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Mondi PLC

MONDI PLC - Director/PDMR Shareholding

(Incorporated in and ) (Registered number: 6209386) LEI: 213800LOZA69QFDC9N34 LSE share code: MNDI       ISIN: GB00B1CRLC47 JSE share code: MNPMondi plc




EnglandWales

2 December 2020

TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.20 EACH

On , an award of shares took place under the Mondi plc Long Term Incentive Plan (LTIP).2 December 2020

Mondi plc Long Term Incentive Plan

There follows a notification form for a director of Mondi plc.

Sponsor in : UBS South Africa (Pty) LtdSouth Africa

Date of transaction    

Class of share         Ordinary

Option price           Nil cost option

Vesting date           69,211 shares will vest in  and 39,427 shares
                       will vest in , subject to achievement of the
                       performance conditions.

Holding Period         Any shares which vest will be subject to a two year
                       holding period from the date of vesting.

Performance conditions The vesting of these awards is subject to performance
                       against a combination of total shareholder return (TSR)
                       and return on capital employed (ROCE) performance
                       targets. The grant of 69,211 shares will be assessed
                       based on performance over the three financial years to
                       2021, and the grant of 39,427 shares based on three
                       financial years to 2022. The performance targets are as
                       disclosed for these performance periods in the Company’s
                       previous Directors’ Remuneration Reports.

Additional Information These awards were approved by the Remuneration Committee,
                       in accordance with the Company’s Remuneration Policy, to
                       replace variable remuneration at Mike’s previous employer
                       which was forfeited in order to join the Group. Further
                       details will be disclosed in the Director’s Remuneration
                       Report for the current financial year.2 December 2020March 2022March 2023
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person

a) Name                             Mike Powell

2  Reason for the notification

a) Position/status                  Group CFO

b) Initial notification / Amendment Initial notification

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 financial     Ordinary shares of €0.20 each
   instrument, type of instrument

   Identification code              GB00B1CRLC47

b) Nature of the transaction        Grant of shares as options under the
                                    Mondi plc Long Term Incentive Plan

c) Price(s) and volume(s)
                                        Transaction(s) Price(s) Volume(s)

                                    (1) Grant          Nil      69,211

                                    (2) Grant          Nil      39,427


d) Aggregated information
   - Aggregated volume              (1) 69,211
                                    (2) 39,427

   - Price                          (1) Nil
                                    (2) Nil

e) Date of transaction              2020-12-02

f) Place of the transaction         Outside trading venue – off market
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