PPC LIMITED - Notification of Third Party Indicative Proposal to Acquire PPC, and Renewal of PPC Cautionary Announcement

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.