PPC LIMITED - Further Trading Statement for the Twelve Months ended 31 March 2023

Further Trading Statement for the Twelve Months ended 31 March 2023

 PPC Limited
 (Incorporated in the Republic of South Africa)
 (Company registration number 1892/000667/06)
 JSE ISIN: ZAE000170049
 JSE code: PPC
 ZSE code: PPC

 (“PPC” or “the company” or “the group”)


FURTHER TRADING STATEMENT FOR THE TWELVE MONTHS ENDED 31 MARCH
2023

Shareholders are referred to the trading statement and operational update for the year ended 31 March
2023 published on SENS on 15 June 2023 (the Trading Statement) and are advised that during the
finalisation of its audited annual financial statements for the year ended 31 March 2023, a prior period error
in the accounting treatment relating to the treatment of the DRC business, PPC Barnet, as a disposal group
was discovered. Since 31 March 2021, PPC Barnet has been accounted for as a discontinued operation
until 29 April 2022, whereupon it was deconsolidated and treated as an equity accounted investment.

EPS and HEPS for continuing operations

This has no effect on the expected earnings per share (EPS) and headline earnings per share (HEPS) for
continuing operations, which were disclosed in the Trading Statement, and which are now as follows:


                                                                          Current      Prior
                                                                          period       period


                                                                           Actual      Actual


 EPS (cents) 1                                                               (16)         (5)
 HEPS (cents) 1                                                               (8)         (3)

1 Brackets denote losses per share


EPS and HEPS for the group, including discontinued operations

There was also no impact on the HEPS for the group, including discontinued operations. The actual loss
is 9 cents per share compared to the 13 cents per share loss in the prior period.
The effect of the prior period error on EPS for the group, including discontinued operations is as follows:


                                                                        Current        Prior
                                                                        period         period


                                                                      Actual         Restated

EPS (cents) 1                                                             (43)           (4)


1 Brackets   denote losses per share

The financial information on which this trading statement is based is the responsibility of the directors of
the company and has been audited and reported on by the group's independent external auditor, PwC. Full
details of the groups’ performance will be contained in the group’s audited financial statements for the
twelve months ended 31 March 2023, which will also be released on 26 June 2023.


Sandton
26 June 2023

Sponsor
Questco Corporate Advisory Proprietary Limited

Financial Communications Advisor
Instinctif Partners
Louise Fortuin
Mobile: +27 71 605 4294

Date: 26-06-2023 07:05:00
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