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PPC LIMITED - Renewal of Cautionary Announcement


PPC Renewal of Cautionary Announcement PPC Ltd (Incorporated in the Republic of South Africa) (Company registration number: 1892/000667/06) JSE and ZSE Code: PPC ISIN: ZAE000170049 ("PPC" or the "Company") PROPOSED NEW BLACK ECONOMIC EMPOWERMENT TRANSACTION RENEWAL OF CAUTIONARY ANNOUNCEMENT PPC shareholders are referred to the detailed cautionary announcement dated 14 December 2017 regarding a proposed new black economic empowerment transaction.

As stated in the abovementioned announcement, in order to address non-compliance with the Mining Charter, the board of directors of PPC has approved a framework for a top-up BEE transaction to restore BEE equity shareholding in respect of the South African operations (the ?Proposed BEE Transaction?).

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Detailed terms of the Proposed BEE Transaction have not yet been disclosed, accordingly, PPC shareholders are advised to continue exercising caution when dealing in securities of PPC until a detailed announcement is published. Sandton 29 January 2018 Investor contacts: PPC: Anashrin Pillay Tel: +27 (0) 11 386 9000 Anashrin.Pillay@ppc.co.za Siobhan McCarthy Group Manager Corporate Affairs Siobhan.mccarthy@ppc.co.za Tel: +27 (0) 11 386 9000 Sponsor to PPC: Merrill Lynch South Africa (Pty) Ltd Investment Bank,

Corporate Advisor and Transaction Sponsor to PPC: Nedbank Limited, acting through its Corporate and Investment Banking Division Legal Advisor to PPC: Tshisevhe Gwina Ratshimbilani Inc. Financial Communications Advisor: Instinctif Partners Gift Dlamini Gift.dlamini@instinctif.com Mobile: +27 (0) 11 050 7536 Date: 29/01/2018 12:00:00 Produced by the JSE SENS Department.

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LINK : https://www.businesslive.co.za/story/?resource_id=SENSIN_20180129040000_15

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