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PPC - Pretoria Portland Cement Company Limited - Trading update - PPC AGM 30 January 2012 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") Trading update - PPC AGM 30 JANUARY 2012 During the first quarter ending December 2011, cement sales for the South African cement industry as a whole increased by 7% compared to the comparable period in the prior year. However, cement demand in the Western Cape lagged behind the other provinces and consequently impacted on PPC`s South African cement sales. PPC`s cement sales in Zimbabwe continued to grow whilst cement sales in Botswana declined in line with a general construction industry slowdown in that country. PPC`s cement pricing momentum established during 2011 in South Africa, Botswana and Zimbabwe, continued into 2012. Administered energy prices remain a challenge for the industry. Lime sales improved during the quarter on the back of improved demand from exports and the local steel industry. Aggregate volumes in both South Africa and Botswana showed recovery in a very competitive environment. Phase 1 of our Western Cape modernisation project, the R280 million upgrade of kiln 6 at De Hoek factory is on track for completion during April 2012. The final EIA report for Phase 2, at our Riebeeck factory, has been submitted to authorities. PPC continues to focus on opportunities in sub-Saharan Africa as communicated during November 2011. Although the global economic turmoil continues, we remain cautiously optimistic regarding the outlook for cement demand in South Africa and Zimbabwe. Current trends in cement demand and prices should result in improved results during the first half of our 2012 financial year. Any forecast financial information included in this Trading Update has not been reviewed and reported on by the Company`s auditors in accordance with section 8.40(a) of the Listings requirements of the JSE Limited. BL Sibiya Chairman of the board 30 January 2012 Sponsor: Merrill Lynch SA (Pty) limited Date: 30/01/2012 12:15:01 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.
