PPC LIMITED - PPC002 - New Financial Instrument Listing

PPC002 - New Financial Instrument Listing

PPC LTD

(Incorporated in the Republic of South Africa with limited liability under registration number 1892/000667/06)

JSE Code:        PPC002

ISIN No:         ZAG000111212



NEWS RELEASE

4 December 2013



NEW FINANCIAL INSTRUMENT LISTING



The JSE Limited has granted a listing to PPC LTD – PPC002 on the Interest Rate Market, due

31 December 2018, issued under its Domestic Medium-term Note Programme dated 18 March 2013.



INSTRUMENT TYPE: FLOATING RATE NOTE



Authorised Programme Size                 R6,000,000,000

Total Notes in issue                      R650,000,000



Full note details are set out below:

Bond Code                                 PPC002

Nominal Value                             R750,000,000

Coupon                                    6.95% (4 Month interpolated rate (being the mid rates for 4 Month NCD

                                          rate quoted by 4 major banks as at 04 December 2013 of 5.45%) plus

                                          150 bps for the first interest payment period thereafter 3 month JIBAR

                                          plus 150 bps)

Issue Price                               100%

Trade Type                                Price

Maturity Date                             31 December 2018

Interest Payment Dates                    31 March, 30 June, 30 September and 31 December

Interest Commencement Date                4 December 2013

Interest Determination Date               4 December 2013

First Interest Payment Date               31 March 2014

Books Close                               21 March, 20 June, 20 September and 21 December

Last day to register                      by 17:00 on 20 March, 19 June, 19 September and 20 December

Business Day Convention                   Modified Following Business Day

Date Issued                               4 December 2013

ISIN No                                   ZAG000111212



Debt sponsor:

Absa Bank Limited (acting through its Corporate and Investment Banking division)



Joint Lead Arrangers:

The Standard Bank of South Africa Limited (acting through its Corporate and Investment Banking division)

Absa Bank Limited (acting through its Corporate and Investment Banking division)

Quartile Capital Proprietary Limited



Sponsor to PPC Ltd:

Merrill Lynch South Africa (Pty) Ltd


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