Allocation of Forfeitable Shares and Share Appreciation Rights PPC Ltd Incorporated in the Republic of South Africa Registration number 1892/000667/06 JSE share code: PPC ZSE share code: PPC JSE ISIN: ZAE000170049 (“PPC” or the “Company”) ALLOCATION OF FORFEITABLE SHARES AND SHARE APPRECIATION RIGHTS In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following directors and company secretary of the Company have been awarded and accepted forfeitable shares in terms of the company’s Forfeitable Share Plan (FSP) and the reported share appreciation rights (“SARs”): Name of executive director: Darryll John Castle Designation: Chief Executive Officer Number of FSP shares awarded: 330 300 FSP shares of which 206 400 are subject to performance conditions Price at which shares were awarded: R8.72 Value: R2 880 216 Date of award: 30 August 2016 Acceptance of award: 1 September 2016 Vesting: 30 August 2019 Number of SARs awarded: 775 800 SARs Grant price: R8.80 Lapse of SARs: 30 August 2022 Nature of transaction: Direct beneficial Clearance obtained: Yes Name of executive director: Mmakeaya Magoro Tryphosa Ramano Designation: Chief Financial Officer Number of shares awarded: 201 800 FSP shares of which 126 100 are subject to performance conditions Price at which shares were awarded: R8.72 Value: R1 759 696 Date of award: 30 August 2016 Acceptance of award: 1 September 2016 Vesting: 30 August 2019 Number of SARs awarded: 474 000 SARs Grant price: R8.80 Lapse of SARs: 30 August 2022 Nature of transaction: Direct beneficial Clearance obtained: Yes Name of Company Secretary: Jacobus Hendrik De La Rey Snyman Designation: Company Secretary Number of shares awarded: 119 200 FSP shares of which 74 500 are subject to performance conditions Price at which shares were awarded: R8.72 Value: R1 039 424 Date of award: 30 August 2016 Acceptance of award: 1 September 2016 Vesting: 30 August 2019 Nature of transaction: Direct beneficial Clearance obtained: Yes All the aforementioned trades were done off-market. Sandton 1 September 2016 Sponsor: Merrill Lynch South Africa (Pty) Limited 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: 01/09/2016 03:50:00 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.