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)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

22 May 2015

As part of the dual listed company structure, Mondi Limited and Mondi plc
(together "Mondi Group") 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 Rules and Transparency Rules and/or the
Listing Rules of the United Kingdom Listing Authority.

Mondi Group signs agreement to acquire two Walki Group extrusion coatings sites

Mondi Group has signed an agreement with Walki Oy ("Walki") for the acquisition
of two extrusion coatings plants located in Pietarsaari, Finland and Wroclaw,
Poland (the "Operations").

The consideration to be paid for 100% of the Operations amounts to EUR60m on a
debt- and cash-free basis and will be paid in cash at completion. For the
twelve months ended 30 April 2015, the Operations generated unaudited pro forma
consolidated adjusted revenues of EUR113m and unaudited pro forma consolidated
adjusted EBITDA of EUR9m.

The acquisition will strengthen Mondi Group's position in the European
extrusion coatings market and increase the range of technical capabilities on
offer to customers. The transaction remains subject to competition clearance
and other customary closure conditions and is expected to complete by the third
quarter of 2015.

Poyry Capital is acting as financial adviser to Mondi.

Contact:

Mondi Group
Lora Rossler
Group Head of Communications
Tel: +27 (0)31 451 2111 or +27 (0)83 627 0292
E-mail: lora.rossler@mondigroup.co.za

Andrew King
Group CFO
Tel: +27 (0)11 994 5415
E-mail: andrew.king@mondigroup.com


About Mondi:

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. We offer over 100 packaging and
paper products, customised into more than 100,000 different solutions for
customers and end consumers. In 2014, Mondi had revenues of EUR6.4 billion and
a return on capital employed of 17.2%.

The Mondi Group is 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. Our innovative technologies and products can be found in a variety
of applications including hygiene components, stand-up pouches, super-strong
cement bags, clever retail boxes and office paper. Our key customers are in
industries such as automotive; building and construction; chemicals; food and
beverage; home and personal care; medical and pharmaceutical; packaging and
paper converting; pet care; and office and professional printing.

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.

For us, sustainable development makes good business sense. We don't just talk
about sustainability; we make it part of the way we work every day. 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

Copyright y 22 PR Newswire

Mondi (LSE:MNDI)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Mondi Charts.
Mondi (LSE:MNDI)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Mondi Charts.