#12021 Full Year Results Presentation 3 March 2022 mondi#2Delivering strongly, accelerating growth in sustainable packaging aaaa DELIVERING STRONGLY Integration, agility and collaboration - delivering for customers • Growing volumes, increasing prices. Strong delivery on all financial metrics recycleat mondi EcoVantage the NEW recycled ACCELERATING GROWTH . Successful execution of investment. projects Ambitious capex programme to accelerate growth in packaging Including €1 billion of expansionary projects with expected mid-teen returns. SUSTAINABLE BY DESIGN Recognised leader in sustainability Unique portfolio of innovative sustainable solutions. . Good progress on all elements of MAP2030 mondi#3FINANCIAL REVIEW#4Strong financial performance Group revenue € million 6,663 2020 +16% 7,723 2021 Underlying EBITDA € million 1,353 2020 +11% 1,503 2021 ROCE % +170 bps 15.2 2020 16.9 2021 Underlying EBITDA up €150 million, second half up 29% Dividend € cents per share 60 2020 +8% 65 2021 mondi#5Volume growth and higher prices outpacing cost pressures Underlying EBITDA development € million LO 1,353 2020 111 Sales volumes 804 Sales prices (668) Costs (63) Currency effects (34) Forestry fair value movement 1,503 2021 mondi#6Good cash generation while investing for growth Movement in net debt € million 1,791 Net debt at 31 December 2020 (1,503) Underlying EBITDA 205 Working capital 573 Capital expenditure 83 Acquisition of Olmuksan 268 Tax and interest 298 Dividends Supporting value accretive growth and shareholder distributions 48 Other 1,763 Net debt at 31 December 2021 mondi#7Robust financial position providing strategic flexibility Net debt € million and ratio 1.0x 1,532 2017 1.3x 25 < 1 1.3x L 2,220 2018¹ 1,791 2020 Net debt to underlying EBITDA Committed debt maturity profile € million 25 1-2 524 2-3 Years ¹The Group paid a special dividend of €484 million in 2018 7 2,207 2019 1.3x 19 3-4 1.2x 1,763 2021 1,364 > 4 • Signed €750 million Sustainability-Linked Loan • Liquidity of around €1.3 billion Average maturity of debt facilities - 4.7 years • Investment grade credit ratings unchanged (BBB+ / Baa1) mondi#8Sale of Personal Care Components business (PCC) • Agreed sale of PCC, part of Engineered Materials (EM), in February 2022 for enterprise value of €615 million Completion expected in H2 2022 • Decision regarding use of net cash proceeds from sale to be taken post completion • Functional Paper and Films, remaining portion of EM, will merge into Flexible Packaging co Simplification to deliver greater focus mondi#9Disciplined capital allocation Free cash flow priorities Growing in packaging through selective capital investment opportunities Supporting payment of ordinary dividends to our shareholders. Evaluating growth opportunities through M&A and/or increased shareholder distributions While maintaining our strong and stable financial position and investment grade credit metrics mondi#10K BUSINESS UNIT REVIEW e-shop VinoBoxClub#11Corrugated Packaging Industry-leading performance, margins and returns Underlying EBITDA and ROCE € million and % HY2 HY1 11 22.5% 518 251 267 2020 ROCE% 26.1% 670 402 268 2021 % of Group EBITDA • Strong sales volume growth - Corrugated Solutions. volumes up 13% o Growth across all end-uses, notably eCommerce and FMCG Underpinned by our innovation, market-leading customer offering and ongoing investment • Containerboard prices up and successfully passing. through higher paper input costs to box prices Significantly higher input costs; active cost control • Acquisition of Olmuksan delivering ahead of expectations mondi#12Flexible Packaging Leveraging unique platform to drive growth Underlying EBITDA and ROCE € million and % HY2 HY1 12 14.5% 519 239 280 2020 ROCE% 15.0% 526 255 271 2021 % of Group EBITDA Strong volume growth across end uses o Kraft paper volumes up, notably speciality grades o Paper bags volumes up 9%. eCommerce bags 3% of total volumes Significant price increases implemented in paper value chain in 2021 and in early 2022 • Converting operations successfully passing on higher input costs. • Driving innovation to support our customers' transition to more sustainable packaging mondi#13Engineered Materials Performance stabilised Underlying EBITDA and ROCE € million and % HY2 HY1 13 7.5% 80 35 45 2020 ROCE% 7.4% 71 33 38 2021 % of Group EBITDA • Performance stabilised in line with our expectations. • Completed transformation of Personal Care Components (PCC) in response to declining volumes as a key product matures Realigning the portfolio o Restructuring key sites. Agreed sale of PCC in February 2022 • Strong recovery in industrial and specialised end uses. for Functional Paper and Films mondi#14Uncoated Fine Paper Improved trading, supplier of choice Underlying EBITDA and ROCE € million and % HY2 HY1 14 11.3% 266 102 164 2020 ROCE% 11.9% 270 121 149 2021 % of Group EBITDA Market share gains across all three core regions Strong underlying performance with higher volumes and prices offsetting input costs. Price increases implemented in H2 2021 and early in 2022 • Longer planned maintenance shuts (€30 million y-o-y effect) and significantly lower forestry fair value movement. (down €34 million) • Optimising cash generative platform mondi#15DELIVERING ON OUR STRATEGY#16We have delivered strong value accretion... Underlying EPS € cents per share 16 Underlying EBITDA € million 964 2011 +56% 1,503 2021 ROCE % +190 bps 15.0 2011 16.9 2021 68.1 2011 +126% 154.0 2021 Cash flow generation € million 648 2011 +56% 1,011 2021 mondi#17III balancing investing for growth and distributing returns Cash flow deployment in the last 10 years € billion (2012-2021) 17 Strong cash generation 9.8 Cash flow generation Consistently investing (5.6) Capital expenditure Seizing opportunities at the right value (2.2) Acquisitions Shareholder distributions (2.9) Dividends 0.9 Increase in net debt and other mondi#18Cost-advantaged assets and high-performance culture Mondi capacity by quartile of relevant industry cost curve¹ (%) 1 Source RISI 2Production per employee 18 80% OF CAPACITY in the 1st or 2nd cost quartile Productivity increases² 10 years (2012 - 2021) 40% Pulp & paper 22% Paper bags 10% Corrugated solutions mondi#19Our long-standing focus on sustainability over two decades 46% reduction since 2004¹ 71% reduction since 2005¹ SPECIFIC WASTE TO LANDFILL 19 kg per tonne of saleable production Circular driven solutions 55% reduction since 2005¹ SAFETY PERFORMANCE TRCR2 (per 200,000 hours worked) Created by empowered people 12004/2005 were the baseline years of Mondi's first set of sustainability commitments 2 Total Recordable Case Rate GHG EMISSIONS tonne per tonne of saleable production Taking action on climate mondi#20Leadership widely recognised and valued by our customers 20 1 of only 14 companies globally with a CDP Triple A rating CDP DISCLOSURE INSIGHT ACTION A LIST 2021 CLIMATE WATER FORESTS Top quartile in the paper & forest products industry MSCI ESG RATINGS AAA CCC B BB BBB A AA AAA #1 in the paper & forestry industry Sustainalytics Ay Top 1% in our sector for 5 consecutive years PLATINUM Top 1%- 2021 ecovadis Sustainability Rating mondi#21And taking action for the future 21 CIRCULAR DRIVEN SOLUTIONS MAP 2030 Mondi Action Plan TAKING ACTION ON CLIMATE 000 CREATED BY EMPOWERED PEOPLE Built on Responsible Business Practices Mondi Action Plan 2030 - our sustainability framework for the next decade Committed to Net-Zero by 2050, in line with the new Science Based Targets initiative Net-Zero standard (1.5°C scenario) mondi#22A strong track record of growth Five-year production volume CAGR¹ 2017-2021 9% 22 ¹Excluding disposals 4% 3% 4% Corrugated Containerboard Kraft paper Paper bags solutions 2% Consumer flexibles Y-o-y production volume growth (like-for-like) 2020-2021 13% 8% Corrugated Containerboard solutions 9% Kraft paper 9% Paper bags 6% Consumer flexibles mondi#23ANVAINI FRIEND And our packaging markets continue to grow 23 CORRUGATED PACKAGING ~2-4% expected medium-term European market growth FLEXIBLE PACKAGING Underpinned by structural growth drivers of eCommerce and demand for sustainable packaging mondi Advantage Smooth White Strong SUSTAINABLE & DESIGN mondi mondi#24Growth in eCommerce expected to continue European eCommerce packaging market € billion 6 24 2019 +15% CAGR Source: Statista, Smithers Pira, Mondi estimate 8 2021E +5% CAGR 10 2025E NICE TO MEET YOU! ACER CAP mondi#25Demand for sustainable packaging is here to stay CONSUMERS Increased awareness 50% of global consumers willing to pay a premium for sustainable packaging1 Over 70% of global consumers look for less plastic when purchasing products ¹ REGULATORS 25 EU Green Deal o Circular Economy Action Plan o Update to Packaging and Packaging Waste Directive o Single-Use Plastic Directive Taxes on plastic packaging . Fee / ban retail plastic bags ¹Source FMCG gurus CRANE RESE CUSTOMERS • FMCGs' and retailers' public pledges on sustainable packaging. Committing to: o Eliminate unnecessary packaging o Increase recyclability o Reducing use of single-use plastic. NGOS & PARTNERS NGOs call for action . EMF Global Commitment • 4evergreen • Call for a UN Plastic Pollution Treaty mondi#26Currently €1 billion of expansionary capital projects approved or under advanced evaluation across packaging CORRUGATED PACKAGING . Modernisation and expansion of Kuopio mill - 55,000 tonnes extra saleable production (€125 million) 26 Debottlenecking kraftliner output at Swiecie mill- 55,000 tonnes extra saleable output (€95 million) Expanding and enhancing Corrugated Solutions plant network (€185 million) - FLEXIBLE PACKAGING 12% MALYS • Advanced evaluation of 200,000 tonne kraft paper machine, decision in 2022 (around €350 million) Growing coating capabilities for functional paper with necessary barriers (€50 million) Enhancing pet food capacity, cementing leading positions (€65 million) Expanding leading global paper bags network Expected to deliver mid-teen returns when in full operation mondi#27Accelerating growth in packaging through expansionary capital investment programme Capital expenditure and % depreciation € million and % 27 Average capex as % of depreciation 611 2017 709 2018 757 2019 630 2020 160% 573 2021 700-800 2022E 900-1,000 2023E • Track record of consistently investing: o Driving organic growth o Enhancing product offering o Strengthening cost competitiveness o Improving environmental footprint mondi#28Our customer-centric approach to sustainable packaging Ecosolutions 28 REPLACE mondi REDUCE PAPER where possible.... mondi StripPouch SUSTAINABLE DESIGN RECYCLE .....PLASTIC when useful mondi Wallet Pack SUSTAINABLE & DESIGN mondi#29Innovating to replace plastic with functional papers for our customers • Fully recyclable paper-based solutions • Using customers' existing machinery and supporting their sustainability goals • Comparable shelf life performance Applications include dry, frozen and fresh food, confectionery and others (non-food) • Reducing plastic by 80 - 95% 29 1er SACHET 100% RECYCLABLE SATISFAIT OU REMBOURSE! Crudettes JEUNES POUSSES BIEN EMBALLÉES! 100g 2/3 1 A 1SACHET RECYCLABLE 95% PAPIER FRESH FOOD Supporting Les Crudettes to replace plastic with paper, in cooperation with machine supplier, IMA- llapak LEVERAGING OUR UNIQUE PLATFORM IN PAPERMAKING, COATING AND PACKAGING CONVERSION www CHICKEN BREAST www 300% CHICKEN BREAST CRISPY €450 w AABEZ NA www. FROZEN FOOD Supporting Iceland's goals to eliminate plastic packaging by 2023 mondi#30Innovating to develop sustainable, cost-effective solutions for eCommerce Collaborating with high-growth customers Reducing packaging • Increasing recyclability • Optimising material usage Minimising logistics costs 30 Scalable solutions to maximise market opportunities Come BECOOL! BCoo BECOOL! e-shop BCoolBox TYME eGROCERY • Novel temperature delivery solution - refrigerated trucks not needed • Insulating panels maintain temperature for > 24 hours • Easy to recycle, paper-based solution • Supporting expansion into growth market for TYME Food 100% RECYCLABLE eCOMMERCE SOLUTIONS SHIPS IN OWN CONTAINER • 100% paper-based, letterbox-sized, recyclable, plastic-free • Customised, protective insert - no extra packaging needed . Amazon Certified Frustration-Free Packaging • On-brand experience for organic beauty company NAE mondi#31And innovating to develop recyclable, material-efficient packaging Mono-material flexible packaging benefits: Helping reduce food waste • Recyclable 31 Low-carbon footprint High material efficiency; reducing plastic use compared to rigid packaging Brand attractiveness MEU Pril Ene NACHFÜLL -70% BEUTEL PLASTIK 614 11 www.LES DETERGENTS Recyclable detergent solution Flexible pouch refills dispensing container at home, supports re-use model Uses 70% less plastic than rigid bottle Supporting Henkel's sustainability targets FIT FOR THE CIRCULAR ECONOMY ABRAHAM KATENSCHINKEN MILD GERAUCHERT FRISCH VOM STÜCK VERPACKUNG ZU 93% WIEDERVERWERTER MES INFOS UNTER WWW.ABARAN.DE FRESH FOOD Recyclable, high-barrier WalletPack Replaces non-recyclable multi- material product Lightweight material reduces plastic by 40% Easy-to-open and reclose features Preserves Bell's ham, preventing spoilage mondi#32Summary DELIVERING STRONGLY 32 cycled mondi Eco Vantage the NEW recycled ACCELERATING GROWTH SUSTAINABLE BY DESIGN Delivering strongly, accelerating growth in sustainable packaging mondi#33Q&A mondi ③ Qualitess Lot: Bale: momor Packaging Lot: Bale: Emo PNOPOL C 14016 816-123 mondi Quality: MONOPOL C 14516 14816-97 frond 3040 Qualitos c Loko 200 Bala: bebe mondi#34TAA APPENDICES MER#35Mondi at a glance (2021) Segment revenue ¹ Underlying EBITDA ROCE Products End uses Corrugated Packaging €2,510m (32%) €670m 26.1% BECOOL! O BECOOL! Consumer and retail² Flexible Packaging MailerBag 1. Segment revenues and related percentages before elimination of inter-segment revenues 2. Includes consumer non-durables, eCommerce and other retail applications 35 €2,889m (36%) €526m 41 15.0% ✓ ✓ Flexiag esplic M ValveB 52 SLASH BAG O poh Shaf MN & H Consumer and retail² Engineered Materials C mandi Fo EverLiner 20EA & 5144 €876m (11%) €71 m 7.4% Building and construction Chemicals, industrial, agriculture and other PerFORMing Monoloop Consumer and retail² Uncoated Fine Paper €1,652m (21%) 1000 Снегурочка Paper for home, office and professional printing Market pulp and other €270m 11.9% Totatrim Totatom mondi#36Leading market positions CORRUGATED PACKAGING FLEXIBLE PACKAGING #1 #1 #2 virgin containerboard producer in Europe containerboard producer in emerging Europe corrugated solutions producer in emerging Europe #1 kraft paper producer globally #1 paper bags producer in Europe and a global leader #3 consumer flexible packaging producer in Europe Refer to the end of this document for market position sources and definitions 36 ENGINEERED MATERIALS commercial release liner producer in Europe #1 #2 extrusion coatings producer in Europe UNCOATED FINE PAPER #1 #1 Color Copy uncoated fine paper supplier in Europe (including Russia) uncoated fine paper producer in South Africa mondi#37Technical guidance Incremental underlying EBITDA contribution from major capital investments Capital expenditure Depreciation and amortisation Estimated impact of planned mill maintenance shuts. Working capital as a % of revenue Effective tax rate 37 2022 Guidance ~ €50 million €700-800 million €450 - 500 million ~ €110 million 12-14% 22 - 23% mondi#38Our strategic framework. 38 Digitalisation Partner with customers for innovation along the value chain Drive performance We drive value accretive growth, SUSTAINABLY Inspire E our people with cost advantage Invest in assets SUSTAINABILITY continues to be at the centre of our strategy mondi#39Mondi Action Plan 2030, consolidated performance in 2021 This diagram provides a high-level overview of our performance in 2021, the first year of delivery against our MAP2030 framework. CIRCULAR DRIVEN SOLUTIONS... Innovative packaging and paper solutions that keep materials in circulation and prevent waste Make our packaging and paper solutions reusable, recyclable or compostable - 100% of our products are reusable, recyclable or compostable by 2025 Avoid waste by keeping materials in circulation Eliminate waste to landfill from our manufacturing processes Work with others to eliminate unsustainable packaging - Progress made through our partnerships and stakeholder engagement activities every year Key On track Slightly behind target Performance 39 2021 An empowered and inclusive team that contributes to a better world CREATED BY EMPOWERED PEOPLE.... - Build skills that support long-term employability - Enable our employees to participate in upskilling programmes Provide purposeful employment for all our employees in a diverse and inclusive workplace - Achieve 90% Purpose Satisfaction score in our employee survey - Achieve 90% Inclusiveness score in our employee survey Employ 30% women across Mondi Create an environment that enables a positive work-life experience, valuing our safety, health and mental wellbeing - Zero fatalities - Zero life-altering injuries -15% reduction of total recordable case rate Performance - Support our employees in pursuit of a work-life experience that enhances their wellbeing Not on track In development - Our operations drive awareness of and take measures to improve health and mental wellbeing 2021 TAKING ACTION ON CLIMATE... Climate resilience through our forests and operations for the future of the planet Reduce our greenhouse gas (GHG) emissions in line with science-based targets Reduce our Scope 1 and 2 GHG emissions by 34% per tonne of saleable production by 2025 and 72% by 2050 from the 2014 base year - Reduce Scope 2 GHG emissions by 39% per MWh by 2025 and by 86% by 2050 from the 2014 base year Set a science-based Scope 3 reduction target by 2025 Performance Maintain zero deforestation in our wood supply, sourcing from healthy and resilient forests - Maintain 100% FSCTM certification in our own forestry landholdings - 100% responsibly sourced fibre with 75% FSC™ - or PEFCTM-certified fibre procured by 2025 and the remainder meeting the FSCTM Controlled Wood standard - Implement leading forestry measures to ensure productive, healthy and resilient forests Safeguard biodiversity and water resources in our operations and beyond - Conduct water stewardship and biodiversity assessments at our mills and forestry operations by 2025, and implement required actions to address the findings by 2030 2021 - Conduct biodiversity assessments at our mills and forest operations, introducing biodiversity action plans where necessary by 2025 mondi#40We offer unique solutions ranging from renewable paper to recyclable plastic 40 High High Low Paper EcoVantage Strong Added barriers Renewable Recyclable Barrier functionality Moisture Grease Mineral Oil PAPER WHERE POSSIBLE... PerFORMing Material 3 Barrier Pack Recyclable Gas Barrier film s Theres ➜Low Aluminium foil ...PLASTIC WHEN USEFUL Low High (mond Metal/alu replacement mondi#41Ecosolutions 41 - ↑ a few examples: ↑ mondi Eco Vantage the NEW Eco Vantage Replacing plastic bags with sustainable and efficient paper alternatives recycled Mono Corr Box 100% corrugated, 100% recyclable solution for shipping large boilers; smaller box size increases pallet capacity by 20% ↑ ThermoFORMing A fully-recyclable mono-material high barrier film which has a significantly lower carbon footprint compared to existing solutions ↑ Thermoforming mono-material SUSTAINABLE mondi mondi PerFORMing Monoloop PerFORMing Monoloop Formable paper-based food tray that reduces CO2 emissions, with a plastic layer which can be separated from paper. Paper & plastic to be disposed in respective waste streams SUSTAINABLE & DESIGN Reduce e Recycle Replace Ecosolutions by Mondi mondi#42Alternative to plastic pallet wrapping Advantage Stretch Wrap • Innovative paper-based pallet wrapping o Responsibly sourced renewable fibres. o Recyclable Developed in cooperation with machinery supplier (ACMI) and customers • Potential to replace more than 10,000 tonnes of plastic for every 1% of EU pallets 42 mondi Replace R Reduce e Recycle Ecosolutions by Mondi Advantage Stretch Wrap mondi#43Integrated value chain (2021) Mondi managed forests Annual allowable cut 9 million m³ Internally procured wood¹ 3.7 million m³ Externally procured wood 13.6 million m³ Paper for recycling 1.4 mt B Resin, films and other raw materials 1. Due to commercial, logistic and sustainability considerations, the actual wood procured from our managed forests was lower than the annual allowable cut 2. In addition to the 1.6 mt of uncoated fine paper, the Group also produced 0.2 mt of newsprint 3. Pulp and packaging paper net exposure 43 71 Pulp 4.4 mt Containerboard 2.7 mt M Kraft paper 1.3 mt Uncoated fine paper² 1.6 mt Box plants Converting plants U ច 0 0 Pulp³ 0.2 mt Containerboard ³ 1.5 mt Corrugated solutions 2.2 bn m² Kraft paper³ 0.4 mt Paper bags 5.9 bn bags Consumer flexibles 2.6 bn m² Engineered materials 4.8 bn m² Uncoated fine paper 1.6 mt mondi#44Russia and Ukraine overview Russia ● ● ● ● • O Ukraine 44 Around 12% of the Group's revenue by location of production Around 20% of the Group's underlying EBITDA over the last three years 5,300 colleagues. Four production locations: Syktyvkar (Komi Republic) - high-margin, cost-competitive, integrated pulp, packaging paper and uncoated fine paper mill Two Flexible Packaging plants (consumer flexibles) One Corrugated Packaging plant Primarily serving domestic market 100% owned by Mondi All currently operational One paper bag plant located in Lviv, west of the country Employing approximately 100 people Production currently suspended mondi#45Input costs Input costs € million 4,000 3,000 2,000 1,000 45 0 Pulp 2017 Paper Wood 2018 Paper for recycling 2019 Energy Chemicals 2020 Plastics 2021 Other variable costs mondi#46Fixed costs Fixed costs (excluding special items) € million 2,500 2,000 1,500 1,000 46 500 0 23.1% 2017 22.1% 2018 Depreciation, amortisation and impairments Personnel costs Fixed costs excluding depreciation, amortisation and impairments as a % of revenue 22.2% 2019 24.5% 2020 Other net operating expenses Maintenance and other indirect expenses 23.4% 2021 mondi#47Production volumes Containerboard Kraft paper Uncoated fine paper Newsprint Pulp Internal consumption Market pulp Corrugated solutions Paper bags Consumer flexibles Engineered materials 47 '000 tonnes '000 tonnes '000 tonnes '000 tonnes '000 tonnes '000 tonnes '000 tonnes million m2 million units million m² million m2 2021 2,724 1,253 1,564 164 4,432 3,953 479 2,187 5,928 2,629 4,844 2020 2,525 1,145 1,422 169 4,484 3,767 717 1,771 5,435 2,472 5,068 % change 8% 9% 10% (3%) (1%) 5% (33%) 23% 9% 6% (4%) mondi#48Exchange rates Closing rates against the euro South African rand Czech koruna Polish zloty Pound sterling Russian rouble Turkish lira US dollar Average rates against the euro South African rand Czech koruna Polish zloty Pound sterling Russian rouble Turkish lira US dollar 1. (Weaker/devaluation of currency against euro) / Stronger currency against euro 48 2021 18.06 24.86 4.60 0.84 85.30 15.23 1.13 17.48 25.64 4.57 0.86 87.15 10.51 1.18 2020 18.02 26.24 4.56 0.90 91.47 9.11 1.23 18.77 26.46 4.44 0.89 82.72 8.05 1.14 % change¹ 5% (1%) 7% 7% (67%) 8% 7% 3% (3%) 3% (5%) (31%) (4%) mondi#49Containerboard Key paper and pulp European selling prices Containerboard and OCC €/tonne 900 800 700 600 500 400 300 Dec 2016 Dec 2017 Dec 2018 Unbleached kraftliner Recycled containerboard OCC (right hand side) Dec 2019 Dec 2020 200 160 120 80 40 Dec 2021 0 White top kraftliner Semi-chemical fluting OCC Sack kraft paper Prices indexed to December 2016 1.40 1.30 1.20 1.10 1.00 0.90 0.80 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Unbleached sack kraft paper - Europe Dec 2021 Pulp and UFP €/tonne 1,100 1,000 900 800 700 600 500 Dec 2016 Dec 2017 A4 B-copy Source: Fastmarkets FOEX for Containerboard, OCC, Pulp and UFP. Fastmarkets RISI for semi-chemical fluting (average of France, Germany, Italy and Spain prices). Mondi for sack kraft paper. 49 Dec 2018 Dec 2020 -Pulp (BHKP) Dec 2019 Dec 2021 mondi#50Sources and definitions Mondi region definitions Europe - Europe including Russia and Turkey Emerging Europe - 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 Sources for market position estimates Virgin containerboard (Europe) (including kraft top liner) based on capacity - Fastmarkets RISI and Mondi estimates. Containerboard (emerging Europe) based on capacity - Fastmarkets RISI and Mondi estimates Kraft paper (Global) based on capacity - Fastmarkets RISI and Mondi estimates Corrugated solutions (emerging Europe) based on production - Henry Poole Consulting and Mondi estimates Paper bags (Global & Europe) based on sales volume - Eurosac, Freedonia and Mondi estimates Consumer flexible packaging (Europe) based on sales - PCI Wood Mackenzie Commercial release liner (Europe) based on sales volumes - AWA and Mondi estimates Extrusion coatings (Europe) based on AWA and Mondi estimates Uncoated fine paper (Europe) based on sales volumes - EURO-GRAPH, EMGE, Fastmarkets RISI, Pulp and Paper Products Council, SBO and Mondi estimates Uncoated fine paper (South Africa) based on Mondi estimates 50 mondi#51Mondi: 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. 51 mondi#52THANK YOU! mondi