Trading Statement 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") TRADING STATEMENT In terms of the Listing Requirements of the JSE Limited, companies are required to publish a Trading Statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by more than 20% from those of the previous corresponding period. The board of directors of PPC advises that its earnings per share and headline earnings per share for the six months ended 31 March 2013 are expected to be between 22% and 20% less compared with the respective amounts reported for the comparable period ended 31 March 2012. Shareholders are reminded that the main contributors to this decrease is the IFRS 2 charge which is a consequence of the second BBBEE transaction as well as that relating to the indigenisation transaction undertaken at PPC’s Zimbabwean operations. These charges were anticipated and outlined in the BBEEE circular to shareholders on 20 August 2012 as well as the SENS announcement released on 19 November 2012. Earnings per share and headline earnings per share excluding the IFRS 2 charge relating to the BBBEE transaction and indigenisation transaction do not differ by more than 20% from those of the previous corresponding period. The information contained in this trading statement has not been reviewed or reported on by the company’s external auditors. PPC will release its interim results for the period ended 31 March 2013 on 16 May 2013. 29 April 2013 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 29/04/2013 05:00:00 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.