Retirement of Non-Executive Director and Changes to PPC Board Committees 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”) RETIREMENT OF NON-EXECUTIVE DIRECTOR AND CHANGES TO PPC BOARD COMMITTEES In compliance with paragraph 3.59 of the JSE Listings Requirements, and as communicated in the notice of annual general meeting distributed to shareholders on 30 September 2016, PPC wishes to advise its shareholders that Ms Bridgette Modise, who is retiring by rotation, decided not to make herself available for re-election at the Company’s annual general meeting of shareholders to be held today, Monday, 31 October 2016 at 12:00(AGM). The Board would like to thank Ms Modise for her dedicated service and valuable contribution during one of the most challenging periods in the Company’s history. Ms Modise was appointed to the Board in 2010 and her contribution often extended beyond the ordinary course of business. The Board wishes her well in her future endeavours. As a consequence, the nominations committee and the Board has proposed the election of Ms Nicky Goldin as the third member of the audit committee, with effect from Monday, 31 October 2016. She will be joining Mr Todd Moyo and Mr Tim Ross, subject to shareholder approval at the annual general meeting. Both Messrs Moyo and Ross have been put forward as members of the audit committee, as required in terms of the Act. Ms Goldin was appointed to the Board as an independent non-executive director in January 2015 and currently serves on the Remuneration and Investment sub-committees of the Board. She holds a BCom (Hons) from the University of the Witwatersrand and obtained an MBA from the University of Illinois. Ms Goldin is currently a strategy and investment consultant to a number of different organisations and has international experience in strategy development and execution, business development, corporate finance and investment banking (debt and capital raising) having worked in Africa, Australia and the United States. Her primary focus is on the natural resources and financial services industry sectors. She has held senior positions at Deloitte Consulting, BHP Billiton, Anglo American, Standard Bank and ANZ Bank (Australia). The nominations committee and the Board are satisfied that the proposed candidates meet the requirements of section 94(4) of the Act and the minimum qualification requirements for a member of an audit committee and that they, together, have adequate relevant knowledge and experience to equip the audit committee to perform its functions. Shareholders are further advised that Mr Timothy Leaf-Wright has been appointed as chairman of the risk and compliance committee with immediate effect. Mr Leaf-Wright is a chartered secretary and was appointed to the Board as an independent non-executive director in January 2015. He currently serves as a member of the risk and compliance, social, ethics and transformation, and investment committees. His career with Nampak Limited spanned 41 years prior to early retirement in 2014. In this time his senior positions included group export manager and business development director (rest of Africa). During the last 11 years, he was seconded to Mozambique, Nigeria and Angola to spearhead negotiations and subsequently construction and managing of both brown and greenfields plants in those countries. Sandton 31 October 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: 31/10/2016 11:00:00 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.