Upgrade of Moody's Long Term Credit Rating to Baa2

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)(Registration number: 6209386)JSE 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 StockExchange of matters required to be disclosed under the Listings Requirements ofthe JSE and/or the Disclosure and Listing Rules of the United Kingdom ListingAuthority. 30 October 2014 Upgrade of Moody's Long Term Credit Rating to Baa2 Mondi Group is pleased to announce that Moody's Investors Service has upgradedthe Group's credit rating to Baa2 from Baa3. Referring to the improvement in the Group's credit rating, Andrew King, Mondi'sChief Financial Officer, commented, "We welcome Moody's upgrade of our creditrating as recognition of the Group's high quality, low cost and welldiversified asset base. It is further testament to the robustness of theGroup's business model and the ability of the business to generate strongcashflows through the business cycle." Contact details: James Paterson +44 (0)1932 826340Andrew King +27 (0)11 994 5415Lora Rossler +27 83 627 0292 About Mondi Mondi is an international packaging and paper Group, employing around 26,000people in production facilities across 31 countries. In 2013, Mondi hadrevenues of EUR6.5 billion and a ROCE of 15.3%. The Group's key operations arelocated in central Europe, Russia, the Americas and South Africa. The Mondi Group is fully integrated across the packaging and paper value chain- from the management of its own forests and the production of pulp and paper(packaging paper and uncoated fine paper), to the conversion of packaging paperinto corrugated packaging, industrial bags, extrusion coatings and releaseliner. Mondi is also a supplier of innovative consumer packaging solutions,advanced films and hygiene products components. Mondi has a dual listed company structure, with a primary listing on the JSELimited for Mondi Limited under the ticker code MND and a premium listing onthe London Stock Exchange for Mondi plc, under the ticker code MNDI. TheGroup's performance, and the responsible approach it takes to good businesspractice, has been recognised by its inclusion in the FTSE4Good Global,European and UK Index Series (since 2008) and the JSE's Socially ResponsibleInvestment (SRI) Index since 2007.

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