Mondi Plc held a General Meeting to address the implementation of a Special Dividend and Share Consolidation. All resolutions were passed by shareholders, with over 73% of shares voted. Following the approval, all conditions required for the implementation of the Special Dividend and Share Consolidation have been fulfilled. The terms and conditions, as well as the tax considerations, remain unchanged from the Circular published on 19 December 2023.

The Share Consolidation will replace every 11 Existing Ordinary Shares with 10 New Ordinary Shares. Fractional entitlements arising from the Share Consolidation will not be delivered to Shareholders but will instead be aggregated and sold in the market. The net proceeds of the sale will be paid to the relevant Shareholders. Payment of fractional entitlements is expected to be effected on 12 February 2024.

In order to effect the Share Consolidation, the Company will issue three additional Ordinary Shares of 0.20 each, so that the number of Existing Ordinary Shares is exactly divisible by 11. The Company confirms that applications will be made for the admission of three new Ordinary Shares to the premium listing segment of the Official List of the Financial Conduct Authority.

Shareholders are advised to read the Circular, which contains the terms and conditions of the Special Dividend and Share Consolidation, with care and in full. An electronic copy of the Circular is available on the Company's website and can be made available through a secure electronic manner at the election of the person requesting inspection.