PPC LIMITED - Renewal of Cautionary Announcement in relation to the Proposed Merger of PPC and AfriSam

Renewal of Cautionary Announcement in relation to the Proposed Merger of PPC and AfriSam

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")

RENEWAL OF CAUTIONARY ANNOUNCEMENT IN RELATION TO THE PROPOSED MERGER OF PPC
AND AFRISAM GROUP PROPRIETARY LIMITED

Shareholders of PPC are referred to various cautionary announcements, first
published on the Stock Exchange News Service (“SENS”) on 13 February 2017
and the last on 17 July 2017, regarding the Heads of Terms (“HoT”) entered
into by AfriSam Group (Pty) Ltd (“AfriSam”) and PPC (collectively, the
“Parties”), to assess the merits of a potential merger (“Proposed Merger”)
between the Parties and to enter into formal discussions in this regard.

AfriSam has notified PPC that it has terminated the HoT which formed the
basis of the current engagements between the Parties with regard to the
Proposed Merger. Notwithstanding the termination of the HoT, AfriSam has
indicated to PPC that it intends submitting a new proposal regarding a
possible combination of the Parties.

The outcome of these discussions may have a material impact on the price of
the Company’s securities. Accordingly, shareholders are advised to continue
exercising caution when dealing in securities of the Company until such time
a further announcement is made.

Sandton
25 August 2017

Investor contacts:
PPC:
Anashrin Pillay
Tel: +27 (0) 11 386 9000
Anashrin.Pillay@ppc.co.za

Joint Financial Advisor and Sponsor to PPC
Merrill Lynch South Africa (Pty) Ltd

Joint Financial Advisor to PPC
Identity Advisory (Pty) Ltd

Independent Advisor to the Board of PPC
The Standard Bank of South Africa Limited


Legal Advisors to PPC
Bowmans

Financial Advisor to AfriSam
Rand Merchant Bank (a division of FirstRand Bank Limited)

Legal Advisors to AfriSam
Webber Wentzel
Nortons Inc

Financial Communications Advisor:
Instinctif Partners
Louise Fortuin
Mobile: +27 (0) 71 605 4294
Louise.Fortuin@instinctif.com

Date: 25/08/2017 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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