PPC LIMITED - PPC assigned zaA+ long-term credit rating and announces establishment of domestic medium term note programme

PPC assigned zaA+ long-term credit rating and announces establishment of domestic medium term note programme

PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE 000170049
("PPC" or the "Company")

PPC assigned zaA+ long-term credit rating and announces establishment of
domestic medium term note programme

PPC announces that it has been assigned South African national scale long-
term and short-term credit ratings of zaA+ and zaA-2, respectively by
Standard & Poor’s (“S&P”).      Furthermore, PPC is in the process of
establishing a domestic medium term note (“DMTN”) programme which will be
utilised towards the Company’s funding requirements.

S&P assessed PPC as having a ‘fair’ business risk profile and an
‘intermediate’ financial risk profile. The National Short-term rating of
zaA-2 reflects S&P’s assessment of PPC’s liquidity as ‘adequate’.

The finalised programme memorandum for the DMTN programme is expected to
be available on PPC’s website at the end of March 2013.


18 February 2013

Sponsor:
Merrill Lynch South Africa (Pty) Limited

Debt Sponsor:
Absa Bank Limited (acting through its Corporate and Investment
Banking division)

PPC:
Azola Lowan
Tel: +27 (0) 11 386 9024
Azola.Lowan@ppc.co.za

Financial Communications Advisor:
College Hill
Jacques de Bie
Mobile: +27 (82) 691 5384
Jacques.deBie@collegehill.co.za

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