Imposition of Provisional Anti-Dumping Duties on Pakistani Cement 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") IMPOSITION OF PROVISIONAL ANTI-DUMPING DUTIES ON PAKISTANI CEMENT PPC hereby informs shareholders that provisional anti-dumping duties of between 14.29% and 77.15% have been imposed on Portland cement originating or imported from Pakistan up to and including 13 November 2015. This follows an investigation initiated by the International Trade Administration Commission of South Africa (ITAC) after local cement producers representing the Southern Africa Customs Union (SACU) industry submitted an anti-dumping application. ITAC will issue a preliminary report and invite comments from all interested parties in the investigation, whereafter it will finalise its investigation and submit its recommendation to the Minister of Trade and Industry to impose permanent duties. - There was more than a million tons of dumped cement imports from Pakistan in 2014. This has been at the expense of SACU producers' sales volumes. - Cement is being dumped in SACU at between 14.29% and 77.15% less than the ex-factory selling price in Pakistan. Pakistan cement manufactures also enjoy structured tax benefits in their country. - The dumping of Pakistani cement has caused significant injury to the cement manufacturing industry in SACU, including job losses, under utilisation of production capacity and reduced return on assets employed. Johannesburg 15 May 2015 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 15/05/2015 11:15:00 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.