Mondi plc
Incorporated in England and Wales
Registered number: 6209386
Tax registration number: 454 12394 14454
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00BMWC6P49
JSE share code: MNP

22 February 2024

Mondi Group – 2023 Final Dividend ZAR/euro Exchange Rate

On 22 February 2024 Mondi Group announced, in its Preliminary Results announcement, that a
proposed final dividend for the year ended 31 December 2023 of 46.67 euro cents per ordinary
share will be paid on Tuesday 14 May 2024 to all Mondi plc ordinary shareholders on either the UK
main register or the South African branch register on Friday 5 April 2024.

The final dividend is subject to the approval of shareholders at the annual general meeting
scheduled for Friday 3 May 2024.

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 Friday 19 April 2024. The
euro/sterling exchange rate for this payment will be set on Tuesday 23 April 2024.

Shareholders holding their shares on the South African branch register will receive the final
dividend in South African rand cents, converted on Thursday 22 February 2024 at a rate of EUR 1
to ZAR 20.50179. Therefore, the equivalent gross final dividend in rand cents per ordinary share
will be 956.81854.

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 765.45483 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 441,412,530 ordinary shares in issue of which 191,630,695 were held on
the branch register, excluding treasury shares, at the final dividend recommendation date of 22
February 2024.

About Mondi
Mondi is a global leader in packaging and paper, contributing to a better world by producing
products that are sustainable by design. We employ 22,000 people in more than 30 countries and
operate an integrated business with expertise spanning the entire value chain, enabling us to
offer our customers a broad range of innovative solutions for consumer and industrial end-use
applications. 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 2023, Mondi had revenues of €7.3 billion and underlying EBITDA of €1.2 billion. 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.