RESULTS OF CAPITALISATION SHARE AWARD - PPC

PRETORIA PORTLAND CEMENT COMPANY LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
REGISTRATION NUMBER 01/00667/06
("PPC")

RESULTS OF CAPITALISATION SHARE AWARD AND RIGHT OF ELECTION TO RECEIVE INSTEAD
THE FINAL DIVIDEND OF 220 CENTS PER SHARE
RESULTS

THE RIGHT OF ELECTION TO RECEIVE THE FINAL DIVIDEND OF 220 CENTS PER ORDINARY
SHARE IN RESPECT OF THE YEAR ENDED 30 SEPTEMBER 1997, INSTEAD OF THE AWARD OF
CAPITALISATION SHARES MADE TO ORDINARY SHAREHOLDERS REGISTERED AT THE CLOSE OF
BUSINESS ON FRIDAY, 21 NOVEMBER 1997, DETERMINED BY THE RATIO THAT 220 CENTS
MULTIPLIED BY 1,05 BORE TO THE CLOSING PRICE OF ORDINARY SHARES IN PPC ON THE
JOHANNESBURG STOCK EXCHANGE ("THE JSE") ON THURSDAY, 18 DECEMBER 1997 AVERAGED
WITH THE CLOSING PRICES FOR THE THREE PRIOR TRADING DAYS ("THE CLOSING PRICE" -
6 162,5 CENTS) FOR EVERY SHARE HELD, CLOSED AT 12H00 ON FRIDAY, 19 DECEMBER
1997.

ELECTIONS TO RECEIVE THE FINAL DIVIDEND WERE MADE IN RESPECT OF 6 672 113
SHARES. ACCORDINGLY, A DIVIDEND OF 220 CENTS PER ORDINARY  SHARE IN RESPECT OF
THE YEAR ENDED 30 SEPTEMBER 1997 HAS BEEN DECLARED ON THESE SHARES, AMOUNTING
IN TOTAL TO R14 678 648,60 AND 1 447 877 NEW ORDINARY SHARES HAVE BEEN ALLOTTED
IN TERMS OF THE CAPITALISATION SHARE AWARD. FOLLOWING THE ISSUE OF THE
CAPITALISATION SHARES, THE ISSUED ORDINARY SHARE CAPITAL OF PPC WILL CONSIST OF
46 752 733 ORDINARY SHARES OF ONE RAND EACH. SHAREHOLDERS HOLDING 85,27% OF THE
ORDINARY SHARE CAPITAL HAVE BEEN ALLOTTED NEW ORDINARY SHARES AND SHAREHOLDERS
HOLDING 14,73% HAVE ELECTED TO RECEIVE THE FINAL DIVIDEND.
LISTING OF NEW ORDINARY SHARES

THE LISTING OF THE 1 447 877 NEW ORDINARY SHARES IN PPC WILL COMMENCE ON THE
JSE AT THE START OF BUSINESS ON MONDAY, 29 DECEMBER 1997.
POSTING OF SHARE CERTIFICATES AND CHEQUES

SHARE CERTIFICATES IN RESPECT OF CAPITALISATION SHARES AND DIVIDEND/FRACTION
CHEQUES WILL BE POSTED TO SHAREHOLDERS ON OR ABOUT MONDAY, 29 DECEMBER 1997.
JOHANNESBURG
29 DECEMBER 1997
SPONSORING BROKER
FERGUSSON BROS.
ESTABLISHED 1895
A DIVISION OF INVESTEC SECURITIES LIMITED
REGISTRATION NUMBER 72/08905/06
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE