On September 7, 2023, transactions were conducted in relation to the Mondi Share Incentive Plan (SIP) on behalf of directors of Mondi plc. The SIP is an all-employee trust arrangement approved by UK HM Revenue and Customs. It allows UK employees to buy Ordinary shares in Mondi plc using monthly deductions from salary and receive allocations of free matching Mondi Shares. Two directors, Andrew King (Group CEO) and Mike Powell (Group CFO), acquired partnership and free matching shares through the SIP. Half of the shares acquired were acquired for nil consideration. The price given for the nil consideration Matching Shares reflects the market value on the day of purchase. The transactions took place on the London Stock Exchange.