Upgrade of S&P Long Term Credit Rating to BBB

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 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. 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 creditrating to BBB stable Outlook from BBB-. Referring to the improvement in the Group's credit rating, Andrew King, Mondi'sChief Financial Officer, commented, "We are pleased to confirm that S&P haveupgraded our credit rating in recognition of the Group's strong cash flows andprofitability 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 andundertaking selective acquisitions to grow our packaging business." Contact details: James Paterson +44 (0)1932 826340Andrew King +27 (0)11 994 5415Lora Rossler +27 83 627 0292 About Mondi We are Mondi: In touch every day Mondi is an international packaging and paper Group, employing around 25,000people across more than 30 countries. Our key operations are located in centralEurope, Russia, North America and South Africa. We offer over 100 packaging andpaper products, customised into more than 100,000 different solutions forcustomers and end consumers. In 2014, Mondi had revenues of €6.4 billion and areturn 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, todeveloping effective and innovative industrial and consumer packagingsolutions. Our innovative technologies and products can be found in a varietyof applications including hygiene components, stand-up pouches, super-strongcement bags, clever retail boxes and office paper. Our key customers are inindustries such as automotive; building and construction; chemicals; food andbeverage; home and personal care; medical and pharmaceutical; packaging andpaper converting; pet care; and office and professional printing. 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. For us, acting sustainably makes good business sense. We don't just talk aboutsustainability; we make it part of the way we work every day. We have beenincluded in the FTSE4Good Index Series since 2008 and the JSE's SociallyResponsible Investment (SRI) Index since 2007.

Sponsor in South Africa: UBS South Africa Proprietary Limited