Notification of Third Party Indicative Proposal to Acquire PPC, and Renewal of PPC Cautionary Announcement PPC Ltd (Incorporated in South Africa) (Company registration number: 1892/000667/06) JSE and ZSE Code: PPC ISIN: ZAE000170049 (“PPC” or the “Company”) NOTIFICATION OF THIRD PARTY INDICATIVE PROPOSAL TO ACQUIRE PPC, AND RENEWAL OF PPC CAUTIONARY ANNOUNCEMENT Shareholders of PPC (“Shareholders”) are referred to the announcement published on SENS on 4 September 2017 wherein Shareholders were advised of additional indicative proposals from two other trade bidders, each in relation to a potential pan-African combination with PPC. PPC would like to confirm that it has received a non-binding communication of interest from Dangote Cement Plc (“Dangote”) with respect to the acquisition of the entire share capital of PPC (“Indicative Proposal”). The Independent Board of PPC is considering the Indicative Proposal and will make a further announcement in due course once it has concluded its consideration of the Indicative Proposal. The Indicative Proposal, if implemented, may have a material impact on the price of the Company’s shares. Accordingly, shareholders are advised to continue exercising caution when dealing in securities of the Company until such time a further announcement is made. Sandton 14 September 2017 Investor contacts: PPC: Anashrin Pillay Tel: +27 (0) 11 386 9000 Anashrin.Pillay@ppc.co.za Joint Financial Advisor and Sponsor to PPC Merrill Lynch South Africa (Pty) Ltd Joint Financial Advisor to PPC Identity Advisory (Pty) Ltd Independent Advisor to the Board of PPC The Standard Bank of South Africa Limited Legal Advisor to PPC Bowmans Date: 14/09/2017 12:25:00 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.