Appointment of Executive Director and Chief Executive Officer 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") APPOINTMENT OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER PPC is pleased to announce the appointment of Mr Darryll Castle as executive director and Chief Executive Officer to the Board of PPC. His appointment is effective 12 January 2015. Darryll holds B.Sc (Civil) and B Com degrees, a Masters of Business Administration (MBA) and the Chartered Financial Analyst (CFA) qualification. Through his extensive career he has accumulated a broad range of experience and skills spanning the fields of corporate management, fund management, financial analysis, mining and engineering. He has extensive experience in the mining industry having served as Chief Executive Officer of Trafigura Mining Group and Anvil Mining Limited; a company listed on the main board of the Toronto Stock Exchange and on the Australian Stock Exchange. He has recently occupied the position of Chief Operations Officer at Metorex Group Limited. Darryll has first-hand operations and projects experience on the African continent, having worked in the DRC, Zambia, Angola and Tanzania. He has extensive international experience having run mining companies operating in all continents. On behalf of the Board, Bheki Sibiya, Executive Chairman of PPC said, "Darryll’s extensive experience and knowledge as well as deep relationships on the continent and in other emerging markets will add further impetus to PPC’s growth strategy. “We welcome him to the Board in an executive capacity and look forward to working with him in delivering on the Company’s mandate from shareholders.” Sandton 17 December 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 Date: 17/12/2014 02:55:00 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.