MONDI PLC - Mondi Completes Acquisition of Hinton Pulp Mill

Mondi Completes Acquisition of Hinton Pulp Mill

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI
JSE share code: MNP ISIN: GB00BMWC6P49


5 February 2024

Mondi completes acquisition of Hinton Pulp mill

Mondi plc (Mondi), a global leader in the production of sustainable packaging and
paper, has completed the acquisition of Hinton Pulp mill in Alberta, Canada, from West
Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million.

The mill has the capacity to produce around 250,000 tonnes of pulp per annum and
will provide the Group with access to local, high-quality fibre from a well-established
wood basket as part of a long-term partnership with West Fraser.

Mondi intends to invest in the mill to improve productivity and sustainability
performance and, subject to pre-engineering and permitting, invest in expanding the
facility primarily with a new kraft paper machine which will integrate its paper bag
operations in the Americas and support future growth.

Commenting on the acquisition, Andrew King, Mondi Group CEO, said:

"We are delighted to welcome our new colleagues from Hinton Pulp mill to Mondi and
look forward to working together to secure the mill's future and support Mondi's growth
in North America with our portfolio of sustainable packaging."
                                      

Enquiries

Investors/analysts:
Fiona Lawrence                                         +44 742 587 8683
Mondi Group Head of Investor Relations

Media:
Chris Gurney                                           +44 799 004 3764
Mondi Group Head of Corporate Communication

Richard Mountain
FTI Consulting                                         +44 790 968 4466

Editor's notes

Mondi is a global leader in packaging and paper, contributing to a better world by
making innovative solutions that are sustainable by design. Our business is integrated
across the value chain – from managing forests and producing pulp, paper and films,
to developing and manufacturing sustainable consumer and industrial packaging
solutions using paper where possible, plastic when useful. 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 2022, Mondi had revenues of €8.9 billion and underlying EBITDA of €1.8 billion from
continuing operations, and employed 22,000 people worldwide. 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).

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

Date: 05-02-2024 01:59:00
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