MONDI PLC - Mondi Announces Closure of Stambolijski Paper Mill Following Fire

Mondi Announces Closure of Stambolijski Paper Mill Following Fire

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


25 October 2024


         Mondi announces closure of Stambolijski paper mill following fire

Following the fire at Mondi's Stambolijski mill (Bulgaria) on Tuesday 24 September 2024, the
Group has announced that it will permanently close the mill.

The fire caused extensive damage to the 100,000 tonne per annum brown kraft paper
machine and stopped production at the site. Thanks to the swift and professional response
on the day, everyone on site remained safe.

After evaluating the options for repairing the mill and the ongoing investment required for the
mill to remain competitive into the future, Mondi has concluded that closing the mill and
serving customers out of its network of other kraft paper mills is the best course of action
overall. This decision will affect around 300 Mondi Stambolijski employees.
There is expected to be approximately €100 million of net closure costs, primarily related to
a non-cash asset impairment which we will book as a special item.


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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                                            +44 790 968 4466
FTI Consulting


Editor's notes
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 is
listed on the London Stock Exchange in the ESCC category (MNDI), where the Group is a
FTSE100 constituent. It 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.

Date: 25-10-2024 10:00:00
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