Mondi proudly launches Spectrum of Impressions: The Print Book, the centrepiece of its new PERGRAPHICA® Full Spectrum Feels campaign. The campaign redefines the boundaries of premium print and design to create a multi-sensory experience, brought to life through colour, texture and detail on PERGRAPHICA® papers. The print book is created to help printers and converters showcase the full scope of their expertise to their customers, including creatives and brand owners. Compact yet powerful, it supports print sellers in promoting high value print projects and enables print buyers to explore the full technical and creative potential of PERGRAPHICA®. PERGRAPHICA® is Mondi’s uncoated premium design paper range, offering four shades of white in smooth and rough surfaces, alongside 31 PERGRAPHICA® Colours. Designed to meet the most demanding print designs, it is the ideal choice for creative and corporate design, premium publishing and luxury packaging. With a full spectrum of options, selecting the perfect paper becomes an opportunity to shape the look, feel and impact of every printed piece.

Management Summary from Chairman and Chief Executive Officer Jean-Michel Ribiéras: In the first quarter, we completed a heavy planned maintenance outage schedule in Europe and North America. The second quarter will be our heaviest outage quarter of the year, and by mid-year, we will have spent over 80% of the total annual planned maintenance outage costs. We returned nearly $40 million in cash to shareowners in the first quarter. We distributed $18 million via the first quarter dividend and repurchased $20 million in shares. We will continue evaluating opportunities to repurchase shares at attractive prices with $62 million remaining on our $150 million share repurchase authorization from September 2023. Our board of directors also declared a second quarter dividend of $0.45 per share, which we paid April 29. We understand one of the main risks in today’s environment is a global economic slowdown due to the current tariff situation, which could impact uncoated freesheet demand. Some shifts in uncoated freesheet and pulp trade flows are already starting to materialize. We also anticipate higher risks of inflation on our raw materials, transportation and capital spending. While these present possible challenges, these risks appear manageable because we are primarily sourcing and shipping locally, and have a very strong balance sheet. Over 90% of our raw materials are sourced locally, with very little coming from China. In Europe and North America, more than 90% of our shipments stay within their respective region. In Latin America, 80% of our shipments remain in the region. Although we export about 20% of our products from Latin America, we are well positioned as our Brazilian mills are some of the world's most competitive and low-cost uncoated freesheet facilities.

Fourth Quarter 2020 Highlights: *Revenue of $783 million *Income from operations of $94 million; Net income from continuing operations of $57 million *TiO2 selling prices remained level, benefiting from margin stability initiatives, and sales volumes increased 8 percent versus fourth quarter 2019 driven by improved market demand globally *Zircon volumes increased 48 percent versus fourth quarter 2019 driven primarily by strong demand in China. Full Year 2020 Highlights: *Revenue of $2,758 million *Income from operations of $271 million; Net income from continuing operations of $995 million *Total acquisition synergies of $243 million achieved, exceeding run rate synergy target of $220 million set at Investor Day in 2019; $193 million reflected in EBITDA, exceeding $183 million target set on third quarter 2020 earnings call *Cash flow provided by operating activities of $355 million; *$200 million discretionary debt repayment made in December 2020