Results of General Meeting PPC Ltd Registration Number 1892/000667/06 JSE & ZSE Code: PPC ISIN: ZAE000170049 (“PPC” or the “Company”) RESULTS OF GENERAL MEETING PPC shareholders (“Shareholders”) are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on 1 July 2016 regarding the posting of the circular to Shareholders, including the Notice of a General Meeting of Shareholders (“General Meeting”) in terms of which Shareholders were requested to approve the proposed resolutions for the purposes of implementing a proposed rights offer. Shareholders are advised that all the resolutions set out in the Notice of a General Meeting were passed by the requisite majority of shareholders present and represented at the General Meeting held today, 1 August 2016. Details of the results of the voting are as follows: Resolution Resolution Number of Percentage For# Against# Abstained* shares voted of shares in Number issue# % % % % 1 Special resolution 1: 446 328 169 71 99.56 0.44 0.04 Increase of authorised shares of the Company 2 Special resolution 2: 446 168 408 71 99.54 0.46 0.06 Amendment of the MOI 3 Special resolution 3: 446 327 868 71 99.49 0.51 0.04 Authorisation for the ability to issue 30% or more of the Company’s Ordinary Shares for the purposes of implementing the Proposed Rights Offer 4 Ordinary resolution 1: 446 204 737 71 99.29 0.71 0.06 Placing control of the authorised but unissued shares under the control of the Directors for the purposes of implementing the Proposed Rights Offer 5 Ordinary resolution 2: 445 975 090 71 99.49 0.51 0.1 Waiver of the mandatory offer provisions of the Companies Act *Based on 624 746 762 total issued ordinary shares at the date of the General Meeting. #Based on 624 746 762 total issued ordinary shares and in relation to the total number of shares voted at the General Meeting. “This is a pleasing result for PPC; it places us firmly on a path to resolving our immediate liquidity challenges, enabling us to pursue our corporate strategy ” commented Darryll Castle, CEO of PPC. “PPC is fundamentally strong and profitable with a solid operating base. I am confident that we have the appropriate plans in place to navigate the current economic landscape by driving cost efficiencies and leveraging our capabilities to achieve operational excellence. We are on track to complete our sizeable projects in the DRC, Ethiopia and Zimbabwe which, in the medium-term, will start to contribute to PPC’s revenue stream ” explains Castle. Johannesburg 1 August 2016 Sole Global Co-ordinator, Joint Bookrunner and Joint Transaction Sponsor The Standard Bank of South Africa Limited Joint Bookrunner and Joint Transaction Sponsor Nedbank Limited Joint Bookrunners ABSA Bank Limited Rand Merchant Bank Limited Legal Advisor to PPC as to South African Law Bowman Gilfillan Inc. Legal Advisor to PPC as to US and English Law Freshfields Bruckhaus Deringer LLP Legal Advisor to the Joint Bookrunners as to South African Law Webber Wentzel Legal Advisor to the Joint Bookrunners as to US and English Law Linklaters Financial Advisor and Company Sponsor Merrill Lynch 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: 01/08/2016 03:14:00 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.