Transactions in Mondi plc ordinary shares of €0.20 each Mondi plc (Incorporated in England and Wales) (Registered number: 6209386) LEI: 213800LOZA69QFDC9N34 LSE share code: MNDI ISIN: GB00B1CRLC47 JSE share code: MNP 2 December 2020 TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.20 EACH On 2 December 2020, an award of shares took place under the Mondi plc Long Term Incentive Plan (LTIP). Mondi plc Long Term Incentive Plan Date of transaction 2 December 2020 Class of share Ordinary Option price Nil cost option Vesting date 69,211 shares will vest in March 2022 and 39,427 shares will vest in March 2023, subject to achievement of the performance conditions. Holding Period Any shares which vest will be subject to a two year holding period from the date of vesting. Performance conditions The vesting of these awards is subject to performance against a combination of total shareholder return (TSR) and return on capital employed (ROCE) performance targets. The grant of 69,211 shares will be assessed based on performance over the three financial years to 2021, and the grant of 39,427 shares based on three financial years to 2022. The performance targets are as disclosed for these performance periods in the Company’s previous Directors’ Remuneration Reports. Additional Information These awards were approved by the Remuneration Committee, in accordance with the Company’s Remuneration Policy, to replace variable remuneration at Mike’s previous employer which was forfeited in order to join the Group. Further details will be disclosed in the Director’s Remuneration Report for the current financial year. There follows a notification form for a director of Mondi plc. Sponsor in South Africa: UBS South Africa (Pty) Ltd 1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person a) Name Mike Powell 2 Reason for the notification a) Position/status Group CFO b) Initial notification / Initial notification Amendment 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Mondi plc b) LEI 213800LOZA69QFDC9N34 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the Ordinary shares of €0.20 each financial instrument, type of instrument Identification code GB00B1CRLC47 b) Nature of the Grant of shares as options under the Mondi plc transaction Long Term Incentive Plan c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s) (1) Grant Nil 69,211 (2) Grant Nil 39,427 d) Aggregated information - Aggregated volume (1) 69,211 (2) 39,427 - Price (1) Nil (2) Nil e) Date of transaction 2020-12-02 f) Place of the transaction Outside trading venue – off market Date: 02-12-2020 05:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.