Notification of Major Interests in Shares Mondi Limited (Incorporated in the Republic of South Africa) (Registration number: 1967/013038/06) JSE share code: MND ISIN: ZAE000156550 Mondi plc (Incorporated in England and Wales) (Registered number: 6209386) LEI: 213800LOZA69QFDC9N34 JSE share code: MNP ISIN: GB00B1CRLC47 LSE share code: MNDI 22 November 2018 Notification of Major Interests in Shares As part of the dual listed company structure, Mondi Limited and Mondi plc notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE and/or the Disclosure Guidance and Transparency Rules of the United Kingdom Listing Authority. 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Mondi plc 1b. Please indicate if the issuer is a non-UK issuer: N/A 2. Reason for notification An acquisition or disposal of voting rights 3. Details of person(s) subject to the notification obligation: Name: Public Investment Corporation Soc Limited City and country of registered office: Pretoria, South Africa 4. Full name of shareholder(s) (if different from 3.): N/A 5. Date on which the threshold was crossed or reached: 20 November 2018 6. Date on which issuer notified: 22 November 2018 7. Total positions of person(s) subject to the notification obligation: % of voting % of voting Total of both Total number rights attached rights through in % (8.A + of voting to shares (total financial 8.B) rights of of 8. A) instruments issuer (total of 8.B 1 + 8.B 2) Resulting situation on 4.996 N/A 4.996 367,240,805 the date on which threshold was crossed or reached Position of previous 5.037 N/A 5.037 N/A notification (if applicable) 8. Notified details of the resulting situation on the date which the threshold was crossed or reached: A: Voting rights attached to shares Class/type of No. of voting rights % of voting rights shares ISIN code (if Direct Indirect Direct Indirect possible) (Art 9 of (Art 10 of (Art 9 of (Art 10 of Directive Directive Directive Directive 2004/109/EC) 2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) GB00B1CRLC47 18,348,063 N/A 4.996 N/A Subtotal 8.A 18,348,063 4.996 B1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Type of Expirat Exercise/ Number of % of financial ion Conversion voting rights voting instrument date Period that may be rights acquired if the instrument is exercised/ converted. N/A N/A N/A N/A N/A Subtotal 8.B 1 B2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Type of Expirati Exercise Physical or Number of % of financia on date / cash voting voting l Conversi settlement rights rights instrume on nt Period N/A N/A N/A N/A N/A N/A Subtotal 8.B 2 9. Information in relation to the person subject to the notification obligation Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity: Name % of voting % of voting Total of rights if it rights both if it equals or is through equals or is higher than financial higher than the instruments the notifiable if it equals notifiable threshold or is higher threshold than the notifiable threshold 4.996 4.996 Public Investment Corporation Soc Limited 10. Proxy Voting: Name of the proxy holder: N/A Number and percentage of voting rights held: N/A Date until which voting rights held: N/A 11. Additional information: Place of completion: Pretoria, South Africa Date of completion: 22 November 2018 Sponsor in South Africa: UBS South Africa (Pty) Ltd Date: 22/11/2018 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.