PPC - Pretoria Portland Cement Company - Results Of The Scheme And

PPC - Pretoria Portland Cement Company - Results Of The Scheme And              
                                       General Meetings                         
Pretoria Portland Cement Company Limited                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1892/000667/06)                                            
JSE share code: PPC                                                             
ZSE share code: PPC                                                             
ISIN: ZAE000096475                                                              
("PPC" or "the Company")                                                        
RESULTS OF THE SCHEME AND GENERAL MEETINGS                                      
Introduction                                                                    
For purposes of this announcement, PPC shareholders are referred to the         
definitions set out in the scheme document dated Thursday, 16 October 2008.     
Further to the announcement published on the Securities Exchange News Service of
the JSE Limited on Thursday, 16 October 2008 and in the press on Friday, 17     
October 2008, PPC announces that:                                               
- The scheme of arrangement in terms of section 311 of the Companies Act, 1973, 
as amended, proposed by the trustees of the Direct Trusts and the Trust Funding 
SPVs between PPC and its shareholders ("the Scheme") has been approved by the   
requisite majority of votes at the scheme meeting held today, Tuesday, 11       
November 2008. Application will be made to the High Court of South Africa       
(Witwatersrand Local Division) ("the Court") on Tuesday, 25 November 2008 at    
10:00 or as soon thereafter as Counsel may be heard for an order sanctioning the
Scheme. The Court is located in the High Court Building, Von Brandis Square,    
corner Pritchard and Von Brandis Streets, Johannesburg.                         
- At the general meeting held on Tuesday, 11 November 2008, PPC shareholders    
passed the special and ordinary resolutions proposed thereat, authorising the   
Company to give effect to the broad-based black ownership initiative in terms of
which 15.29% of PPC`s increased share capital will collectively be acquired by  
the trustees of the Direct Trusts, the Trust Funding SPVs, the CSG Funding SPV  
and the SBP Funding SPV.                                                        
Scheme Meeting Chairman`s report                                                
Copies of the Chairman`s report on the scheme meeting will be available on      
request at the registered office of PPC, 180 Katherine Street, Sandton, and at  
the offices of the Investment Bank and transaction sponsor, being The Standard  
Bank of South Africa Limited at 5th Floor, 3 Simmonds Street, Johannesburg,     
during normal business hours from Wednesday, 12 November 2008.                  
Further announcements                                                           
Further announcements regarding the outcome of the application to the Court for 
the sanctioning of the Scheme, fulfilment of the remaining conditions precedent 
and the implementation of the broad-based black ownership initiative will be    
made to PPC shareholders in due course.                                         
Johannesburg                                                                    
11 November 2008                                                                
Investment Bank, debt adviser and transaction sponsor                           
Standard Bank                                                                   
Independent sponsor                                                             
Merrill Lynch South Africa (Proprietary) Limited                                
Legal adviser                                                                   
Bowman Gilfillan Inc.                                                           
Date: 11/11/2008 14:21:45 Supplied by www.sharenet.co.za                     
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