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Mondi Group – 2022 Final Dividend ZAR/euro Exchange Rate

Published: 2023-02-23 14:30:20 ET
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Mondi plc
Incorporated in England and Wales
Registered number: 6209386
Tax registration number: 454 12394 14454
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00B1CRLC47
JSE share code: MNP

23 February 2023

Mondi Group     2022 Final Dividend ZAR/euro Exchange Rate

On 23 February 2023 Mondi Group announced, in its Preliminary Results announcement, that a
proposed final dividend for the year ended 31 December 2022 of 48.33 euro cents per ordinary
share will be paid on Friday 12 May 2023 to all Mondi plc ordinary shareholders on either the UK
main register or the South African branch register on Friday 31 March 2023.

The final dividend is subject to the approval of shareholders at the annual general meeting
scheduled for Thursday 4 May 2023.

Mondi plc will pay its dividend in euro. However, ordinary shareholders resident in the United
Kingdom will receive the final dividend in sterling (unless shareholders have elected to receive their
dividend in euro). The last date for euro currency elections will be Tuesday 18 April 2023. The
exchange rate for this payment will be set on Thursday 20 April 2023.

Shareholders holding their shares on the South African branch register will receive the final
dividend in South African rand cents, converted on Thursday 23 February 2023 at a rate of EUR 1
to ZAR 19.45225. Therefore, the equivalent gross final dividend in rand cents per ordinary share
will be 940.12724.

For shareholders holding their shares on the South African branch register, the dividend will, for
South African dividends tax purposes, be taxed like local dividends. As such, for South African tax
resident shareholders holding their shares on the South African branch register, dividends
withholding tax will be withheld from the dividends payable to these shareholders at a rate of 20%,
unless a shareholder qualifies for an exemption, resulting in a net final dividend of 752.10179 rand
cents per ordinary share. Shareholders holding their shares on the South African branch register
who are not tax resident in South Africa are exempted from South African dividends withholdings
tax.

For the purposes of South Africa dividends tax reporting, the source of income for the payment of
the dividend is the United Kingdom.

Additional Information

The final dividend will be paid from income reserves.

Mondi plc had a total of 485,553,780 ordinary shares in issue of which 198,945,860 were held on
the branch register, excluding treasury shares, at the final dividend recommendation date of 23
February 2023.

About Mondi
Mondi is a global leader in packaging and paper, contributing to a better world by making
innovative solutions that are sustainable by design. Our business is integrated across the value
chain from managing forests and producing pulp, paper and films, to developing and
manufacturing sustainable consumer and industrial packaging solutions using paper where
possible, plastic when useful. Sustainability is at the centre of our strategy, with our ambitious
commitments to 2030 focused on circular driven solutions, created by empowered people, taking
action on climate.


operations, and employed 22,000 people worldwide. Mondi has a premium listing on the London
Stock Exchange (MNDI), where the Group is a FTSE100 constituent, and also has a secondary
listing on the JSE Limited (MNP).

Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a BofA Securities.