PPC LIMITED - Resignation of Ketso Gordhan, Chief Executive Officer and Director of PPC

Resignation of Ketso Gordhan, Chief Executive Officer and Director of PPC

PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE000170049
("PPC" or the "Company")

RESIGNATION OF KETSO GORDHAN, CHIEF EXECUTIVE OFFICER AND DIRECTOR OF PPC

In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited,
PPC wishes to announce that Mr Ketan Manecklal Gordhan (“Ketso”) has resigned as
Chief Executive Officer (“CEO”) and as an Executive Director of the Board of PPC
with immediate effect.

Ketso regrettably resigned due to differences of opinion with the Board, regarding
Board procedures for the approval of certain decisions.

Mr Bheki Sibiya, the Non-executive Chairman of PPC, will become Executive Chairman
with immediate effect, until such time as a new CEO is appointed. Mr Tim Ross, an
independent Non-executive Director and Chairman of the Audit Committee, has agreed
to assume the role of Lead Independent Director of the Board. The process to
recruit and appoint a CEO has commenced.

Bheki Sibiya said: “Ketso has been instrumental in the execution of the African
expansion strategy of PPC which has now gained significant traction. He also should
be commended for his excellent work on closing the remuneration gap within the
organisation as well as implementing an innovative employee housing support
initiative.

“He has agreed to continue providing input to crucial projects that he was leading.

“The growth momentum of the company remains on track; we have signed EPC contracts
for four projects, Rwanda, DRC, Ethiopia and Zimbabwe, and construction is
underway.

“PPC has a capable and experienced management team led by Mr Pepe Meijer, Managing
Director - International, who has over twenty five years’ experience with the
company. He will continue to implement the expansion of the business into the rest
of Africa. The South African business remains in good hands under the leadership of
Mr Richard Tomes and Mr Johan Claassen as Joint Managing Directors, who
collectively have over 40 years of experience at PPC.”

Ketso Gordhan said: ”I have really enjoyed my time at PPC and am proud to have
implemented a number of new initiatives and seen the company on an exciting growth
path. I am leaving with a heavy heart.”

The Board of PPC thanks Mr Gordhan for his contribution and wishes him well in his
future endeavours.

Sandton
22 September 2014

Sponsor
Merrill Lynch South Africa (Pty) Ltd

PPC:
Azola Lowan
Tel: +27 (0) 11 386 9000
Azola.Lowan@ppc.co.za
Financial Communications Advisor:
Instinctif Partners
Morne Reinders
Mobile : +27 (82) 480 4541
Morne.reinders@instinctif.com

Louise Fortuin
Mobile: +27 (71) 605 4294
Louise.fortuin@instinctif.com

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