UPM Price Increase Announcement

Mondi is paving the way to become one of the leading suppliers of premium recycled paper with its established brand NAUTILUS®. Over the past few months, the business has initiated several steps to meet increasing demand for premium recycled paper and goes to the heart of Mondi's approach to sustainability. In 2020, Mondi launched three new members of the NAUTILUS® family, NAUTILUS® ProCycle, NAUTILUS® ProCycle high-speed inkjet and NAUTILUS® SuperWhite for HP Indigo. *NAUTILUS® ProCycle is a 100% recycled office paper meeting the highest environmental standards. It is CO2 neutral and offers EU Ecolabel, FSCTM and Blue Angel certification. The paper has a high degree of whiteness (UV 100 / CIE whiteness 135), which is achieved without using optical brighteners in the production process. Therefore, NAUTILUS® ProCycle is currently the only recycled paper on the market that is produced in line with the new standards of the Blue Angel ecolabel. It is available in 80 g/m² A4 and A3 sizes. *NAUTILUS® ProCycle high-speed inkjet is especially tailored to high-speed inkjet printing presses. It is available in reels of 80 and 90 g/m2. Its special surface treatment for dye and pigment inks retains ink on the paper surface for crisper colours with lower ink consumption. Additionally, it is optimised for quick water absorption, fast drying, no offsetting and, consequently, increased productivity. *NAUTILUS® SuperWhite for HP Indigo is the ideal sustainable alternative to bright white paper made from virgin fibre as it is produced entirely from post-consumer waste paper and with a CIE whiteness level of 150. The entire range, from 80 to 350 gsm, is certified for HP Indigo presses, which is ideal for runnability, blanket compatibility and ElectroInk adhesion.

Financial review H1 2017: The Group's comparable net sales growth was 2% during the first half of the year with a positive contribution from all business segments. Comparable growth in emerging markets was 1%. Growth was strongest in Eastern Europe and Southeast Asia, while net sales declined significantly in India. The Group's net sales grew to EUR 1,511 million (EUR 1,414 million). Foreign currency translation impact on the Group's net sales was EUR 36 million (EUR -39 million) compared to 2016 exchange rates. The majority of the positive impact came from the US dollar, Russian ruble and Indian rupee, while the impact from pound sterling and certain emerging market currencies was negative. Click Read More below for additional detail.

The Company reported an operating loss of $5.6 million for the second quarter of 2024, compared to an operating loss of $15.7 million for the first quarter of 2024. These results largely reflected an uplift in global pulp pricing, primarily in response to global pulp supply disruptions, and the correlated improvement in the Company’s average Northern Bleached Softwood Kraft (“NBSK”) pulp sales unit realizations. These factors were offset in part, however, by a decline in the Company’s pulp production and shipments quarter-over-quarter, driven by extended downtime at its Intercontinental NBSK pulp mill (“Intercon”) to address unforeseen recovery boiler repairs identified during the scheduled maintenance in May. In May 2024, the Company announced the decision to indefinitely curtail one production line at its Northwood NBSK pulp mill (“Northwood”) as a result of the continual decline in the availability of economic fibre in the northern British Columbia (“BC”) region.