering by further broadening our containerboard product range
and geographic reach.”

The transaction remains subject to competition clearance and customary closing conditions and is expected
to complete in the first half of 2018.



Contact details:

 Mondi Group

 Andrew King                                          +44 193 282 6355
 Group CFO
 Clara Valera
 Group Head of Strategy and Investor Relations         +44 193 282 6357

 Sara Sizer                                            +43 664 244 9994
 Group Head of Communication & Marketing


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.

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