Mondi Mergers and Acquisitions Presentation Deck

RIGOROUS ASSET MANAGEMENT Strong market position + Strong asset base Focus on performance Reduced Testliner capacity by 11% in 2004 (~110Kt; 2 plants) Closed 11% of corrugated board capacity (~280mm²) since 2004 mondi Sale/conversion of Dunaújváros in 2006 represents a substantial capacity reduction in UCWF (~110Kt from 2007 onwards) Closed 32 packaging converting plants since 2002 Divested 30 packaging converting plants since 2002 Note: Closures and divestitures including activities within MBP and MP. Source: Mondi PAGE 15

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