PPC LIMITED - PPC Issues a ZA650 Million Domestic Bond

PPC Issues a ZA650 Million Domestic Bond

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")

MEDIA RELEASE
20 March 2013

                       PPC Issues a ZAR650 Million Domestic Bond


PPC Ltd has successfully issued its debut bond of ZAR650 million under its Domestic
Medium Term Note (“DMTN”) programme.

The three year senior unsecured floating rate bond was issued on 20 March 2013 at a
coupon of 3 month JIBAR plus 1.26% per annum. The bond issue was 4.6x oversubscribed.

“This is a milestone in PPC’s 121 year history; and will give further impetus to our strategy of
‘keeping the home fires burning’ and expanding into the rest of Africa”, said Ketso Gordhan,
CEO of PPC.

“This is an excellent result for our debut issuance and speaks to PPC’s strategy of
diversifying funding sources in a cost effective manner”, said Tryphosa Ramano, CFO of
PPC.

The Programme Memorandum for the ZAR6 billion DMTN programme is available on the
Company’s website www.ppc.co.za

PPC is the leading supplier of cement in southern Africa with eight cement manufacturing
facilities and three milling depots in South Africa, Botswana and Zimbabwe with total
capacity of eight million tons cement annually. PPC also produces aggregates, metallurgical-
grade lime, burnt dolomite and limestone. In addition to serving its domestic markets,
cement and lime are also exported to other African countries. In line with PPC’s Rest of
Africa Strategy, PPC has recently acquired a 51% stake in Cimerwa Limited of Rwanda as
well as a 27% stake in Habesha Cement of Ethiopia.


Follow PPC on Twitter @PPCisCement and like us on www.facebook.com/PPC.Cement.

Ends

Issued by:            College Hill
                      Louise van der Merwe
                      Mobile: +27 (71) 605 4294
                      Louise.vanderMerwe@collegehill.co.za

On behalf of:         PPC Ltd
Contact:              Azola Lowan
                      Direct: +27 (0) 11 386 9339
                      Azola.Lowan@ppc.co.za

Sponsor:
Merrill Lynch South Africa (Pty) Limited

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

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