PPC LIMITED - Imposition of Provisional Anti-Dumping Duties on Pakistani Cement

Imposition of Provisional Anti-Dumping Duties on Pakistani Cement

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")

IMPOSITION OF PROVISIONAL ANTI-DUMPING DUTIES ON PAKISTANI CEMENT

PPC hereby informs shareholders that provisional anti-dumping duties of
between 14.29% and 77.15% have been imposed on Portland cement originating
or imported from Pakistan up to and including 13 November 2015.

This follows an investigation initiated by the International Trade
Administration Commission of South Africa (ITAC) after local cement
producers representing the Southern Africa Customs Union (SACU) industry
submitted an anti-dumping application.    ITAC will issue a preliminary
report  and   invite comments from    all interested parties in the
investigation, whereafter it will finalise its investigation and submit
its recommendation to the Minister of Trade and Industry to impose
permanent duties.

   -   There was more than a million tons of dumped cement imports from
       Pakistan in 2014. This has been at the expense of SACU producers'
       sales volumes.

   -   Cement is being dumped in SACU at between 14.29% and 77.15% less
       than the ex-factory selling price in Pakistan. Pakistan cement
       manufactures also enjoy structured tax benefits in their country.

   -   The dumping of Pakistani cement has caused significant injury to the
       cement manufacturing industry in SACU, including job losses, under
       utilisation of production capacity and reduced return on assets
       employed.


Johannesburg
15 May 2015

Sponsor
Merrill Lynch South Africa (Pty) Limited

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