Mondi Mergers and Acquisitions Presentation Deck

PERFORMANCE IMPROVEMENTS IN ACQUIRED COMPANIES Strong market position + Strong asset base + Focus on performance Swiecie (tonnes per capita) (24% p.a.(³) 132 1997 (1) Ruzomberok (tonnes per capita) 20% p.a.(3) 83 2002 (¹) 902 (1) First full year of acquisition. (2) Including forest workers. (3) CAGR. Note: Tons per capita based on employees year average Source: Mondi 160 2000 (¹) 2006 Syktyvkar (2) (tonnes per capita) 13% p.a.(3) 2006 484 135 2006 mondi Integration Principles • Leverage synergies with existing operations Transfer know-how ● Improve efficiency ● Improve product mix • Closures/divestitures of underperforming sites PAGE 13

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