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


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

FOR IMMEDIATE RELEASE.


5 June 2023
Update on the proposed disposal of Mondi Syktyvkar
Mondi plc (“Mondi” or the “Group”) today confirms that it has advised Augment Investments
Limited (“Augment”) that it is withdrawing from the agreement to sell Mondi’s most significant
facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities
(“Syktyvkar”), to Augment. This follows recent discussions with Augment on its lack of
progress in gaining the necessary approvals to complete this transaction.
As per the terms of the Sale and Purchase Agreement, the Disposal to Augment will therefore
be terminated and will not complete.
The Board remains committed to divest Syktyvkar and will continue to assess all alternative
divestment options.
The proposed disposal of the Group’s three Russian packaging converting operations to Gotek
Group, as announced on 15 December 2022, is not connected with the proposed disposal of
Syktyvkar. This transaction remains in progress.
Enquiries
Investors/analysts:
Fiona Lawrence                                             +44 7425878683
Mondi Group Head of Investor Relations

Media:
Kerry Cooper                                               +44 788 145 5806
Mondi Group Communication Director

Richard Mountain (FTI Consulting)                          +44 790 968 4466

Rothschild & Co (Financial Adviser to Mondi):
John Deans                                                 +44 207 280 5000
Neil Thwaites
Important Notice
This announcement is for information purposes only and does not constitute a prospectus or
prospectus equivalent document. Nothing in this announcement shall constitute an offer or
invitation to underwrite, buy, subscribe, sell or issue of the solicitation of an offer to buy, sell,
acquire, dispose or subscribe for shares of any other securities. Nothing in this announcement
should be interpreted as a term or condition of the Disposal.
The information contained in this announcement is for background purposes only and does
not purport to be full or complete. No reliance may be placed for any purpose on the
information contained in this announcement or its accuracy or completeness. The information
in this announcement is subject to change.
N.M. Rothschild & Sons Limited ("Rothschild & Co") is authorised and regulated in the United
Kingdom by the Financial Conduct Authority (the "FCA") and is acting exclusively for the Group
and no one else in connection with the contents of this document and any other matters
referred to in this document and will not regard any other person (whether or not a recipient of
this document) as a client in relation to any other matters referred to in this document and will
not be responsible to anyone other than the Group for providing the protections afforded to its
clients, or for providing advice, in relation to the contents of this document or any other matter
or arrangement referred to in this document.
Rothschild & Co does not accept any responsibility whatsoever for the contents of this
document, including its accuracy, completeness or verification, or for any other statement
made or purported to be made by it, or on its behalf, in connection with the Group and/or any
other transaction or arrangement referred to herein. Rothschild & Co accordingly disclaims, to
the fullest extent permitted by applicable law, all and any duty, liability, or responsibility
whatsoever whether arising in tort, contract or otherwise, which it might otherwise have in
respect of this document or any such statement. No representation or warranty, express or
implied, is made by Rothschild & Co or any of its affiliates as to the accuracy, completeness,
verification or sufficiency of the information set out in this document, and nothing in this
document will be relied upon as a promise or representation in this respect, whether or not to
the past or future, provided that nothing in this paragraph shall seek to exclude or limit any
responsibilities or liabilities which may arise under the FSMA or the regulatory regime
established thereunder.
Forward-Looking Statements
This document includes forward-looking statements. All statements other than statements of
historical facts included herein, including, without limitation, those regarding Mondi’s financial
position, business strategy, market growth and developments, expectations of growth and
profitability and plans and objectives of management for future operations, are forward-looking
statements. Forward-looking statements are sometimes identified by the use of forward-
looking terminology such as “believe”, “expects”, “may”, “will”, “could”, “should”, “shall”, “risk”,
“intends”, “estimates”, “aims”, “plans”, “predicts”, “continues”, “assumes”, “positioned” or
“anticipates” or the negative thereof, other variations thereon or comparable terminology. Such
forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Mondi, or industry results,
to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such forward-looking statements and other
statements contained in this document regarding matters that are not historical facts involve
predictions and are based on numerous assumptions regarding Mondi’s present and future
business strategies and the environment in which Mondi will operate in the future. These
forward looking statements speak only as of the date on which they are made.
No assurance can be given that such future results will be achieved; various factors could
cause actual future results, performance or events to differ materially from those described in
these statements. Such factors include in particular but without any limitation: (1) operating
factors, such as continued success of manufacturing activities and the achievement of
efficiencies therein, continued success of product development plans and targets, changes in
the degree of protection created by Mondi’s patents and other intellectual property rights and
the availability of capital on acceptable terms; (2) industry conditions, such as strength of
product demand, intensity of competition, prevailing and future global market prices for
Mondi’s products and raw materials and the pricing pressures thereto, financial condition of
the customers, suppliers and the competitors of Mondi and potential introduction of competing
products and technologies by competitors; and (3) general economic conditions, such as rates
of economic growth in Mondi’s principal geographical markets or fluctuations of exchange
rates and interest rates.
Mondi expressly disclaims a) any warranty or liability as to accuracy or completeness of the
information provided herein; and b) any obligation or undertaking to review or confirm analysts’
expectations or estimates or to update any forward-looking statements to reflect any change
in Mondi’s expectations or any events that occur or circumstances that arise after the date of
making any forward-looking statements, unless required to do so by the Disclosure Guidance
and Transparency Rules, the UK Market Abuse Regulation or applicable law or any regulatory
body applicable to Mondi, including the JSE Limited, the FCA and the LSE.
Any reference to future financial performance included in this announcement has not been
reviewed or reported on by the Group’s auditors.
Editor’s notes
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.
In 2022, Mondi had revenues of €8.9 billion and underlying EBITDA of €1.8 billion from
continuing 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.