Dealings in terms of the Rights Offer by Directors and Company Secretary PPC Ltd Incorporated in the Republic of South Africa Registration number 1892/000667/06 JSE share code: PPCN JSE ISIN: ZAE000222527 JSE share code: PPC ZSE share code: PPC JSE ISIN: ZAE000170049 (“PPC” or the “Company”) DEALINGS IN TERMS OF THE RIGHTS OFFER BY DIRECTORS AND COMPANY SECRETARY Shareholders are referred to the PPC rights offer finalisation announcement released on the Stock Exchange News Service on 24 August 2016 (Rights Offer). In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised of the following dealings by directors and company secretary of the Company, in terms of the Rights Offer. Name of executive director: Darryll John Castle Designation: Chief Executive Officer Nature of transaction: Direct beneficial Date of transaction: 31 August 2016 Nature of transaction: Rights allocated pursuant to the Forfeitable Share Plan Type of transaction: Off-market Number of rights allocated: 729,015 rights Date of transaction: 12 September 2016 Nature of transaction: Off-market purchase of shares in terms of the Rights Offer Shares purchased: 625,000 Price: R4.00 Value: R2,500,000 Date of transaction: 12 September 2016 Nature of transaction: Rights sold in order to raise funds to follow rights in terms of the Rights Offer Type of transaction: On-market Number of rights sold: 104,015 rights Price: R2.3844 Value: R248,013 Name of executive director: Mmakeaya Magoro Tryphosa Ramano Designation: Chief Financial Officer Nature of transaction: Direct beneficial Date of transaction: 31 August 2016 Nature of transaction: Rights allocated pursuant to the Forfeitable Share Plan Type of transaction: Off-market Number of rights allocated: 620,091 rights Nature of transaction: Rights allocated pursuant to Rights Offer – personal holdings Number of rights allocated: 8,712 rights Date of transaction: 9 September 2016 Nature of transaction: Off-market purchase of shares in terms of the Rights Offer Shares purchased: 415,884 Price: R4.00 Value: R1,663,536 Date of transaction: 9 September 2016 Nature of transaction: Rights sold in order to raise funds to follow rights in terms of the Rights Offer Type of transaction: On-market Number of rights sold: 212,919 rights Price: R2.9157 Value: R620,814 Name of Company Secretary: Jacobus Hendrik De La Rey Snyman Designation: Company Secretary Nature of transaction: Direct beneficial Date of transaction: 31 August 2016 Nature of transaction: Rights allocated pursuant to the Forfeitable Share Plan Type of transaction: Off-market Number of rights allocated: 258,825 rights Nature of transaction: Rights allocated pursuant to the Rights Offer Number of rights allocated: 7,664 rights Date of transaction: 9 September 2016 Nature of transaction: Off-market purchase of shares in terms of the Rights Offer Shares purchased: 63,956 Price: R4.00 Value: R255,824 Date of transaction: 9 September 2016 Nature of transaction: Rights sold in order to raise funds to follow rights in terms of the Rights Offer - personal holdings Type of transaction: On-market Number of rights sold: 202,533 rights Price: R2.6161 Value: R529,840 Clearance to deal was obtained in terms of paragraph 3.66 of the JSE Listings Requirements. Sandton 14 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: 14/09/2016 05:40:00 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.