DS Smith Half Year Results 2020/21

Highlights • A resilient performance with strong cash flow - Underlying EBITDA of €1,201 million (2022: €1,848 million), with margin of 16.4% (2022: 20.8%) - Strong cash generation with cash generated from operations increasing to €1,312 million (2022: €1,292 million) - Group revenue of €7,330 million (2022: €8,902 million) - Basic underlying earnings per share of 107.8 euro cents (2022: 195.6 euro cents) - Return on capital employed (ROCE) of 12.8% (2022: 23.7%) • Robust balance sheet with net debt to underlying EBITDA at 0.3 times; pro-forma at 1.0 times1 (2022: 0.5 times) • Good progress towards delivering €1.2 billion of organic growth investments on time and on budget • Advancing our sustainability performance through the Mondi Action Plan 2030 (MAP2030) • Completed sale of Russian assets, concluding the Group's exit from Russia

International beauty packaging manufacturer and provider Quadpack and Aptar Beauty + Home, worldwide leader in the design and manufacturing of beauty dispensing solutions, have jointly developed a refillable lipstick which pushes the boundaries of sustainability and sensory appeal in makeup packaging. In a spirit of collaborative innovation, the two companies have blended their respective expertise in wood and stick mechanisms to create a product that delivers a great consumer experience: the Iconic Woodacity® Lipstick. Jeremy Garrard, Quadpack’s Director of Market Development, said, “This has been a project firmly based on shared value. Aptar is a respected partner with whom we have a strong history of collaboration. Now, we are leveraging each other’s complementary technologies, market positioning and customer base, to create a refillable makeup solution that really makes a difference.” Sergi Berthet, Vice-President, General Manager Beauty EMEA at Aptar, said, “This solution combines Aptar’s expertise in mechanisms for prestige lipsticks, with Quadpack’s know-how in high-end wood solutions. Our partnership has led to an innovative and premium refillable lipstick, which illustrates our common goal of a sustainable future for packaging”.

Neenah Industrial Solutions, a Mativ brand and leading manufacturer of critical components and specialty solutions, announces a name change and rebrand to Indafor. The rebrand provides the perfect opportunity for Neenah Industrial Solutions to move beyond the legacy parent company Neenah-based name and adopt a new name, look, contemporary website, and updated marketing collateral, resulting in the launch of the Indafor brand in March of 2024. The new Indafor name pays homage to the brand’s more than a century-old history of strength, innovation, and industrial solutions by marrying the words industrial and the Latin word for strong, fortis. The brand’s tagline, “Where it all comes together,” positions it for a future of continued partnership, process, and progress in pressure-sensitive tape backings, performance labels, medical packaging, dispersible technology, abrasive backings, and specialty paper markets.