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

19 June 2023

Publication of Sustainability-Linked Bond Framework

Mondi plc (Mondi), a global leader in sustainable packaging and paper, has launched its
Sustainability-Linked Bond Framework (the “SLB Framework”). The SLB Framework supports
the future issuance of Sustainability-Linked Bond transactions and aligns bonds issued under
it with our ambitious sustainability targets. The SLB Framework is aligned with the ICMA
Sustainability-Linked Bond Principles 2020 and has been independently assessed by ISS
ESG.

The Mondi Action Plan 2030 (“MAP2030”) is the Group’s sustainability framework which sets
out targets and milestones in order for the Group to meet its sustainability commitments. A
key pillar of MAP2030 is taking action on climate. Mondi is among the first packaging and
paper companies with Net-Zero targets validated by the Science Based Targets initiative
(SBTi), committing us to reducing greenhouse gas (GHG) emissions across Scopes 1, 2 and
3.

The sustainability performance targets in the SLB Framework align with our Net-Zero targets
and contribute to the UN Sustainable Development Goal (SDG) 13 Climate Action and are:

 ·    Reduce absolute Scope 1 and 2 GHG emissions by 46.2% in aggregate by 2030
      compared to 2019

 ·    Reduce absolute Scope 3 GHG emissions by 27.5% by 2030 compared to 2019

Separately, Mondi Finance plc and Mondi Finance Europe GmbH published the prospectus in
connection with the €3,000,000,000 Guaranteed Euro Medium Term Note Programme (EMTN
programme).

Mike Powell, Mondi´s Chief Financial Officer, said:

‘Mondi is a leader in sustainability and setting up this sustainably-linked bond framework for
the future issuance of Sustainability-Linked Bonds builds on our strategy of aligning our debt
with our MAP2030 targets and is an important step in our sustainability journey. This builds
on the sustainability linked revolving credit facility we signed in 2021 and further embeds
sustainability into our capital structure in line with our purpose to be Sustainable by Design.”

Mondi’s SLB Framework, Second Party Opinion and EMTN Prospectus are available at:
https://www.mondigroup.com/en/investors/debt-investors/

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Enquiries

Investors/analysts:
Fiona Lawrence                                               +44 742 587 8683
Mondi Group Head of Investor Relations

Debt investors:
James Paterson
Mondi Group Treasurer                                         +44 799 053 4384

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

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).

mondigroup.com

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