Mondi Limited

Directors’ remuneration
for the year ended 31 December 2010
Executive directors’ remuneration
The remuneration of the executive directors who served during the period under review was as follows:
Value of
Annual deferred Other Noncash
shares cash cash
Salary 1 bonus awarded benefits benefits Total
David Hathorn 2010 E903,629 E602,812 E602,812 E28,100 E19,123 E2,156,476
(R8,756,284) (R5,849,043) (R5,849,043) (R272,292) (R180,170) (R20,906,832)
2009 E867,115 E538,799 E538,799 E26,964 E18,023 E1,989,700
(R10,051,611) (R6,277,007) (R6,277,007) (R312,573) (R207,007) (R23,125,205)
Andrew King 2010 E501,368 E264,564 E264,564 E22,504 E23,639 E1,076,639
(R4,784,386) (R2,567,049) (R2,567,049) (R218,060) (R219,451) (R10,355,995)
2009 E447,543 E221,124 E221,124 E21,594 E14,291 E925,676
(R5,187,927) (R2,576,090) (R2,576,090) (R250,318) (R164,677) (R10,755,102)
Peter Oswald 2010 E800,000 E427,200 E427,200 E255 E36,104 E1,690,759
(R7,726,972) (R4,145,094) (R4,145,094) (R2,478) (R379,519) (R16,399,157)
2009 E800,000 E393,600 E393,600 E255 E34,913 E1,622,368
(R9,231,103) (R4,585,440) (R4,585,440) (R2,964) (R388,550) (R18,793,497)
1 The salaries of David Hathorn (£775,000) and Peter Oswald (E800,000) remained constant in local currency terms from 2009 to 2010.
Non-executive directors’ remuneration
8 Annual report and accounts 2010
2010 2009
Other Other
Fees benefits Total Fees benefits Total
Cyril Ramaphosa 1 E292,387 – E292,387 E356,641 – E356,641
(R2,746,783) (R2,746,783) (R4,145,263) (R4,145,263)
David Williams 1 E292,387 – E292,387 E175,565 – E175,565
(R2,746,783) (R2,746,783) (R1,965,574) (R1,965,574)
Colin Matthews E90,726 – E90,726 E90,957 – E90,957
(R850,088) (R850,088) (R1,044,025) (R1,044,025)
Imogen Mkhize E74,435 – E74,435 E71,155 – E71,155
(R697,138) (R697,138) (R822,544) (R822,544)
John Nicholas 2 E93,065 – E93,065 E25,354 – E25,354
(R872,062) (R872,062) (R273,769) (R273,769)
Anne Quinn E98,913 – E98,913 E94,117 – E94,117
(R926,998) (R926,998) (R1,078,247) (R1,078,247)
1 Until 4 August 2009 the joint chairmen’s fees were capped at E466,110 (R3,881,174) per annum, comprising a core fee of E302,971 (R2,522,763) per annum plus
supplemental fees reflecting their additional commitments. With effect from 5 August 2009, the remuneration of the joint chairmen was reduced to a fee of E291,319
(R2,425,733) per annum with no supplemental fees for their additional commitments.
2 For 2009, the fee paid to John Nicholas covers the period from his appointment on 2 October 2009 until 31 December 2009.