Revised 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”) REVISED RESULTS OF GENERAL MEETING PPC shareholders (“Shareholders”) are referred to the announcement released on the Stock Exchange News Service of the JSE Limited (“SENS”)on 6 December 2016 regarding a General Meeting of Shareholders (“General Meeting”) in terms of which Shareholders were requested to approve resolutions relating to the 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”). Arising from enquiries from certain shareholders and following extensive engagement with its transfer secretaries, Computershare Investor Services Proprietary Limited (“Computershare”), the board of directors of PPC has become aware that some of the proxies submitted in respect of the General Meeting were inadvertently not taken into account by the Computershare scrutineers when determining the outcome of the shareholder vote on the various resolutions at the General Meeting. Computershare has communicated its sincere apologies to the board of directors of PPC for this unfortunate but inadvertent error. In light of the above, shareholders were erroneously 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. This SENS announcement serves to rectify this error. Details of the revised results of the voting which have been independently confirmed by Computershare are as follows: Resolution Resolution Number of Percentage For# Against# Abstained* Number shares voted of shares in issue* % % % % 1 Ordinary resolution 1,092,736,118 67.25578 99.69198 0.30802 0.02103 Issue of CSG Maturity Date Subscription Shares to the CSG Funding SPV 2 Ordinary resolution 1,092,735,818 67.25576 99.69198 0.30802 0.02105 Issue of SBP Maturity Date Subscription Shares to the SBP Funding SPV 3 Ordinary resolution 1,084,222,483 66.73178 99.85636 0.14364 0.54503 Approval of the Proposed Amendments to the 2008 B-BBEE Transaction Agreements 4 Ordinary resolution 1,092,745,019 67.25633 67.12697 32.87303 0.02049 Issue of CSG Additional Shares to the CSG Funding SPV 5 Ordinary resolution 1,091,050,611 67.15204 67.23119 32.76881 0.12477 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. The revised results which reflect ordinary resolutions 4 and 5 as having failed to be approved, do not impact on the validity of ordinary resolutions 1, 2 and 3 which remain duly approved as stated in the original SENS announcement published on 6 December 2016, and will be implemented in accordance with their terms as set out in the Circular. Johannesburg 8 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: 08/12/2016 09:07:00 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.