Update on the Appointment of the PPC Board Chairperson PPC Ltd (Incorporated in the Republic of South Africa) (Company registration number: 1892/000667/06) JSE Code: PPC ISIN: ZAE000170049 ("PPC" or the "Company") UPDATE ON THE APPOINTMENT OF PPC BOARD CHAIRMAN Shareholders are referred to the results of the annual general meeting announcement published on SENS on 26 January 2016, wherein shareholders were advised of the retirement of the Chairman of the PPC Board (“Board”), Mr Bheki Sibiya. The Company continues to embark on a rigorous selection process to find a suitable candidate to succeed Mr Sibiya. It is anticipated that within the next six months an appointment will be made, and shareholders will be advised accordingly. In the interim period, the Board has appointed Mr Peter Nelson as an interim Chairman, until such time as a new Chairman is appointed. The Board believes that Mr Nelson’s qualifications and experience will enable him to appropriately guide the Board and the company until such time as the selection process has been completed. Mr Nelson was appointed to the Board as an independent non-executive director on 25 January 2015. His experience covers manufacturing, mining, telecommunications, healthcare, leisure, property, packaging and the motor industry in listed and private entities in South Africa, the United Kingdom, Zimbabwe and Nigeria. He has served as CFO on several Boards including Telkom, Netcare and Mondi. Sandton 30 March 2016 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 (0) 82 325 1810 Morne.Reinders@instinctif.com Louise Fortuin Mobile: +27 (0) 71 605 4294 Louise.fortuin@instinctif.com Date: 30/03/2016 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.