Mondi plc announced that on 15 January 2024 containing the results of the General Meeting and the finalisation information relating to the Special Dividend and the Share Consolidation. The Share Consolidation will replace every 11 Existing Ordinary Shares with 10 New Ordinary Shares. If an individual shareholding is not exactly divisible by 11, the Shareholder in question will be left with a fractional entitlement.

The purpose of this announcement is to advise Shareholders on the South African Branch Register of the cash value in respect of fractional entitlements to New Ordinary Shares from the Share Consolidation in accordance with the JSE Listings Requirements. In accordance with the JSE Listings Requirements, the cash value in respect of such fractional entitlements has been determined with reference to the volume weighted average price of Ordinary Shares traded on the JSE on Wednesday, 24 January 2024, ZAR341.68498 (34,168.49750 South African rand cents) (being the first day on which New Ordinary Shares traded `ex' the Special Dividend and Share Consolidation on the JSE) reduced by 10% ("Cash Value"). On this basis, Shareholders are advised that the Cash Value due to them in respect of any fractional entitlement is ZAR307.51648 (30,751.64775 South African rand cents) (ZAR341.68498 x 0.9) per New Ordinary Share.

Example of fractional entitlement: This example assumes that a Shareholder holds 100 Existing Ordinary Shares on the record date for the Share Consolidation (the "Record Date"). The Rounding Principle described above is then applied and the Shareholder will receive 90 New Ordinary Shares in respect of the 100 Existing Ordinary Shares held on the Record Date and a cash payment for the fractional entitlement of 0.90909 x ZAR307.51648 = ZAR279.56016.