MONDI PLC - EMPLOYEE SHARE PLANS TRANSACTIONS IN MONDI plc ORDINARY SHARES OF 0.22 EACH

Evidence from the filing

• The participation of the Group CEO, Andrew King, and Group CFO, Mike Powell, in the Mondi Share Incentive Plan, even for a small volume of shares, ensures their continued direct alignment with long-term shareholder interests through equity ownership.

  “transactions took place in relation to the Mondi Share Incentive Plan ("SIP") on behalf of directors of Mondi plc. 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Andrew King 2 Reason for the notification a) Position/status Group CEO 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Mike Powell 2 Reason for the notification a) Position/status Group CFO”

• The ongoing execution of the Mondi Share Incentive Plan (SIP) for UK employees, which facilitates the acquisition of partnership shares and the provision of free matching shares, demonstrates a well-established and approved incentive structure designed for talent retention and motivation.

  “The SIP is an all-employee trust arrangement approved by UK HM Revenue and Customs under which UK employees are able to buy Ordinary shares in Mondi plc ("Mondi Shares") using monthly deductions from salary and to receive allocations of free matching Mondi Shares ("Matching Shares"). Acquisition of partnership and free matching shares via Share Incentive Plan. Half of the shares acquired were acquired for nil consideration.”

• The acquisition of only 34 shares each by the Group CEO and CFO under the Share Incentive Plan (SIP) represents a de minimis personal capital commitment, failing to signal robust conviction from top leadership through substantial direct investment.

  “Price(s) £8.84184 Volume(s) 34”

• The fact that 'Half of the shares acquired were acquired for nil consideration' implies a portion of executive equity compensation is granted without a direct cash outlay from their personal funds, subtly diluting existing shareholders' economic interest through a mechanism that does not involve fresh capital injection by the executives.

  “Acquisition of partnership and free matching shares via Share Incentive Plan. Half of the shares acquired were acquired for nil consideration.”

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