PPC LIMITED - Changes to the Board of Directors of PPC ("BOARD")

Changes to the Board of Directors of PPC ("BOARD")

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

CHANGES TO THE BOARD OF DIRECTORS OF PPC (“BOARD”)

PPC shareholders are referred to the announcement published on the Stock
Exchange News Service on 22 February 2018 regarding alignment of the Board
composition with its strategic priorities. In compliance with paragraph 3.59
of the Listings Requirements of the JSE Limited, the Board wishes to inform
shareholders of the following changes to the Board.

Appointments of Non-executive Directors to the Board
The Board is pleased to announce three new appointments to the board, with
immediate effect.

The first appointment is that of Mr Ignatius Sehoole as non-executive
director and member of the audit committee of PPC.

•   Mr Sehoole is a Chartered Accountant with a Management diploma from
    Ashridge College in the UK. He brings a wealth of leadership and management
    experience spanning over 30 years. He is the former Executive President
    of SAICA and is currently a non-executive Director at SacOil/Efora
    Holdings Limited since 2013, where he serves as the chairman of the
    Investment Committee, member of the Audit Committee and member of the
    Social and Ethics Committee. He is also a non-executive Director at Old
    Mutual Group Holdings and Chairman of its Audit Committee, as well as a
    member of the Risk Committee. He serves on the Specialist Committee on
    Company Law and the Chairman of CAPIM.

The board has also resolved to appoint Advocate Mojankunyane Gumbi to the
Board as non-executive director of PPC.

•   Advocate Gumbi is a human rights lawyer in South Africa. She has practiced
    as both an Attorney and later Advocate, since 1984 and served as a Special
    Advisor in the Presidency during both the Mandela and Mbeki administration
    where she acted as a key negotiator in the resolution of conflicts in
    Lesotho, Democratic Republic of Congo, Burundi, Comoros, Cote d’Ivoire
    and Zimbabwe. She serves and has served on the boards of many companies,
    trusts and philanthropic associations including the Nelson Mandela
    Children’s Fund, the Open Society Foundation, LexisNexis, the Southern
    African Political and Economic Trust (SAPES), the Black Lawyers
    Association and the Thabo Mbeki Foundation.

    Advocate Gumbi holds two law degrees, one from the University of the
    Witwatersrand (LL.B, conferred in 1984) and another from the University
    of Limpopo (B.Proc, conferred in 1982), both in South Africa. She also
    has a certificate in Trial Advocacy from the University of Texas at Austin,
    and completed two modules on international economics with the London
    School of Economics.

The third appointment to the board is that of Dr. Stephan Olivier who is
appointed as non-executive director of PPC.

•   Dr. Stephan Olivier has extensive experience serving as a Board member in
    various companies within the construction materials manufacturing and
    associated industries. He was the Chief Executive Officer of AfriSam
    (South Africa) (Pty) Ltd. until March 2017 and previously served as its
    Chief Operating Officer of Cement. He has held various positions within
    AfriSam, including that of Director in Marketing.

    Dr. Olivier also served as a non-executive Director of Tanga Cement Public
    Limited Company between May 2010 until March 2017 and as Chairman of its
    Remuneration Committee. Previously, he also held the position of Director
    Marketing and Technical Services at Holcim in South Africa. He holds a
    Ph.D in Biochemistry from the University of the Free State.

The Board welcomes the newly appointed non-executive directors and is looking
forward to their contribution in their respective roles.

In addition, the board also confirmed the following appointments to board
committees:

    •   Ms Gobodo as chairman of the audit committee and member of the risk
        and compliance committee;
    •   Ms Mkhondo as member of the nominations and remuneration committees;
    •   Mr Ball as member of the investment committee; and
    •   Mr Moleketi as chairman of the nominations committee and a member of
        the remuneration and SET committee.



Sandton
13 April 2018

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

Sponsor to PPC
Merrill Lynch South Africa (Pty) Ltd

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