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PPC - Pretoria Portland Cement Company Limited - PPC Tops BBBEE Rankings

Release Date: 09/12/2010 11:33
Code(s): PPC
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PPC - Pretoria Portland Cement Company Limited - PPC Tops BBBEE Rankings Pretoria Portland Cement Company Limited (Incorporated in the Republic of South Africa) (Company registration number: 1892/000667/06) JSE Code: PPC ISIN: ZAE000125886 ("PPC" or the "company") PPC TOPS BBBEE RANKINGS Southern Africa`s leading cement producer, Pretoria Portland Cement ("PPC") has achieved the highest ranking broad-based black economic empowerment ("BBBEE") status in the cement industry. Having climbed from a level 3 to a level 2 contributor, PPC customers are now able to claim 156% of their spend with the company towards their own empowerment rating. The second improvement in the company`s rating in one year; this achievement confirms PPC`s ongoing commitment to meaningful transformation in South Africa. "I am proud to announce that our new level 2 rating is a number of years ahead of our original target date," said Paul Stuiver, CEO of PPC. "At PPC, meeting all of the objectives laid out in the Department of Trade and Industries BEE Codes of Good Practice is vital and we will continue to strive toward reaching the highest level." PPC already has a level 1 rating in the specific areas of equity ownership, enterprise development and socio-economic development. In addition to this, PPC has been awarded level 3 gold contributor status for its national corporate social investment program. Awarded by the Department of Social Development in conjunction with the National CSI Registrar, this achievement recognises PPC`s dedication to building a strong and sustainable South Africa. Johannesburg 9 December 2010 Sponsor Merrill Lynch South Africa (Pty) Limited Financial Communications Advisor College Hill Date: 09/12/2010 11:33:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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