Ads by Google

MONDI PLC - Mondi Swiecie S.A. Completes Refinancing

Mondi Limited

(Incorporated in the Republic of South Africa)

(Registration number: 1967/013038/06)

JSE share code: MND ISIN: ZAE000097051

Mondi plc

(Incorporated in England and Wales)

(Registration number: 6209386)

JSE share code: MNP ISIN: GB00B1CRLC47

LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc
(together "Mondi Group") notify both the JSE Limited and the London Stock
Exchange of matters required to be disclosed under the JSE listings
requirements and/or the Disclosure and Transparency and Listing Rules of the
United Kingdom Listing Authority.

2 November 2009

Mondi Group wishes to draw attention to subsidiary Mondi Swiecie S.A.'s
announcement about the completion of the refinancing of its business.

Mondi Swiecie S.A. Completes Refinancing

Mondi Swiecie S.A., the Mondi Group's 66% owned subsidiary in Poland, has
completed a refinancing of its business. This includes renegotiation of the
terms of a nine year Syndicated EIB Guarantee Facility for PLN 521,782,800 and
the consolidation of its other financing sources through a Syndicated Revolving
Credit Facility Agreement for PLN 225,000,000 and a Mondi Group inter company
loan facility of PLN 200,000,000.

Both the Syndicated EIB Guarantee Facility and the Syndicated Revolving Credit
Facility have been guaranteed by Mondi Group.

Contact details:

Mondi Group               Tel: +27(0)11 994 5415

Andrew King

Lora Rossler              Tel: +27 31 451 2111 or lora.rossler@mondigroup.co.za

About Mondi Group

Mondi is an international paper and packaging group and in 2008 had revenues of
ae6.3 billion. Its key operations and interests are in Western Europe, emerging
Europe, Russia and South Africa.

The Group is principally involved in the manufacture of packaging paper and
converted packaging products; uncoated fine paper; and speciality products and
processes, including coatings and consumer flexibles.

Mondi is fully integrated across the paper and packaging process, the growing
of wood and manufacture of pulp (including recycled materials) and paper to the
converting of packaging papers into corrugated packaging and industrial bags.

Mondi has production operations across 35 countries and had an average of
33,400 employees in 2008. www.mondigroup.com



END

Copyright (C) 2009 PR Newswire Europe. All rights reserved

News Provided by COMTEX


Related terms: business, consumer, england, europe, industrial, manufacturer, packaging, poland, products, refinancing, russia, south africa

Related Articles

Brazil - Beef for South Africa - Meattradenewsdaily (blog)
Nov 2, 2009
...Links | Contact Us Brazil - Beef for South Africa 02 Nov 2009 Brazil is lobbying South Africa to lift a ban on beef and pork imports...partially. There is increased pressure on South Africa to resolve the issue, with complaints...

Bluewater Bio Expands into South Africa
Nov 2, 2009
...Pollution > Bluewater Bio Expands into South Africa Bluewater Bio Expands into South Africa 02/11/2009 Bluewater Bio International...an exclusive representation agreement in South Africa via a license agreement with Headstream...

South Africa in the Hollywood eye
Nov 8, 2009
...USC-Arizona State Healthcare South Africa in the Hollywood eye The...Freeman, left, and Matt Damon, tells of South Africa's victory in the 1995 Rugby World...Related 'Invictus' Photos: South Africa's cinematic history Photos: South...

South Africa cancels order for eight A400M transports
Nov 5, 2009
...Home › Aircraft › News Article South Africa cancels order for eight A400M transports...into development difficulties, with South Africa having cancelled its order for eight...aircraft. Confirmed on 5 November, South Africa's decision comes after deliveries...