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
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 and Transparency and Listing Rules of the
United Kingdom Listing Authority.
12 May 2015
Upgrade of Standard & Poor's (S&P) Long Term Credit Rating to BBB
Mondi Group is pleased to announce that S&P has upgraded the Group's credit
rating to BBB stable Outlook from BBB-.
Referring to the improvement in the Group's credit rating, Andrew King, Mondi's
Chief Financial Officer, commented, "We are pleased to confirm that S&P have
upgraded our credit rating in recognition of the Group's strong cash flows and
profitability from our high quality, low cost and well diversified asset base.
The upgrade, supported by an improvement in the Group's business risk profile,
is testament to the ongoing strategy of investing in the current asset base and
undertaking selective acquisitions to grow our packaging business."
Contact details:
James Paterson +44 (0)1932 826340
Andrew King +27 (0)11 994 5415
Lora Rossler +27 83 627 0292
About Mondi
We are Mondi: In touch every day
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 €6.4 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, acting sustainably 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 Proprietary Limited