Results of General Meeting PPC Ltd (Incorporated in the Republic of South Africa) Registration Number 1892/000667/06 JSE and ZSE share Code: PPC ISIN: ZAE000170049 (“PPC”) RESULTS OF GENERAL MEETING PPC shareholders (“Shareholders”) are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on 28 October 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 relating to the proposed amendments to a component of PPC’s 2008 Broad-Based Black Economic Empowerment Transaction and, as a separate independent transaction, the additional share allocations (“Proposed Transactions”). 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 by proxy at the General Meeting held on Monday, 5 December 2016. Details of the results of the voting are as follows: Resolution Resolution Number of Percentage For# Against# Abstained* shares of shares Number % % % voted in issue* % 1 Ordinary resolution 800 766 741 49.29 99.58 0.42 0.02 Issue of CSG Maturity Date Subscription Shares to the CSG Funding SPV 2 Ordinary resolution 800 766 441 49.29 99.6 0.42 0.02 Issue of SBP Maturity Date Subscription Shares to the SBP Funding SPV 3 Ordinary resolution 792 253 107 48.76 99.8 0.20 0.60 Approval of the Proposed Amendments to the 2008 B-BBEE Transaction Agreements 4 Ordinary resolution 800 775 643 49.29 76.04 23.96 0.02 Issue of CSG Additional Shares to the CSG Funding SPV 5 Ordinary resolution 799 081 235 49.18 76.20 23.80 0.13 Issue of SBP Additional Shares to the SBP Funding SPV *Based on 1 624 746 762 PPC ordinary shares in issue at the date of the General Meeting. #Based on the total number of shares voted at the General Meeting. Johannesburg 6 December 2016 Investment Bank and Transaction Sponsor The Standard Bank of South Africa Limited Legal advisors Bowmans Tax advisors Cliffe Dekker Hofmeyr Independent reporting accountants Deloitte & Touche Company Sponsor Merrill Lynch South Africa (Pty) Limited Date: 06/12/2016 09:05:00 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.