Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI      ISIN: GB00B1CRLC47
JSE share code: MNP



6 March 2023


TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.20 EACH

On 6 March 2023, awards of shares took place under the Mondi plc Bonus Share
Plan (BSP) and Long Term Incentive Plan (LTIP).

Mondi plc Bonus Share Plan

Date of transaction             6 March 2023
Class of share                  Ordinary
Option price                    Nil cost option
Vesting date                    After the announcement of the final results for
                                2025 in early 2026
Additional Information          The share award under the BSP represents half
                                of the Executive’s total bonus as approved by the
                                Remuneration Committee. In line with the
                                standard methodology adopted each year, the
                                number of shares under award is determined
                                with reference to the average share price over
                                three days commencing with the announcement
                                of results.

Mondi plc Long Term Incentive Plan

Date of transaction             6 March 2023
Class of share                  Ordinary
Option price                    Nil cost option
Vesting date                    After the announcement of the final results for
                                2025 in early 2026, subject to achievement of the
                                performance conditions
Holding Period                  For the executive directors, any shares which
                                vest will be subject to a two year holding period
                                from the date of vesting
Performance conditions          50% ROCE, 25% TSR and 25% cumulative EPS
                                each measured over the 3 financial years ending
                                31 December 2025
Additional Information          The LTIP award is based on a percentage of the
                                Executive’s salary as approved by the
                                Remuneration Committee. In line with the
                                   standard methodology adopted each year, the
                                   number of shares under award is determined
                                   with reference to the average share price over
                                   three days commencing with the announcement
                                   of results.

There follow notification forms for directors/PDMRs of Mondi plc.


Sponsor in South Africa: Merrill Lynch South Africa (Pty) Ltd t/s BofA Securities
   Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Vivien McMenamin

2 Reason for the notification
a) Position/status          CEO, South Africa

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Bonus Share Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  7,672


d) Aggregated information

     - Aggregated volume        7,672


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Vivien McMenamin

2 Reason for the notification
a) Position/status          CEO, South Africa

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Long Term Incentive Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  13,810


d) Aggregated information

     - Aggregated volume        13,810


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Andrew King

2 Reason for the notification
a) Position/status          Group CEO

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Bonus Share Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  63,779


d) Aggregated information

     - Aggregated volume        63,779


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Andrew King

2 Reason for the notification
a) Position/status          Group CEO

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Long Term Incentive Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  175,110


d) Aggregated information

     - Aggregated volume        175,110


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Mike Powell

2 Reason for the notification
a) Position/status          Group CFO

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Bonus Share Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  37,761


d) Aggregated information

     - Aggregated volume        37,761


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Mike Powell

2 Reason for the notification
a) Position/status          Group CFO

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Long Term Incentive Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  101,947


d) Aggregated information

     - Aggregated volume        101,947


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Markus Gaertner

2 Reason for the notification
a) Position/status          CEO, Corrugated Packaging

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Bonus Share Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  17,801


d) Aggregated information

     - Aggregated volume        17,801


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Markus Gaertner

2 Reason for the notification
a) Position/status          CEO, Corrugated Packaging

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Long Term Incentive Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  42,169


d) Aggregated information

     - Aggregated volume        42,169


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Lars Mallasch

2 Reason for the notification
a) Position/status          Group Technical & Sustainability Director

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Bonus Share Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  10,134


d) Aggregated information

     - Aggregated volume        10,134


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Lars Mallasch

2 Reason for the notification
a) Position/status          Group Technical & Sustainability Director

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Long Term Incentive Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  18,531


d) Aggregated information

     - Aggregated volume        18,531


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Thomas Ott

2 Reason for the notification
a) Position/status          CEO, Flexible Packaging

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Bonus Share Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  18,726


d) Aggregated information

     - Aggregated volume        18,726


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Thomas Ott

2 Reason for the notification
a) Position/status          CEO, Flexible Packaging

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Long Term Incentive Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  41,742


d) Aggregated information

     - Aggregated volume        41,742


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Gunilla Saltin

2 Reason for the notification
a) Position/status          CEO, Uncoated Fine Paper

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Bonus Share Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  18,917


d) Aggregated information

     - Aggregated volume        18,917


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Gunilla Saltin

2 Reason for the notification
a) Position/status          CEO, Uncoated Fine Paper

b) Initial notification /       Initial notification
   Amendment

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor
a) Name                      Mondi plc

b) LEI                          213800LOZA69QFDC9N34

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted
a) Description of the        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

     Identification code        GB00B1CRLC47

b) Nature of the                Grant of shares as options under the Mondi plc
   transaction                  Long Term Incentive Plan

c) Price(s) and volume(s)        Transaction(s) Price(s)             Volume(s)
                                 Grant          Nil                  35,141


d) Aggregated information

     - Aggregated volume        35,141


     - Price                    Nil

e) Date of transaction          2023-03-06

f)   Place of the transaction   Outside trading venue – off market