PPC LIMITED - Retirement of Non-Executive Director and Changes to PPC Board Committees

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



 

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