Mondi PLC

Remuneration Information • Mar 24, 2017

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MONDI PLC - Director/PDMR Shareholding

PR Newswire

London, March 24

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

As part of the dual listed company structure, Mondi Limited and Mondi plc notify both the JSE Limited and the London Stock Exchange of those interests (and changes to those interests) of directors of both entities, the respective company secretaries and persons discharging managerial responsibilities across the Group and, in certain instances, the directors of major subsidiaries of Mondi Limited in the securities of Mondi Limited and Mondi plc which are required to be disclosed under the Listings Requirements of the JSE and/or the Disclosure Guidance and Transparency Rules of the United Kingdom Listing Authority. To comply with the requirements in Articles 7 and 9 of the regulatory technical standards of the Transparency Directive (2004/109/EC), this announcement is classified as additional regulated information required to be disclosed under the laws of a Member State.

In accordance with Rules 3.63-3.74 of the Listings Requirements of the JSE and/or the Disclosure Guidance and Transparency Rules we advise of the following:

24 March 2017

TRANSACTIONS IN MONDI LIMITED ORDINARY SHARES OF NO PAR VALUE AND MONDI plc ORDINARY SHARES OF €0.20 EACH

On 24 March 2017, conditional awards of shares took place under the Mondi Limited and Mondi plc Bonus Share Plan (BSP) and Long Term Incentive Plan (LTIP).

Mondi Limited and Mondi plc Bonus Share Plan

Date of transaction	24 March 2017
Class of share	Ordinary
Option price	Nil cost award
Vesting date	After the announcement of the final results for 2019 in early 2020
Additional Information	The share award under the BSP represents half of the Executive’s total bonus as approved by the Mondi DLC Remuneration Committee. In line with the standard methodology adopted each year, the number of shares under award is determined with reference to the average share price over three days commencing with the announcement of results.

Mondi Limited and Mondi plc Long Term Incentive Plan

Date of transaction	24 March 2017
Class of share	Ordinary
Option price	Nil cost award
Vesting date	After the announcement of the final results for 2019 in early 2020
Performance conditions	One half TSR and one half ROCE each measured over the 3 financial years ending 31 December 2020.
Additional Information	The LTIP award is based on a percentage of the Executive’s salary as approved by the Mondi DLC Remuneration Committee. In line with the standard methodology adopted each year, the number of shares under award is determined with reference to the average share price over three days commencing with the announcement of results.

The requisite approval for the granting of the awards summarised below was obtained:

Name	Position	Award	Total number of shares awarded
David Hathorn	Director	Mondi Limited Bonus Share Plan	7,499
David Hathorn	Director	Mondi Limited Long Term Incentive Plan	27,426
Andrew King	Director	Mondi Limited Bonus Share Plan	3,608
Philip Laubscher	Company Secretary, Mondi Limited	Mondi Limited Bonus Share Plan	2,436
Philip Laubscher	Company Secretary, Mondi Limited	Mondi Limited Long Term Incentive Plan	7,463
Jenny Hampshire	Company Secretary, Mondi plc	Mondi plc Long Term Incentive Plan	2,133
David Hathorn	Director	Mondi plc Bonus Share Plan	17,515
David Hathorn	Director	Mondi plc Long Term Incentive Plan	64,060
Andrew King	Director	Mondi plc Bonus Share Plan	8,427
Peter Oswald	Director	Mondi plc Bonus Share Plan	17,730
Ron Traill	PDMR	Mondi plc Bonus Share Plan	8,138
Ron Traill	PDMR	Mondi plc Long Term Incentive Plan	23,839
John Lindahl	PDMR	Mondi plc Bonus Share Plan	7,126
John Lindahl	PDMR	Mondi plc Long Term Incentive Plan	21,749

Andrew King and Peter Oswald will be granted LTIP awards after the Annual General Meetings on 11 May 2017.

There follow notification forms for each of the above directors/PDMRs of Mondi Limited and Mondi plc. In addition, in order to satisfy the Listings Requirements of the JSE, notification forms for the Company Secretaries of Mondi Limited and Mondi plc are also included.

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

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NameDavid Hathorn2Reason for the notificationa)Position/statusGroup CEOb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi Limitedb)LEIN/A4Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of no par value

ZAE000156550b)Nature of the transactionConditional grant of shares under the Mondi Limited Bonus Share Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	7,499

d)Aggregated information

- Aggregated volume

- Price

7,499

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NameDavid Hathorn2Reason for the notificationa)Position/statusGroup CEOb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi Limitedb)LEIN/A4Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of no par value

ZAE000156550b)Nature of the transactionConditional grant of shares under the Mondi Limited Long Term Incentive Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	27,426

d)Aggregated information

- Aggregated volume

- Price

27,426

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NameAndrew King2Reason for the notificationa)Position/statusGroup CFOb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi Limitedb)LEIN/A4Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of no par value

ZAE000156550b)Nature of the transactionConditional grant of shares under the Mondi Limited Bonus Share Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	3,608

d)Aggregated information

- Aggregated volume

- Price

3,608

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NamePhilip Laubscher2Reason for the notificationa)Position/statusCompany Secretary, Mondi Limitedb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi Limitedb)LEIN/A4Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of no par value

ZAE000156550b)Nature of the transactionConditional grant of shares under the Mondi Limited Bonus Share Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	2,436

d)Aggregated information

- Aggregated volume

- Price

2,436

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NamePhilip Laubscher2Reason for the notificationa)Position/statusCompany Secretary, Mondi Limitedb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi Limitedb)LEIN/A4Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of no par value

ZAE000156550b)Nature of the transactionConditional grant of shares under the Mondi Limited Long Term Incentive Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	7,463

d)Aggregated information

- Aggregated volume

- Price

7,463

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NameJenny Hampshire2Reason for the notificationa)Position/statusCompany Secretary, Mondi plcb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi plcb)LEI213800LOZA69QFDC9N344Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of €0.20 each

GB00B1CRLC47b)Nature of the transactionConditional grant of shares under the Mondi plc Long Term Incentive Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	2,133

d)Aggregated information

- Aggregated volume

- Price

2,133

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NameDavid Hathorn2Reason for the notificationa)Position/statusGroup CEOb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi plcb)LEI213800LOZA69QFDC9N344Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of €0.20 each

GB00B1CRLC47b)Nature of the transactionConditional grant of shares under the Mondi plc Bonus Share Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	17,515

d)Aggregated information

- Aggregated volume

- Price

17,515

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NameDavid Hathorn2Reason for the notificationa)Position/statusGroup CEOb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi plcb)LEI213800LOZA69QFDC9N344Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of €0.20 each

GB00B1CRLC47b)Nature of the transactionConditional grant of shares under the Mondi plc Long Term Incentive Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	64,060

d)Aggregated information

- Aggregated volume

- Price

64,060

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NameAndrew King2Reason for the notificationa)Position/statusGroup CFOb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi plcb)LEI213800LOZA69QFDC9N344Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of €0.20 each

GB00B1CRLC47b)Nature of the transactionConditional grant of shares under the Mondi plc Bonus Share Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	8,427

d)Aggregated information

- Aggregated volume

- Price

8,427

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NamePeter Oswald2Reason for the notificationa)Position/statusCEO Europe & Internationalb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi plcb)LEI213800LOZA69QFDC9N344Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of €0.20 each

GB00B1CRLC47b)Nature of the transactionConditional grant of shares under the Mondi plc Bonus Share Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	17,730

d)Aggregated information

- Aggregated volume

- Price

17,730

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NameRon Traill2Reason for the notificationa)Position/statusCEO Mondi SA Divisionb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi plcb)LEI213800LOZA69QFDC9N344Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of €0.20 each

GB00B1CRLC47b)Nature of the transactionConditional grant of shares under the Mondi plc Bonus Share Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	8,138

d)Aggregated information

- Aggregated volume

- Price

8,138

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NameRon Traill2Reason for the notificationa)Position/statusCEO Mondi SA Divisionb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi plcb)LEI213800LOZA69QFDC9N344Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of €0.20 each

GB00B1CRLC47b)Nature of the transactionConditional grant of shares under the Mondi plc Long Term Incentive Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	23,839

d)Aggregated information

- Aggregated volume

- Price

23,839

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NameJohn Lindahl2Reason for the notificationa)Position/statusGroup Technical Directorb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi plcb)LEI213800LOZA69QFDC9N344Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of €0.20 each

GB00B1CRLC47b)Nature of the transactionConditional grant of shares under the Mondi plc Bonus Share Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	7,126

d)Aggregated information

- Aggregated volume

- Price

7,126

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue

1Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted persona)NameJohn Lindahl2Reason for the notificationa)Position/statusGroup Technical Directorb)Initial notification / AmendmentInitial notification3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameMondi plcb)LEI213800LOZA69QFDC9N344Details 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 conducteda)Description of the financial instrument, type of instrument

Identification codeOrdinary shares of €0.20 each

GB00B1CRLC47b)Nature of the transactionConditional grant of shares under the Mondi plc Long Term Incentive Planc)Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	21,749

d)Aggregated information

- Aggregated volume

- Price

21,749

Nile)Date of transaction2017-03-24f)Place of the transactionOutside trading venue