PPC LIMITED - Non-Binding Expression of Interest from Lafarfeholcim and a Further Cautionary

Non-Binding Expression of Interest from Lafarfeholcim and a Further Cautionary

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

NON-BINDING EXPRESSION OF INTEREST FROM LAFARFEHOLCIM AND FURTHER
CAUTIONARY ANNOUNCEMENT

Shareholders of PPC (“Shareholders”) are referred to announcements published
on the Stock Exchange News Service (“SENS”) by PPC on 4 September 2017 and
3 October 2017 that PPC had received credible indicative proposals from trade
bidders in relation to a potential pan-African combination with PPC. Further
to those announcements, PPC shareholders are advised that PPC has received
a non-binding expression of interest (“EOI”) from LafargeHolcim, which
contemplates a combination of certain African assets, a partial cash offer
and a special dividend.

LafargeHolcim intends to submit a Firm Intention Offer during the week
commencing 20 November 2017, following the completion of a due diligence
process.

PPC shareholders should note that the process in respect of the Fairfax
Africa Investments Proprietary Limited (“Fairfax”) partial offer, announced
by PPC on SENS on 4 September 2017, is still proceeding in accordance with
the Independent Board process described in the announcement published on
SENS by PPC on 3 October 2017, concurrently with the consideration by the
Independent Board of the EOI and the consequential engagement by the
Independent Board with LafargeHolcim.

PPC’s shareholders should note that this EOI may or may not lead to a Firm
Intention Offer and accordingly PPC shareholders are advised to continue to
exercise caution when dealing in securities of PPC until a further
announcement is made.

Sandton
27 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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