MNDI.L

Mondi Plc
Mondi Plc - Report on Payments to Governments
10th June 2024, 11:15
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Mondi plc

Incorporated in England and Wales

Registered number: 6209386

LEI: 213800LOZA69QFDC9N34

LSE share code: MNDI  ISIN: GB00BMWC6P49

JSE share code: MNP

10 June 2024

Regulatory Report on Payments to Governments in respect of Logging Industries
for the Year 2023

This report of payments to governments is made by Mondi plc and its subsidiary
undertakings (`Mondi') for the year ended 31 December 2023 as required by
companies in the extractive and logging industries of their payments to
governments in countries in which they operate.

The report is prepared in compliance with the UK's Report on Payments to
Governments Regulations 2014 (as amended in December 2015) (the `Regulation')
and in accordance with DTR 4.3A of the Disclosure Guidance and Transparency
Rules of the UK Financial Conduct Authority.

To read details of Mondi's payments to governments go to
www.mondigroup.com/investors/corporate-governance/regulatory-reports/

Basis of preparation

The application of the Regulation for Mondi relates to logging activities and
specifically to the disclosure of payments to governments relating to the
logging of primary forests.

We have used the Food and Agriculture Organisation of the United Nations
definition of `primary forest' being:

`Naturally regenerated forest of native tree species, where there are no clearly
visible indications of human activities and the ecological processes are not
significantly disturbed'.

Also, for the purposes of this report, the original `IFL 2000' (Greenpeace,
World Resources Institute (WRI) and Transparent World) inventory of intact
forests has been used as the base for reporting on the harvesting of primary
forests in the Komi Republic, Russia (`Komi').

Only a portion of the Syktyvkar logging operations in Komi fall within the above
definition of primary forests. Mondi is required to report for the period during
2023 until the sale of Syktyvkar was completed on 4 October. Our operations in
South Africa comprise plantation forests that are not associated with any
primary forests and therefore are excluded from the report.

Exchange rate

Payments made in currencies other than the euro (Mondi Group's reporting
currency) are translated for this report using the average exchange rate during
the financial year to which it relates.

Report

+----------+-----------+--------+---------+---------+-------+--------+----------
----+--------+
|Government
|
|Report
|
+----------+-----------+--------+---------+---------+-------+--------+----------
----+--------+
|Country   |Production |Taxes   |Royalties|Dividends|Bonuses|Licence
|Infrastructure|Total   |
|          |entitlement|        |         |         |       |fees,
|improvements  |        |
|          |           |        |         |         |       |etc     |
|        |
+----------+-----------+--------+---------+---------+-------+--------+----------
----+--------+
|Russia1   |Nil        |-€66,073|Nil      |Nil      |Nil    |€355,187|Nil
|€289,114|
|          |           |        |         |         |       |        |
|        |
|          |           |        |         |         |       |        |
|        |
+----------+-----------+--------+---------+---------+-------+--------+----------
----+--------+
|Projects
|
|Report
|
+----------+-----------+--------+---------+---------+-------+--------+----------
----+--------+
|Entity    |Production |Taxes   |Royalties|Dividends|Bonuses|Licence
|Infrastructure|Total   |
|          |entitlement|        |         |         |       |fees,
|improvements  |        |
|          |           |        |         |         |       |etc     |
|        |
+----------+-----------+--------+---------+---------+-------+--------+----------
----+--------+
|JSC Mondi |Nil        |-€66,073|Nil      |Nil      |Nil    |€355,187|Nil
|€289,114|
|Syktyvkar1|           |        |         |         |       |        |
|        |
|          |           |        |         |         |       |        |
|        |
+----------+-----------+--------+---------+---------+-------+--------+----------
----+--------+

1 This covers the period up to 4 October 2023, being the date on which the sale
of Syktyvkar was completed. Prior to this, the Group's operations in Russia,
including Syktyvkar, had been classified as discontinued operations and reported
as held for sale.

The report has been submitted to the National Storage Mechanism and will shortly
be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Contact:

Mondi Group

Fiona Lawrence +44 742 587 8683

Group Head of Investor Relations

Kerry Cooper+44 788 145 5806

Mondi Group Communication Director

About Mondi

Mondi is a global leader in packaging and paper, contributing to a better world
by producing products that are sustainable by design. We employ 22,000 people in
more than 30 countries and operate an integrated business with expertise
spanning the entire value chain, enabling us to offer our customers a broad
range of innovative solutions for consumer and industrial end-use applications.
Sustainability is at the centre of our strategy, with our ambitious commitments
to 2030 focused on circular driven solutions, created by empowered people,
taking action on climate.

In 2023, Mondi had revenues of €7.3 billion and underlying EBITDA of €1.2
billion. Mondi has a premium listing on the London Stock Exchange (MNDI), where
the Group is a FTSE100 constituent, and also has a secondary listing on the JSE
Limited (MNP).

mondigroup.com

Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a BofA
Securities.

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