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PPC - Pretoria Portland Cement Company Limited - PPC acquires Quarries of Botswana for US$6.8 million Pretoria Portland Cement Company Limited (Incorporated in the Republic of South Africa) (Company registration number: 1892/000667/06) JSE Code: PPC ISIN: ZAE000125886 ("PPC") PRESS RELEASE PPC acquires Quarries of Botswana for US$6.8 million As part of its southern Africa expansion strategy, Pretoria Portland Cement (PPC) has acquired three aggregate quarries from Quarries of Botswana. The 50 million Pula (US$6.8 million) acquisition is part of the cement giant`s expanding footprint and will make PPC`s Aggregates division the largest aggregate producer in Botswana. New quarries in Gaborone, Francistown and Selebi-Phikwe, will expand PPC`s existing portfolio in Botswana to meet the local market demand for aggregates, which is a complimentary product to cement. "Various alternatives were considered to increase PPC`s aggregates presence in Botswana. Both Gaborone and Francistown are forecast to be major growth nodes in Botswana and this was an obvious choice to develop our aggregates business further. Acquiring the assets of an existing business made more sense than embarking on a green fields expansion" says PPC`s executive for the Aggregates division, Riaan Redelinghuys. The investment will see PPC`s Aggregates division increase its total capacity from 3 million to about 4 million tons per annum and gain approximately 100 employees. PPC CEO, Paul Stuiver said "We recently communicated to our investors that we are pursuing expansion opportunities in other parts of Africa, however this acquisition shows we are still considering any good opportunities to expand our local business." PPC will release its annual results for the twelve months ending 30 September 2011 on 8 November 2011. The company is currently in a closed period. Editors notes: PPC Aggregates division supplies construction aggregates to the civil construction sector and mineral products to the chemical, metallurgical and agricultural industries. Prior to this acquisition the division already owned two large quarries in Gauteng, South Africa and one in Gaborone, Botswana. The Kgale quarry in Gaborone supplies an extensive range of granite products to the civil construction industry including large construction firms, Readymix concrete producers, concrete product manufacturers and road construction projects. PPC is a proud sponsor of BuildMind, the social networking site for the construction industry. For more information, go to www.buildmind.net or visit www.ppc.co.za or www.ppc.co.za/mobi. ENDS Issued by: Ogilvy Public Relations Alex Anderson Account Director 073-476-0841 alex.anderson@ogilvypr.co.za On behalf of: PPC Contact: Nomzamo Khanyile Public Relations Officer 082-870-4235 nomzamo.khanyile@ppc.co.za
04 October 2011 Sponsor: Merrill Lynch SA (Pty) Limited Date: 04/10/2011 08:00:01 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.
