Mondi : Transactions in Mondi plc ordinary shares of €0.20 each

Mondi plc

(Incorporated in England and Wales) (Registered number: 6209386)

LEI: 213800LOZA69QFDC9N34

LSE share code: MNDI ISIN: GB00B1CRLC47

JSE share code: MNP

14 March 2022

TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.20 EACH

On 10 March 2022, awards of shares took place under the Mondi plc Bonus Share Plan (BSP) and Long Term Incentive Plan (LTIP).

Mondi plc Bonus Share Plan
Date of transaction	10 March 2022
Class of share	Ordinary
Option price	Nil cost option
Vesting date	After the announcement of the final results for
	2024 in early 2025
Additional Information	The share award under the BSP represents half
	of the Executive's total bonus as approved by the
	Remuneration Committee. In line with the
	standard methodology adopted each year, the
	number of shares under award is determined
	with reference to the average share price over
	three days commencing with the announcement
	of results.
Mondi plc Long Term Incentive Plan
Date of transaction	10 March 2022
Class of share	Ordinary
Option price	Nil cost option
Vesting date	After the announcement of the final results for
	2024 in early 2025, subject to achievement of the
	performance conditions
Holding Period	For the executive directors, any shares which
	vest will be subject to a two year holding period
	from the date of vesting
Performance conditions	One half TSR and one half ROCE each
	measured over the 3 financial years ending 31
	December 2024
Additional Information	The LTIP award is based on a percentage of the
	Executive's salary as approved by the
	Remuneration Committee. In line with the

standard methodology adopted each year, the number of shares under award is determined with reference to the average share price over three days commencing with the announcement of results.

There follow notification forms for directors/PDMRs of Mondi plc.

Sponsor in South Africa: Merrill Lynch South Africa (Pty) Ltd t/s BofA Securities

	Details of the person discharging managerial responsibilities ("PDMR")
	(or their person closely associated ("PCA")) / restricted person
a)	Name		Vivien McMenamin
2	Reason for the notification
a)	Position/status		CEO, South Africa
b)	Initial notification /		Initial notification
	Amendment
3	Details of the issuer, emission allowance market participant, auction
	platform, auctioneer or auction monitor
a)	Name		Mondi plc
b)	LEI		213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of
	instrument; (ii) each type of transaction; (iii) each date; and (iv) each
	place where transactions have been conducted
a)	Description of the		Ordinary shares of €0.20 each
	financial instrument,
	type of instrument
	Identification code		GB00B1CRLC47
b)	Nature of the		Grant of shares as options under the Mondi plc
	transaction		Bonus Share Plan
c)	Price(s) and volume(s)		Transaction(s)		Price(s)		Volume(s)
			Grant		Nil		4,316
d)	Aggregated information
	- Aggregated volume	4,316
	- Price		Nil
e)	Date of transaction	2022-03-10
f)	Place of the transaction		Outside trading venue - off market

1	Details of the person discharging managerial responsibilities ("PDMR")
	(or their person closely associated ("PCA")) / restricted person
a)	Name		Vivien McMenamin
2	Reason for the notification
a)	Position/status		CEO, South Africa
b)	Initial notification /		Initial notification
	Amendment
3	Details of the issuer, emission allowance market participant, auction
	platform, auctioneer or auction monitor
a)	Name		Mondi plc
b)	LEI		213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of
	instrument; (ii) each type of transaction; (iii) each date; and (iv) each
	place where transactions have been conducted
a)	Description of the		Ordinary shares of €0.20 each
	financial instrument,
	type of instrument
	Identification code		GB00B1CRLC47
b)	Nature of the		Grant of shares as options under the Mondi plc
	transaction		Long Term Incentive Plan
c)	Price(s) and volume(s)		Transaction(s)		Price(s)		Volume(s)
			Grant		Nil		13,432
d)	Aggregated information
	- Aggregated volume	13,432
	- Price		Nil
e)	Date of transaction	2022-03-10
f)	Place of the transaction		Outside trading venue - off market

1	Details of the person discharging managerial responsibilities ("PDMR")
	(or their person closely associated ("PCA")) / restricted person
a)	Name		Andrew King
2	Reason for the notification
a)	Position/status		Group CEO
b)	Initial notification /		Initial notification
	Amendment
3	Details of the issuer, emission allowance market participant, auction
	platform, auctioneer or auction monitor
a)	Name		Mondi plc
b)	LEI		213800LOZA69QFDC9N34
4	Details of the transaction(s): section to be repeated for (i) each type of
	instrument; (ii) each type of transaction; (iii) each date; and (iv) each
	place where transactions have been conducted
a)	Description of the		Ordinary shares of €0.20 each
	financial instrument,
	type of instrument
	Identification code		GB00B1CRLC47
b)	Nature of the		Grant of shares as options under the Mondi plc
	transaction		Bonus Share Plan
c)	Price(s) and volume(s)		Transaction(s)		Price(s)	Volume(s)
			Grant		Nil	64,849
d)	Aggregated information
	- Aggregated volume	64,849
	- Price		Nil
e)	Date of transaction	2022-03-10
f)	Place of the transaction		Outside trading venue - off market