PPC LIMITED - Results of AGM

Results of AGM

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

 Results of Annual General Meeting (AGM) and changes to the Board of PPC

 PPC is pleased to advise its shareholders that all the ordinary and special
 resolutions, except special resolution number 2.16, proposed in the Notice of the
 AGM (“Notice”) dated 19 December 2014 and tabled at the Company’s AGM held on
 Monday, 26 January 2015 were passed by the requisite majority of votes cast by
 shareholders.

 Shareholders are also referred to the same Notice with respect to ordinary
 resolutions number 2 to 13 regarding the election of new directors. As outlined in
 the Notice, the result of the voting of the new directors has been determined in
 accordance with the number of votes cast in favour of each resolution so that the
 vacancies will be filled by the six candidates receiving the highest number of
 favourable votes.    We therefore only record the votes for the six successful
 candidates below.

 Furthermore, as stated in the SENS announcements dated 22 December 2014 and 21
 January 2015, Dr CE Manning and Mr I Dutiro withdrew their consent to be nominated
 to the Board of PPC. Accordingly, ordinary resolutions number 3 and 7 have been
 withdrawn.

 The voting details with respect to the proposed resolutions were as follows:


 Resolutions proposed                        Number of     Percentage        For     Against    Abstained
                                          shares voted   shares voted        %ge         %ge          %ge
 Ordinary Resolution 1: Procedure for     446 841 918      73.81185%    99.45750%   0.54250%    0.65381%
 Election


 Ordinary Resolution 4: Appointment of    434 529 359      71.77799%    72.11186%   27.88814%   2.68767%
 a director – Ms N Goldin


 Ordinary Resolution 6: Appointment of    439 086 675      72.53080%    82.67273%   17.32727%   1.93487%
 a director – Mr TJ Leaf-Wright


 Ordinary Resolution 8: Appointment of    443 071 065      73.18896%    83.85210%   16.14790%   1.27671%
 a director – Mr T Mboweni


 Ordinary Resolution 10: Appointment of   441 622 728      72.94972%    78.58334%   21.41666%   1.51595%
 a director – Mr C Naude


 Ordinary Resolution 11: Appointment of   443 937 248      73.33204%    93.77209%   6.22791%    1.13362%
 a director – Mr PG Nelson


 Ordinary Resolution 13: Appointment of   434 423 151      71.76045%    68.05588%   31.94412%   2.70522%
 a director – Dr D Ufitikizeri


 Ordinary Resolution 14: Confirmation     444 393 686      73.40744%    98.69356%   1.30644%    1.05823%
 of appointment of a director – Mr D
 Castle
 Ordinary Resolution 15: Appointment of   442 412 780      73.08022%    80.26346%   19.73654%   1.38544%
 a director – Ms ZJ Kganyago
Ordinary Resolution 16: Appointment of   448 133 253   74.02516%   94.37566%   5.62434%    0.44050%
external auditors, Deloitte & Touche


Ordinary Resolution 17: authority to     447 907 932   73.98794%   65.55528%   34.44472%   0.47772%
fix remuneration of external auditors


Ordinary Resolution 18: Appointment of   444 420 939   73.41194%   97.61800%   2.38200%    1.05373%
audit committee member – Ms B Modise


Ordinary Resolution 19: Appointment of   444 420 939   73.41194%   97.84797%   2.15203%    1.05373%
audit committee member – Mr T Moyo


Ordinary Resolution 20: Appointment of   441 849 186   72.98712%   97.45592%   2.54408%    1.47854%
audit committee member – Mr TDA Ross


Ordinary Resolution 21: Confirmation     420 982 116   69.54018%   51.06525%   48.93475%   4.92548%
of remuneration policy


Special Resolution 1 – S45 Financial     446 418 518   73.74191%   85.99159%   14.00841%   0.72375%
assistance


Special Resolution 2.1: Directors’       443 277 166   73.22300%   98.07018%   1.92982%    1.24266%
fees - Chairperson


Special Resolution 2.2: Directors’       445 713 556   73.62546%   98.90779%   1.09221%    0.84020%
fees – Non-executive Board member


Special Resolution 2.3: Directors’       445 715 756   73.62582%   98.69441%   1.30559%    0.83984%
fees – Audit committee chairperson


Special Resolution 2.4: Directors’       445 713 556   73.62546%   99.06914%   0.93086%    0.84020%
fees – audit committee member


Special Resolution 2.5: Directors’       445 715 756   73.62582%   98.69340%   1.30660%    0.83984%
fees – Remuneration committee
chairperson
Special Resolution 2.6: Directors’       445 713 556   73.62546%   99.06867%   0.93133%    0.84020%
fees - Remuneration committee member


Special Resolution 2.7: Directors’       445 715 755   73.62582%   99.00611%   0.99389%    0.83984%
fees – Risk and compliance committee
chairperson
Special Resolution 2.8: Directors’       445 713 556   73.62546%   99.03041%   0.96959%    0.84020%
fees – Risk and compliance committee
member
Special Resolution 2.9: Directors’       445 715 755   73.62582%   99.00611%   0.99389%    0.83984%
fees – Social and ethics committee
chairperson
Special Resolution 2.10: Directors’      445 713 556   73.62546%   99.03041%   0.96959%    0.84020%
fees – Social and ethics committee
member
Special Resolution 2.11: Directors’      445 715 755   73.62582%   99.00611%   0.99389%    0.83984%
fees –Nomination committee chairperson


Special Resolution 2.12: Directors’      445 713 556   73.62582%   99.03041%   0.96959%    0.84020%
fees - Nomination committee member


Special Resolution 2.13: Directors’      445 716 865   73.62601%   98.72594%   1.27406%    0.83966%
fees – Special meetings chairperson
Special Resolution 2.14: Directors’      445 713 556   73.62546%   98.30694%   1.69306%    0.84020%
fees – Special meetings member


Special Resolution 2.15: Directors’      442 962 491   73.17102%   98.82322%   1.17678%    1.29464%
fees – Lead independent non-executive
director
Special Resolution 2.16: Directors’      445 622 861   73.61048%   62.94290%   37.05710%   0.85519%
fees – All other work by director


Special Resolution 3 – General           447 390 963   73.90254%   98.63782%   1.36218%    0.56312%
authority to repurchase company shares


Shareholders are further advised that, as outlined in the Notice, Mr J Shibambo and
Ms NB Langa-Royds have not offered themselves for re-election as such have resigned
as non-executive directors from the Board of PPC, following conclusion of the AGM.
The Board of PPC would like to thank the respective directors for the valued
contribution over the years and wish them well in their future endeavours.

Furthermore, Ms Tryphosa Ramano has also resigned as the executive director of PPC
in order to allow for the reconstitution of the Board. Ms Ramano remains the Chief
Operating Officer of PPC.

By order of the Board

Jaco Snyman
Company Secretary

27 January 2015

Sponsor:
Merrill Lynch South Africa (Pty) Limited

Date: 27/01/2015 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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