OREANDA-NEWS. The Mondi Group is pleased to announce the appointment of Tshamano Mohau Frederik (‘Fred’) Phaswana as joint chairman with effect from 1 June 2013. He will replace Cyril Ramaphosa who, as announced in January, stepped down at the conclusion of the Annual General Meetings on 3 May 2013.

Fred Phaswana is chairman of Standard Bank Group and The Standard Bank of South Africa. He is also chairman of the South African Institute of International Affairs and non-executive director of Naspers Limited. He was formally regional president of BP Africa, a non-executive director of Anglo American plc and chairman of Anglo American South Africa, Anglo Platinum, Transnet, Ethos Private Equity, the South African Energy Association and the Advisory Board of the Cape Town Graduate School of Business. He is also former honorary president of the Cape Town Press Club.

With effect from 1 June 2013, Fred will be a member of the DLC nominations committee.

David Williams, Joint Chairman, commented:

‘The Mondi Group Boards and I are delighted that Fred will be joining us. He brings extensive experience in board and senior business leadership roles and his knowledge of the South African business environment will be of particular benefit to Mondi.

I would also like to take this opportunity to thank Cyril for his significant contribution to the Mondi Group. He helped guide Mondi through its initial years of listing and played an important role in providing constructive counsel particularly on issues specific to the South African business environment. He leaves with our very best wishes for the future.’

There are no other details that require to be disclosed in respect of the appointment of Fred Phaswana pursuant to Rule 9.6.13 of the UK Listing Rules.