We are Mondi: IN TOUCH EVERY DAY Mondi is an international packaging and paper group, employing around 25,000 people across more than 30 countries. Our key operations are located in central Europe, Russia, North America and South Africa. In 2016, Mondi had revenues of €6.7 billion and a return on capital employed of 20.3%. We are fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and compound plastics, to developing effective and innovative industrial and consumer packaging solutions. With over 100 products customised into more than 100,000 solutions, we offer more than you may expect. Leading brands around the world rely on our innovative technologies and products across a variety of industries such as agriculture; automotive; building and construction; chemicals and dangerous goods; food and beverages; graphic and photographic; home and personal care; medical and pharmaceutical; office and professional printing; packaging and paper converting; pet care; retail and e-commerce; and shipping and transport. We believe sustainable development makes good business sense. It's integral to our responsible and profitable growth, and embedded in everything we do, every day. We continue to look for ways to do more with less, promote the responsible management of ecosystems, develop and inspire our people, and enhance the value that our sustainable product solutions create. Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker code MND and a premium listing on the London Stock Exchange for Mondi plc, under the ticker code MNDI. We have been included in the FTSE4Good Index Series since 2008 and the JSE's Socially Responsible Investment (SRI) Index since 2007.

1. Mondi
Group presentation
Status: May 2017

2. May 2017
IN TOUCH EVERY DAY
Our products touch millions of lives,
every day.
International
packaging and paper
group, employing
around 25,000 people.
Over 100 operations
across more than
30 countries.
Primary listing on
the JSE Limited for
Mondi Limited.
Premium listing on the
London Stock Exchange
for Mondi plc.
2Group presentation

3. International.
Every day.
We act locally.
At around 100 sites.
Worldwide.
May 2017 3Group presentation

4. Our Group consists of 5 business units which produce over 100 products customised into more than
100,000 solutions.
Our key operations are located in central Europe, Russia, North America and South Africa.
May 2017
Mondi Group
Containerboard
Packaging Paper
Sack Kraft Paper
Speciality Kraft Paper
Fibre Packaging
Corrugated Packaging
Industrial Bags
Extrusion Coatings
Consumer Packaging
Consumer Goods
Packaging
Personal Care
Components
Uncoated Fine Paper
Release Liner
Technical Films
South Africa
Pulp
Uncoated Fine Paper
Containerboard
4Group presentation

5. Mondi operates locally with more than 100 operations across more than 30 countries.
Mondi Group – Network
Asia
North America
May 2017 5
Europe
Africa
Group presentation

6. May 2017
Our history – key developments
€770 million for major strategic capital projects
New lightweight recycled containerboard machine and corrugated
box plant, Świecie, Poland
Over 90% ownership Syktyvkar mill, Russia
Majority ownership Świecie mill, Poland
1881
Founding of Frantschach pulp and paper mill,
Austria
Acquisition of Pine Bluff kraft paper mill and 9 industrial bags plants, USA
Syktyvkar mill extension and modernisation
Demerger of Mondi Packaging South Africa
Demerger of the Mondi Group from Anglo American plc
Acquisition of majority stake in Tire Kutsan, Turkey
Acquisitions:
 Majority Frantschach mill, Austria
 50% Ružomberok UFP and pulp mill, Slovakia
 Kraft paper, industrial bags and extrusion coatings businesses of AssiDomän
1793
Founding of the Neusiedler paper mill, Austria
2013–2016
2012
2009
2002
1997
2014
2010–2011
2007
2000
Acquisitions:
 Ascania (nonwoven hygiene components), Germany
 KSP (consumer goods packaging), South Korea and Thailand
2015
Acquisitions:
 Uralplastic, Russia, and Kalenobel, Turkey (flexible consumer packaging)
 SIMET, Poland, and Lebedyan, Russia (corrugated packaging)
€310 million kraft top white containerboard machine, Ružomberok, Slovakia
2016
Acquisition of Excelsior Technologies, UK
€470 million Štětí mill modernisation and expansion
2017
Acquisitions:
 Nordenia, Europe, US
 Duropack operations, Germany and Czech Republic
 Swiecie minorities
1967 Founding of Mondi
6Group presentation

7. The Mondi Way
May 2017
We delight you with innovative and sustainable packaging
and paper solutions. Every day.
To deliver sustainable value by providing high-quality packaging
and paper solutions through:
● Driving performance
● Investing in our high-quality, low-cost assets
● Innovating through customer partnerships
● Growing responsibly and inspiring our people
Purpose
Strategy
Operating Framework
Culture & Values
The Mondi Diamond
● Operational Excellence
● Successful Customers
● Sustainable Development
● Cutting-edge Solution
● Inspired People
We are dynamic, entrepreneurial and empowered
● Passion for performance
We are respectful and responsible
● Caring
We encourage honesty and transparency
● Acting with integrity
7Group presentation

8. May 2017
Our Operating Framework – The Mondi Diamond
● Target zero harm through an
uncompromising commitment to safety
and promote a healthy work environment
● Manage our resources responsibly,
reduce environmental impacts,
and enhance social value
Sustainable Development
● Listen to our customers and work
in partnership to create innovative,
high-quality and sustainable solutions
● Collaborative across our businesses,
leveraging our global network and
expertise to create value for our
customers
Cutting-edge Solutions
● Continuously improve our processes
to optimise costs, productivity, efficiency
and margins
● Deliver on quality and service expectations
Operational Excellence
● Understanding market and customer
needs to develop long-term
partnerships
● Offer exceptional value with products
and services that our customers
recognise as top-quality
Successful Customers
● Embrace diversity and employee
integration, valuing our differences
and respecting each other
● Create a collaborative, inspiring work
environment and enable our people
by offering a wide range of learning
experiences
Inspired People
8Group presentation

9. May 2017
Performance driven.
Every day.
We’re passionate about
performance.
It’s in our DNA.
9Group presentation

10. In 2016, Mondi had revenues of €6.7 billion and a ROCE of 20.3%. Mondi has a dual listed company structure,
with a primary listing on the JSE Limited for Mondi Limited and a premium listing on the London Stock Exchange
for Mondi plc.
Mondi Group 2016 2015 Change (2016 vs 2015)
Revenue €6,662m €6,819m (2%)
Underlying EBITDA1
€1,366m €1,325m 3%
Underlying operating profit1
€981m €957m 3%
ROCE2
20.3% 20.5% -
May 2017
Mondi Group – Key figures
1 The Group presents underlying EBITDA and operating profit as measures which exclude special items in order to provide a more effective comparison of the underlying financial performance
of the Group.
2 ROCE is underlying profit expressed as a percentage of the average capital employed for the year, adjusted for impairments and spend on strategic projects which are not yet in operation.
10Group presentation

11. Today packaging represents more than 70% of the Mondi Group’s product mix.
May 2017
Mondi Group – Key figures
Mondi Group 2016 2015 Change
Revenue
Packaging Paper €2,056m €2,156m (5%)
Fibre Packaging €1,929m €2,031m (5%)
Consumer Packaging €1,562m €1,469m 6%
Uncoated Fine Paper €1,246m €1,233m 1%
South Africa €594m €652m (9%)
Underlying operating profit1
Packaging Paper €361m €391m (8%)
Fibre Packaging €123m €120m 3%
Consumer Packaging €121m €108m 12%
Uncoated Fine Paper €264m €212m 25%
South Africa €147m €161m (9%)
1 The Group presents the underlying operating profit as a measure which excludes special items in order to provide a more effective comparison of the underlying financial performance of the Group.
11Group presentation

12. May 2017
Production statistics 2016
Containerboard
2,253 k tonnes
Kraft paper
1,204 k tonnes
Uncoated fine paper
1,666 k tonnes
Market pulp
547 k tonnes
Newsprint
313 k tonnes
Corrugated board and boxes
1,448 million m2
Industrial bags
4,881 million units
Extrusion coatings
1,249 million m2
Consumer packaging
7,156 million m2
Total market pulp and paper = 5,983 k tonnes
12Group presentation

13. We develop and maintain leading positions* in our core packaging and uncoated fine paper markets.
May 2017
A top player in our markets
Europe1 Emerging Europe2
1 Europe including Russia and Turkey
2 Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Georgia, Hungary, Latvia, Lithuania, Macedonia, Malta, Moldova, Montenegro,
Poland, Romania, Serbia, Slovakia, Slovenia, Turkey, Ukraine
* This document includes market share estimates prepared by the Group based on industry publications and management estimates. Main industry publication sources are: RISI, PÖYRY, PCI, Eurosac,
Henry Poole Consulting, Freedonia, EMGE, Eurograph delivery statistics, Pyrabelisk and Alexander Watson Associates.
North America
#2
Virgin
container-
board
#1
Kraft
paper
#1
Industrial
bags
#2
Extrusion
coatings
#1
Commercial
release
liner
#3
Consumer
goods
packaging
#1
Uncoated
fine paper
#1
Office
paper
#1
Container-
board
#3
Corrugated
packaging
#1
Industrial
bags
13Group presentation

14. Value chain
Forest Pulp mill Pulp
Paper
for recycling
Paper mill Recycled and virgin
containerboard
Box plant
Corrugated
packaging
Forest Pulp mill Pulp Paper mill Uncoated fine paper Finishing
Office and professional
printing paper
Pulp mill Pulp Paper mill Sack kraft paper and
speciality kraft paper
Converting plant
Industrial bags
Barrier coatings
Resins
Nonwoven plant
Film extrusion plant
Nonwovens
Films
Technical films
Personal care
components
Flexible packaging,
bags & pouches
Converting plant
May 2017
Release liners
14Group presentation

15. May 2017
Packaging and paper.
Every day.
We create brilliant packaging
and paper solutions that help
our customers succeed.
And help their customers live
their lives.
15Group presentation

16. Quality, partnership and experience at your service. Every day.
● Leading international player in virgin and recycled containerboard
● Unique technical customer service offers
● Enhanced options in the lightweight kraftliner portfolio in light of changing
customer needs
● Pioneer in the kraft top liner market and one of the world’s leading suppliers of
white top kraftliner
● Driving cutting-edge technology to offer products that meet changing customer
expectations: printability, strength and moisture resistance
May 2017
Containerboard
Appearance Semi ChemKraft Recycled
5 mills
6 sales offices
1 R&D centre
16Group presentation

17. More than 100 years of expertise in papermaking
● Strong commitment to high-quality sack kraft papers
● Based on virgin fibre sourced in accordance with international forestry certification
schemes
● Advantage product portfolio includes brown, white as well as PE-coated paper
grades, ideally suited for various types of industrial bags
● Reliable, fast and global sack kraft paper supplier
May 2017
Sack kraft paper
FoodChemicals Other industries
5 mills
7 sales offices
2 R&D centres
Cement & building
materials
17Group presentation

18. The one-stop shop for your paper-based packaging needs
● Broad speciality kraft paper portfolio designed for special needs and customised
applications: brown, white and brown recycled grades
● Virgin fibre sourced in accordance with international forestry certification schemes
● Experts in translating customer requirements into tailored packaging solutions
● With our R&D centres we offer a unique technological knowledge hub
May 2017
Speciality kraft paper
Bags and shoppers Release baseCoating and laminates
4 mills
7 sales offices
2 R&D centres
18Group presentation

19. Creating high-performance corrugated solutions for your needs
● We are a leading supplier of corrugated packaging in Europe, with strong focus
on central and south-east Europe
● Full range of standard and tailor-made corrugated packaging solutions
for a variety of industries, including the food, consumer goods, e-commerce
and automotive sectors
● Network of product innovation managers, R&D-dedicated infrastructure and
optimisation tools
May 2017
Corrugated packaging
16 plants
4 sales offices
Barrier optionIndustrialE-retailRetail
19Group presentation

20. Your competent and reliable partner for industrial bags
● A trusted leader with operations in 29 countries, ensuring international presence
and local service across an integrated value chain
● Development of improved processes and tailor-made solutions together with
our customers
● Technical bag expertise at its best through extensive know-how in paper,
bag converting and filling equipment
● Bag to nature – sustainable industrial bag solutions from the Mondi Green Range
May 2017
Industrial bags
42 plants
7 sales offices
1 R&D centre
Protector
bags
Self-standing
open mouth bags
Pasted
valve bags
Pasted/sewn
open mouth bags
Pinch bottom
bags
20Group presentation

21. We protect against wind, water, fire and earth
● High-quality, cost- and energy-efficient technical solutions for various industries,
including the automotive, building, food, industrial paper and packaging, medical
and pharmaceutical as well as graphical sectors
● Extrusion coating and laminating for functional enhancement of various substrates,
such as paper, board, films, nonwovens and scrims
May 2017
Barrier coatings
AutomotivesFoam papersConsumer goods Specialities
5 plants
Transport
packaging
21Group presentation

22. Attractive and convenient packaging for the consumer industry
● Our high-quality product range includes pre-made bags, versatile
stand-up pouches and high-performance barrier materials (any
combination of film and paper).
● The majority of production sites are BRC/IoP- and ISO 9001:2008-certified,
ensuring highest quality and hygiene standards
May 2017
Flexible packaging, bags & pouches
19 plants
4 sales offices
1 R&D centrePre-made bagsCustomised
reel stock
PACK BAG POUCH SLEEVES, TUBES & LIDS
Ice cream and
confectionery packaging
Pre-made
standup pouches
22Group presentation

23. Hygiene components and film solutions for individual needs
● Leading supplier of innovative diaper components and siliconised films
and papers for the hygiene industry
● Nonwovens, e.g. for hygiene, medical or household applications
● Various laminates for diaper closure applications and adult incontinence products
● Elastic films used in waistband and side panel applications
● Siliconised, multicolour printed films used in femcare applications
May 2017
Personal care components
4 plants
1 R&D centre
Elastic materials NonwovensFrontal tapes Siliconised wrapper
films
23Group presentation

24. In touch with your self-adhesive products
● Tailor-made, silicone-coated and speciality release liners, specifically designed
for your self-adhesive or pressure-sensitive applications
● Applications served include graphic arts, tapes, fibre composites, labels, envelopes,
medical and many more
● With our transatlantic operations, we offer high-quality and competitive product and
service solutions as well as a stable and reliable supply chain
May 2017
Release liners
7 plants
1 logistics office
1 sales office
1 R&D centre
Graphic arts TapesFibre composites LabelsHygiene
24Group presentation

25. Flexible building blocks for your products
● Specialists in blown and cast film extrusion
● Advanced high-barrier films meeting the needs of the food industry
● Trusted partner for international label stock producers
● Full range supplier of laminating films and specialised in automotive, technical
and industrial applications
● Customised product solutions for our customers and markets
May 2017
Technical films
5 plants
2 sales offices
1 R&D centreConverter (barrier)
films
Label filmsTechnical
specialities
Consumer
barrier films
25Group presentation

26. Leading office and printing paper producer in Europe and South Africa
● A complete office portfolio: premium, everyday paper and a full tinted range
● Wide range of whiteness levels, textures, grammages and recycled grades for
all your office applications
● Achieves optimal results on laser, inkjet and copy machines
● Green Range = a symbol for sustainably produced papers for office users
May 2017
Office paper
Color Copy NAUTILUS®IQ color/
MAESTRO® color
5 mills
13 sales offices
1 R&D centreSnegurochka
26Group presentation

27. One-stop paper manufacturer for graphic printing needs
● Full range of digital printing papers: Color Copy, DNS®, BIO TOP 3®, NAUTILUS®,
PERGRAPHICA®
● Wide portfolio of smooth, high-white/white, off-white, recycled, coloured and coated
papers for digital, hybrid, HP Indigo, high-speed inkjet or offset presses
● Converting solutions for specialised products
● With the NEUJET® portfolio, high-speed inkjet printers enjoy excellent image
reproduction with deep and rich colours at unprecedented speed and cost
effectiveness
May 2017
Professional printing paper
BIO TOP 3®Color CopyPERGRAPHICA® NEUJET®
4 mills
13 sales offices
1 R&D centre
27Group presentation

28. May 2017
Customer focused.
Every day.
We’re reliable.
Every day we keep the
promises we make.
28Group presentation

29. May 2017
Full-range supplier
Agriculture Automotive Building and construction Chemicals and dangerous goods
Graphic and photographic Home and personal careDurable consumer goods Food and beverages
29Group presentation

30. May 2017
Full-range supplier
Medical and pharmaceutical Office paper Paper and packaging converting Pet care
Professional printing Retail and e-commerce Shipping and transport
Visit mondigroup.com/portfolio to explore solutions for your industry.
30Group presentation

31. Innovative.
Every day.
We’re innovators, creators,
pioneers – listeners. We love
to find smarter ways to help
our customers do it better.
May 2017 31Group presentation

32. Research and Development
Developing creative and sustainable solutions for your success.
May 2017
Packaging Paper R&D Innovation Centre
Develops containerboard, speciality and sack
kraft paper products and optimises processes
Uncoated Fine Paper Development Centre
Develops and improves office and professional printing
papers with excellent offset and digital print results
Food Safety Laboratory
Develops smart and customised packaging solutions optimised for
food contact and supports our customers in meeting increasingly
stringent regulatory requirements
Bag Application Centre
Researches and tests our packaging solutions in our customers’
own processes to ensure we fulfil customer requirements for
industrial bags
Consumer Packaging R&D Centre
Develops innovative flexible film solutions with state-of-the-art
equipment in analytics and pilot plant, taking into account the
latest developments in raw materials and processing and
conversion technologies
Print Competence Centre
Produces the very best possible print quality with optimised
ink consumption for a variety of our sack kraft paper,
speciality kraft paper and containerboard grades
32Group presentation

33. May 2017
Cutting edge products
Advantage Print
grades*
PERGRAPHICA® iFoodbag pak-(k)it®
.
Our two new sack kraft
grades combine excellent
printability with the strength
of standard sack kraft
paper. Customers benefit
from new branding
possibilities and lower total
packaging costs.
*Advantage Kraft White Print and
Advantage Semi Extensible White Print
With its look and
feel PERGRAPHICA®
reflects emotions that bring
your story to life. Experience
its distinctive shades and
surfaces and you will realise:
with PERGRAPHICA®
anything is possible, even
perfection.
Innovative packaging
solution in partnership with
iFoodbag: paper-based
composite material protects
chilled/frozen goods for up
to 24 hours.
The 3-in-1 pak-(k)it®
simplifies handling and
saves space in every step
from storage and
packaging to dispatch.
33Group presentation

34. May 2017
Unfold (y)our
true potential.
Every day.
We want to be a place
where everyone can grow.
Careers can be made.
And opportunities unfold.
34Group presentation

35. Working at Mondi is exciting and challenging!
May 2017
An inspiring place to work
It’s a place where careers and opportunities can flourish. That’s why we say:
“Unfold your and our true potential.”
35Group presentation

36. The Mondi Academy offers 40 courses covering Mondi technologies, business tools as well as personal
and leadership skills.
May 2017
The Mondi Academy
Technical
Excellence
Business
Excellence
Personal
Excellence
Leadership
Excellence
Customised
programmes for
 Mondi products
 Processes
 Technologies
 Markets
● Finance
● Project management
● Business English
● Change
● Innovation
● Presentation
techniques
● Negotiation
skills
● Conflict
management
● Intercultural
diversity
● Management
techniques
● Leadership
styles
● Motivation
● Delegation
● Target setting
● Sales
● Procurement
● Shift leaders
● Finance managers
● Customer service
● Many more
36Group presentation

37. May 2017
Sustainable.
Every day.
When we think about today,
we never forget tomorrow.
37Group presentation

38. May 2017
Our sustainability performance in 2016
1 Regrettably in February 2017 we suffered a fatality in our South African forestry operations
Refreshed
and launched
Sustainable
Development
Policies
Rolled out our Growing
Responsibly model 25th
anniversary of WWF-Mondi
Wetlands Programme
Launched
WWF Boreal Forest Platform in
Russia together with WWF
Achieved CDP
‘Leadership A’ List
for Climate, Forest
and Supply Chain
reduction in specific
CO2e since 2014
9%
reduction in specific COD
emissions since 2015
5%
reduction in specific waste
to landfill since 2015
11%of wood and
67%
of external pulp
procured FSC

or
PEFC
TM
certified
81%
invested in community projects
€7.9m
790,000
0 fatalities
1
and life-altering
Injuries, and 0.66 TRCR
training hours for employees
38Group presentation

39. May 2017
Sustainability
Employee and
contractor safety
● Avoid work-related
employee and
contractor fatalities
● Prevent life-altering injuries
● Reduce TRCR by 5%
A skilled and
committed
workforce
● Engage with
our people to
create a better
workplace
Fairness and
diversity in the
workplace
● Promote
fair working
conditions in
the workplace
Sustainable fibre
● Maintain 100% FSC
certification of owned
and leased forestry
operations and
promote sustainable
forest management
● Procure a minimum
of 70% of wood from
FSC or PEFC CoC-
certified sources
Climate change
● By 2030, reduce
specific CO2e
emissions by 15%
Launched in 2015, our new ‘Growing responsibly‘ model is one of our Group‘s strategic value drivers. While growing responsibly has long been our philosophy,
the model will continue to maintain a focus on our 16 clearly defined commitments up to 2020 and beyond across 10 actions areas.
39Group presentation

40. May 2017
Sustainability
Solutions that create
value for our customers
● Encourage sustainable,
responsibly produced
products
Visit mondigroup.com/sustainability to see more examples of our commitments to sustainability.
40Group presentation
Constrained resources
and environmental impacts
● Reduce specific contact
water consumption (5%)
● Reduce specific waste
to landfill (7.5%)
● Reduce specific NOx
emissions (7.5%)
● Reduce specific effluent
load (chemical oxygen
demand, COD) (5%)
Biodiversity
and ecosystems
● Promote ecosystem
stewardship in
the landscapes
where we operate
through continued
multi-stakeholder
collaboration
Supplier conduct
and responsible
Procurement
● Encourage supply
chain transparency
and promote fair
working conditions
together with key
suppliers
Relationships
with communities
● Enhance social
value to our
communities
through effective
stakeholder
engagement and
meaningful social
investments

41. Visit our website and follow us on social media for the latest news, industry trends, events and more.
May 2017
Get in touch with Mondi!
www.mondigroup.com
youtube.com/MondiCom linkedin.com/company/mondi-group facebook.com/Mondigroup
41Group presentation

42. Forward-looking statements disclaimer
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 applicable law or any regulatory body applicable to Mondi, including the JSE Limited and the LSE.
May 2017 42Group presentation