PPC LIMITED - Acquistion of Safika Cement Holdings

Acquistion of Safika Cement Holdings

PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE 000170049
("PPC" or the "Company")

ACQUISTION OF SAFIKA CEMENT HOLDINGS

PPC is pleased to advise that it has entered into an agreement to purchase
a controlling equity stake in Safika Cement Holdings (Pty) Limited
(“Safika”) for the cash consideration of approximately R350 million.

Safika is a blended cement producer in South Africa;      producing over
20 million bags per annum. The business owns              five blending
facilities and one milling operation and produces          blended 32.5N
cement under three brands; IDM Best Build, Castle          and the Spar
Build-It house brand.

Ketso Gordhan, CEO of PPC commented “We are very excited to be able
to add another complimentary business to PPC. This is an important
step in our ‘Keeping the Home Fires Burning’ strategy.

The proposed transaction is subject to approval by the regulatory
authorities as well as the conclusion of the due diligence process.

Sandton
7 August 2013

Sponsor
Merrill Lynch South Africa (Pty) Limited

PPC:
Azola Lowan
Tel: +27 (0) 11 386 9000
Azola.Lowan@ppc.co.za

Financial Communications Advisor:
College Hill
Louise van der Merwe
Mobile: +27 (71) 605 4294
Louise.vanderMerwe@collegehill.co.za

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