PPC LIMITED - Withdrawal of Interest by Dangote Cement Plc

Withdrawal of Interest by Dangote Cement Plc

PPC Ltd
(Incorporated in South Africa)
(Company registration number: 1892/000667/06)
JSE and ZSE Code: PPC
ISIN: ZAE000170049
(“PPC” or the “Company”)


WITHDRAWAL OF INTEREST BY DANGOTE CEMENT PLC


Shareholders   of   PPC   (“Shareholders”)   are   referred   to   the   announcement
published on the Stock Exchange News Service (“SENS”) on 14 September 2017,
wherein Shareholders were advised that the board of directors of PPC (the
“Board”) had received a non-binding communication of interest from Dangote
Cement Plc (“Dangote”) with respect to a proposed combination involving the
acquisition by Dangote of the entire issued capital of PPC (“Proposed
Combination”).


Shareholders are advised that, on 5 October 2017, the Board received from
Dangote a formal withdrawal of its interest in respect of the Proposed
Combination.


Notwithstanding such withdrawal, in view of the partial offer by Fairfax
Africa Investments Proprietary Limited, and ongoing engagement regarding a
credible indicative proposal for a potential pan-African combination with
PPC, Shareholders are advised to continue exercising caution when dealing in
securities of the Company until such time as a further announcement is made
in this regard.


Sandton
6 October 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 Advisor to PPC
Bowmans

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