Mondi Mergers and Acquisitions Presentation Deck

SIGNIFICANT EXPOSURE TO GOOD GROWTH SEGMENTS Strong market position + Strong asset base (1) Excluding acquisitions. Sources: Pöyry Forest Industry Consulting, Mondi 600 500 400 300 200 100 0 Mondi Group Sales 2006 45% Capital Expenditures (€M)(1) 30% 70% 55% 2004 Mature Markets 25% 75% 2005 Mondi Group Net Operating Assets 2006 39% 61% 2006 Emerging Markets mondi 62% 38% Mature markets: €0.5B ~47% maintenance ● ~53% expansion Emerging markets: €1.1B ~34% maintenance ● ~66% expansion Large investments create major upside in cyclical upturn PAGE 7

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