Mondi PLC

Earnings Release • Jul 29, 2014

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MONDI PLC - Trading Statement

PR Newswire

London, July 28

Mondi Limited(Incorporated in the Republic of South Africa)(Registration number: 1967/013038/06)JSE share code: MND ISIN: ZAE000156550Mondi plc(Incorporated in England and Wales)(Registered number: 6209386)JSE share code: MNP ISIN: GB00B1CRLC47LSE share code: MNDIAs part of the dual listed company structure, Mondi Limited and Mondi plc(together 'Mondi Group') notify both the JSE Limited and the London StockExchange of matters required to be disclosed under the Listings Requirements ofthe JSE Limited and/or the Disclosure and Transparency and Listing Rules of theUnited Kingdom Listing Authority.29 July 2014Mondi Group: Trading StatementIn terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,companies are required to publish a trading statement as soon as they becomereasonably certain that the financial results for the period to be reported onnext will differ by at least 20% from those of the previous correspondingperiod.Mondi is currently finalising its results for the half year ended 30 June 2014,which will be released on 7 August 2014. It can now be confirmed thatunderlying operating profit for the half year ended 30 June 2014 is expected tobe above that of the comparable prior year period of EUR367 million.In the six months ended 30 June 2013, the Group recognised a net special itemcharge after tax of EUR68 million. The net special item charge for the sixmonths ended 30 June 2014 is around EUR16 million, relating to restructuringactivities in the Group's Coatings business and a net charge on earlyredemption of the EUR280 million Eurobond, partly offset by the release of apreviously recognised provision for transaction costs.Accordingly, Mondi advises that it expects earnings per share (EPS) for thehalf year ended 30 June 2014 to be within the ranges shown below: * basic underlying EPS (euro cents) 49 to 54 (2013 49.4) * basic EPS (euro cents) 46 to 51 (2013 35.3) * basic headline EPS (euro cents) 46 to 51 (2013 45.7)Mondi has disclosed basic underlying EPS, which is defined as basic EPSexcluding the impact of special items, as the directors believe this provides auseful additional measure of the Group's underlying performance. Mondi hasdisclosed basic EPS which includes the effect of special items. The disclosureof basic headline EPS is required under the Listings Requirements of the JSELimited and has been calculated in accordance with Circular 2/2013 as issued bythe South African Institute of Chartered Accountants.The above information has neither been reviewed nor audited by Mondi'sauditors.EndContact details:Mondi GroupDavid Hathorn +27 11 994 5418Andrew King +27 11 994 5415Lora Rossler +27 83 627 0292FTI ConsultingRichard Mountain/Sophie McMillan +44 20 3727 1374 / +44 20 3727 1359Editors' notes:Mondi is an international packaging and paper Group, employing around 26,000people in production facilities across 31 countries. In 2013, Mondi hadrevenues of EUR6.5 billion and a ROCE of 15.3%. The Group's key operations arelocated in central Europe, Russia, the Americas and South Africa.The Mondi Group is fully integrated across the packaging and paper value chain- from the management of its own forests and the production of pulp and paper(packaging paper and uncoated fine paper), to the conversion of packaging paperinto corrugated packaging, industrial bags, extrusion coatings and releaseliner. Mondi is also a supplier of innovative consumer packaging solutions,advanced films and hygiene products components.Mondi has a dual listed company structure, with a primary listing on the JSELimited for Mondi Limited under the ticker code MND and a premium listing onthe London Stock Exchange for Mondi plc, under the ticker code MNDI. TheGroup's performance, and the responsible approach it takes to good businesspractice, has been recognised by its inclusion in the FTSE4Good Global,European and UK Index Series (since 2008) and the JSE's Socially ResponsibleInvestment (SRI) Index since 2007.

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