Mondi completes sale of Mondi Syktyvkar, concluding Russian exit
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
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FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
FOR IMMEDIATE RELEASE.
4 October 2023
Mondi completes sale of Mondi Syktyvkar, concluding Russian exit.
On 17 September 2023 Mondi plc (“Mondi”) announced the agreement to sell its last remaining
facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities
(together “Mondi Syktyvkar”) to Sezar Invest LLC (“Sezar Invest”) for a total cash consideration
of RUB 80 billion.
Mondi is pleased to confirm closing has been accelerated and the sale has now completed.
Mondi has therefore concluded its exit from Russia.
Mondi has received RUB 57 billion into its London bank account and it is in possession of a
letter of credit for the final RUB 23 billion, which will be paid in two equal instalments in each
of November and December 2023.
It is intended that the net proceeds from the sale of all Mondi’s Russian assets will be
distributed to Mondi shareholders in a timely manner once the final instalments of the
consideration in respect of Mondi Syktyvkar have been received.
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Fiona Lawrence +44 7425 878 683
Mondi Group Head of Investor Relations
Chris Gurney +44 7990 043 764
Mondi Group Head of Corporate Communication
Richard Mountain (FTI Consulting) +44 7909 684 466
Mondi is a global leader in packaging and paper, contributing to a better world by making
innovative solutions that are sustainable by design. Our business is integrated across the
value chain – from managing forests and producing pulp, paper and films, to developing and
manufacturing sustainable consumer and industrial packaging solutions using paper where
possible, plastic when useful. Sustainability is at the centre of our strategy, with our ambitious
commitments to 2030 focused on circular driven solutions, created by empowered people,
taking action on climate.
In 2022, Mondi had revenues of €8.9 billion and underlying EBITDA of €1.8 billion from
continuing operations, and employed 22,000 people worldwide. Mondi has a premium listing
on the London Stock Exchange (MNDI), where the Group is a FTSE100 constituent, and also
has a secondary listing on the JSE Limited (MNP).
Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a BofA Securities.
Date: 04-10-2023 12:13:00
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