PPC LIMITED - Acquisition of Safika Cement Holdings

Acquisition of Safika Cement Holdings

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")

ACQUISITION OF SAFIKA CEMENT HOLDINGS

PPC is pleased to advise that the acquisition of Safika Cement Holdings
(Pty) Ltd (“Safika”) that was announced during August 2013 has been
unconditionally approved by the Competition Tribunal.

PPC has acquired a 69.3% stake in Safika for a purchase consideration of
R377 million.

This transaction further enhances PPC’s South African footprint
through Safika’s five blending facilities and one milling operation
that produce blended 32.5N cement under three brands: IDM Best
Build, Castle and the Spar Build-It house brand. Safika currently
produces over 20 million bags of cement per annum.

Ketso Gordhan, CEO of PPC, commented “Our successful conclusion of
another value-adding transaction for shareholders will ensure that
our strategy of ‘Keeping the Home Fires Burning’ gains further
impetus into 2014.”

Sandton
13 December 2013

Sponsor
Merrill Lynch South Africa (Pty) Ltd

PPC:
Azola Lowan
Tel: +27 (0) 11 386 9000
Azola.Lowan@ppc.co.za

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

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