Pretoria Portland Cement Company Limited - Disposal Of Ppc's 32.79% Interest

In Natal Portland Cement Company (Pty) Limited ("NPC") ("The Disposal")
Pretoria Portland Cement Company Limited
("PPC" or "the company")
(Registration No.: 1892/000667/06)
JSE code : PPC
ISIN code: ZAE000005559

DISPOSAL OF PPC's 32.79% INTEREST IN NATAL PORTLAND CEMENT COMPANY (PTY)
LIMITED ("NPC") ("the disposal")

At the company's Annual General Meeting on 25 January 2002, PPC advised that
it was considering offers for its investment in NPC, the cement producer
located in Kwazulu-Natal.  Standard Corporate and Merchant Bank is now
authorised to announce that PPC has accepted an offer by CIMPOR CIMENTOS DE
PORTUGAL SPGS, S.A. to acquire all of PPC's 32,79% stake in NPC with effect
from 30 April 2002 ("the effective date"), for a purchase price of R328.9
million, subject to conditions precedent. The price is subject to adjustment
according to the net debt position of NPC at the close of business on the
effective date.  The disposal is consistent with PPC's strategy to dispose
of its jointly owned interests so as to direct management attention on, and
to employ the company's capital directly in the company's local and
international businesses.

The pro forma financial effects of the disposal on PPC's headline earnings
and net asset value per share as at 30 September 2001, based on the

assumption that the disposal was effected on 1 October 2000, are illustrated
in the table below:

Measure per      Before      After        Percentage
share            disposal    disposal     change
Headline         709.7c (2)  709.9c (1)   0.0%
earnings
Net Asset Value  4200,9c     4435.3c      5.6%
                 (2)
Notes:

Calculated on the basis that the net consideration (after debt and fees)
amounted to R312  million and was received on 1 October 2000 and assuming
that the proceeds were invested at 9% interest rate and subjected to 30% tax
less previously accounted equity earnings, dividend income and STC relief
relating to these.
As per the Annual Report of 30 September 2001.
Parktown
22 March 2002
Merchant Bank:
SCMB
Sponsor:
Cazenove
Attorneys:
Bowman Gilfillan Inc.