PPC - PPC Capacity Expansion

PPC - PPC Capacity Expansion                                                    
PRETORIA PORTLAND CEMENT COMPANY LIMITED                                        
(Registration number 1892/000667/06)                                            
JSE code:  PPC                                                                  
ISIN :     ZAE000005559                                                         
("PPC" or "the company")                                                        
PPC CAPACITY EXPANSION                                                          
In the light of recent and future anticipated cement demand growth, and the     
planned future retirement of older PPC production lines, the PPC Board has      
resolved to commence with the planning for and broad approval in principle of, a
1 million tonne per annum cement capacity expansion project for the inland      
region of South Africa.                                                         
The board has accordingly approved capital expenditure of R6m to be incurred in 
the first phase of planning the expansion during the forthcoming financial year 
to 30 September 2005.  This will include the scoping of the project and the     
updating of equipment prices to ascertain the total project cost. The project   
will most likely be a "brownfields" project (an expansion of an existing        
facility) and the estimated present day value is approximately R750m.  This     
excludes inflation, project management and commissioning costs and finance      
during construction.                                                            
The project and its cash flow will most likely span the 2006, 2007 and 2008     
financial years.  A further announcement will be issued when the project is     
finally approved and before any major commitments are made.                     
Sandton                                                                         
24 August 2004                                                                  
Sponsor                                                                         
Cazenove                                                                        
Date: 24/08/2004 02:15:02 PM Supplied by www.sharenet.co.za                     
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