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.

7 December 2023
Mondi receives final payments from sale of Syktyvkar; net proceeds to be distributed
to Mondi shareholders via a special dividend with associated share consolidation
On 17 September 2023, Mondi plc (“Mondi” or the “Company”) announced that it had entered
into an agreement to sell its last remaining facility in Russia, Joint Stock Company Mondi
Syktyvkar, together with two affiliated entities (together “Mondi Syktyvkar”) to Sezar Invest
LLC (“Sezar Invest”), with the transaction completing on 4 October 2023. The total cash
consideration of RUB 80 billion has now been received by Mondi, including the two remaining
instalments in November and December 2023, totalling RUB 23 billion in aggregate, and as
referred to in Mondi’s announcement on 4 October 2023. The proceeds have all been
converted into Euros.
The net proceeds from the sale of all Mondi’s Russian assets, which include both Mondi
Syktyvkar sold in October 2023 and the three converting operations sold in June 2023, amount
to approximately €775 million.
The net proceeds will be distributed to Mondi shareholders by way of a special dividend, with
an associated share consolidation, both subject to shareholder approval.
Distributing the net proceeds by way of a special dividend allows for a timely return of cash to
Mondi shareholders. The accompanying share consolidation is intended, as far as possible,
to maintain the comparability of the Company’s share price before and after the special
dividend is paid.
A circular containing details of the special dividend and share consolidation, as well as a notice
convening a general meeting of shareholders and details of the resolutions to be considered,
is expected to be published shortly. If approved, the special dividend is expected to be paid,
and the share consolidation to take effect, in the first quarter of 2024.
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Enquiries
Investors/analysts:
Fiona Lawrence                                                +44 7425 878 683
Mondi Group Head of Investor Relations

Media:
Chris Gurney                                                  +44 7990 043 764
Mondi Group Head of Corporate Communication
Richard Mountain (FTI Consulting)                             +44 7909 684 466

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.