Resignation of Darryll Castle, Chief Executive Officer and Director of PPC PPC Ltd (Incorporated in the Republic of South Africa) (Company registration number: 1892/000667/06) JSE Code: PPC ISIN: ZAE000170049 ("PPC" or the "Company") RESIGNATION OF DARRYLL CASTLE, CHIEF EXECUTIVE OFFICER AND DIRECTOR OF PPC In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, PPC wishes to announce that the Company and the CEO have agreed to part ways. Mr Castle has accordingly decided to resign his PPC group directorships but will be available to the PPC Group to ensure a smooth handover for a period of six months. He will be pursuing other interests. Mr Castle joined the Board at a difficult time and was instrumental in stabilising the Company and overseeing the commissioning of several new projects for which the Board is most grateful. On behalf of the Board, the Chairman Mr Peter Nelson said that the Nominations Committee of the board will commence the process to appoint a permanent CEO immediately. With immediate effect and in the transitional period Mr Johan Claassen, the Managing Director of the South African cement business, has been appointed as interim CEO of PPC Limited and as an Executive Director to the PPC Ltd Board, until such time as a permanent CEO and Executive Director is appointed. He holds a BEng (University of Stellenbosch) and EDP (Wits Business School) and has served as a member of the group executive team since January 2013. Mr Claassen has more than 28 years’ experience in all facets of the cement industry and has been with PPC for that period. Sandton 24 July 2017 PPC: Anashrin Pillay Tel: +27 (0) 11 386 9000 Anashrin.Pillay@ppc.co.za Financial Communications Advisor: Instinctif Partners Louise Fortuin Mobile: +27 (0) 71 605 4294 Louise.Fortuin@instinctif.com Sponsor to PPC Merrill Lynch South Africa (Pty) Ltd Date: 24/07/2017 08:05:00 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.