2016 Interim Dividend ZAR/euro Exchange Rate

MONDI PLC - 2016 Interim Dividend ZAR/euro Exchange Rate

PR Newswire

London, August 4

Mondi LimitedIncorporated in the Republic of South AfricaRegistered office: 4th Floor, No.3 Melrose Boulevard, Melrose Arch 2196, Gauteng, RSARegistration number: 1967/013038/06Tax registration number: 920/0017/71/4PJSE share code: MND ISIN: ZAE000156550

Mondi plcIncorporated in England and WalesRegistered office: 1st Floor, Building 1, Aviator Park, Station Road, Addlestone, Surrey KT15 2PG, UKRegistered number: 6209386Tax registration number: 454 12394 14454JSE share code: MNP ISIN: GB00B1CRLC47LSE 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 Guidance and Transparency Rules and the Listing Rules of the United Kingdom Listing Authority.

4 August 2016

Mondi Group – 2016 Interim Dividend ZAR/euro Exchange Rate

On 4 August 2016 Mondi Group announced, in its Half-Yearly Report announcement, that an interim dividend for the year ending 31 December 2016 of 18.81 euro cents per ordinary share will be paid on 13 September 2016 to all Mondi Limited and Mondi plc ordinary shareholders on the relevant registers on 19 August 2016.

Mondi Limited and Mondi plc will pay their respective dividends as follows:

Mondi Limited

Mondi Limited will pay its dividend in South African rand cents. The applicable exchange rate is EUR 1 to ZAR 15.35580.

Therefore, the equivalent gross interim dividend in rand cents per ordinary share will be 288.84260. Dividend tax will be withheld from Mondi Limited shareholders at a rate of 15%, unless a shareholder qualifies for an exemption, resulting in a net dividend of 245.51621 rand cents per ordinary share.

Mondi plc

Mondi plc will pay its dividend in euro. 

However, ordinary shareholders resident in the United Kingdom will receive the dividend in sterling (unless shareholders have elected to receive their dividend in euro). The last date for euro currency elections will be 19 August 2016. The exchange rate for this payment will be set on 26 August 2016.

In addition, Mondi plc South African branch register shareholders will receive the dividend in South African rand cents, converted at a rate of EUR 1 to ZAR 15.35580. Therefore, the equivalent gross interim dividend in rand cents per ordinary share will be 288.84260. Dividend tax will be withheld from Mondi plc South African branch register shareholders at a rate of 15%, unless a shareholder qualifies for an exemption, resulting in a net dividend of 245.51621 rand cents per ordinary share.

Additional Information

The interim dividend will be paid from income reserves.

Mondi Limited had a total of 118,312,975 ordinary shares in issue and Mondi plc 367,240,805 ordinary shares in issue of which 115,571,988 were held on the branch register, excluding treasury shares, at the dividend declaration date of 4 August 2016.

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