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Trading Statement

19th Feb 2014 07:00

MONDI PLC - Trading Statement

MONDI PLC - Trading Statement

PR Newswire

London, February 18

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: GB00B1CRLC47LSE share code: MNDI 19 February 2014 Mondi Group: Trading Statement As 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. In 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 year ended 31 December 2013which will be released on 28 February 2014. As indicated in Mondi's InterimManagement Statement released on 6 November 2013, the Group's underlyingoperating profit for the first nine months of 2013 of EUR538 million was abovethat of the comparable prior year period of EUR410 million. It can now beconfirmed that underlying operating profit for the year ended 31 December 2013is expected to be above that achieved in 2012 (EUR574 million). Furthermore, in the prior year, the Group recognised a net special item chargeafter tax of EUR92 million. The equivalent special item charge for the yearended 31 December 2013 is expected to be around EUR74 million, of which EUR68million was recognised in the first half. Accordingly, Mondi advises that it expects earnings per share (EPS) for theyear ended 31 December 2013 to be within the ranges shown below: * basic earnings per share (euro cents) 77-82 (2012 50.1) * basic headline earnings per share (euro cents) 88-93 (2012 62.9) * basic underlying earnings per share (euro cents) 92-97 (2012 69.2) 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. End Contact details: Mondi GroupDavid Hathorn +27 11 994 5418Andrew King +27 11 994 5415Lora Rossler +27 83 627 0292 FTI ConsultingRichard Mountain/Sophie McMillan +44 20 7269 7186 / +44 20 7909 684 466 Editors' notes: Mondi is an international packaging and paper Group, with production operationsacross 30 countries and revenue of EUR5.8 billion in 2012. The Group's keyoperations are located in central Europe, Russia, the Americas and South Africaand as at the end of 2012, Mondi employed 25,700 people. Mondi Group is fully integrated across the packaging and paper value chain,from the growing of wood and the production of pulp and paper (packaging paperand uncoated fine paper), to the conversion of packaging paper into corrugatedpackaging, industrial bags, extrusion coatings and release liner. Mondi is alsoa supplier of innovative consumer packaging solutions, advanced films andhygiene products components. Mondi Group has a dual listed company structure, with a primary listing on theJSE Limited for Mondi Limited under the ticker code MND and a premium listingon the London Stock Exchange for Mondi plc, under the ticker code MNDI. TheGroup has been recognised for its sustainability through its inclusion in theFTSE4Good Global, European and UK Index Series (since 2008) and the JSE'sSocially Responsible Investment (SRI) Index since 2007. The Group was alsoincluded in the Carbon Disclosure Project's (CDP) Carbon Disclosure LeadershipIndex for the third year and in CDP's Carbon Performance Leadership Index(CPLI) for the first time in 2012.

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


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