Non-Binding Expression of Interest from Lafarfeholcim and a Further Cautionary PPC Ltd (Incorporated in South Africa) (Company registration number: 1892/000667/06) ISIN: ZAE000170049 JSE and ZSE Code: PPC (“PPC” or the “Company”) NON-BINDING EXPRESSION OF INTEREST FROM LAFARFEHOLCIM AND FURTHER CAUTIONARY ANNOUNCEMENT Shareholders of PPC (“Shareholders”) are referred to announcements published on the Stock Exchange News Service (“SENS”) by PPC on 4 September 2017 and 3 October 2017 that PPC had received credible indicative proposals from trade bidders in relation to a potential pan-African combination with PPC. Further to those announcements, PPC shareholders are advised that PPC has received a non-binding expression of interest (“EOI”) from LafargeHolcim, which contemplates a combination of certain African assets, a partial cash offer and a special dividend. LafargeHolcim intends to submit a Firm Intention Offer during the week commencing 20 November 2017, following the completion of a due diligence process. PPC shareholders should note that the process in respect of the Fairfax Africa Investments Proprietary Limited (“Fairfax”) partial offer, announced by PPC on SENS on 4 September 2017, is still proceeding in accordance with the Independent Board process described in the announcement published on SENS by PPC on 3 October 2017, concurrently with the consideration by the Independent Board of the EOI and the consequential engagement by the Independent Board with LafargeHolcim. PPC’s shareholders should note that this EOI may or may not lead to a Firm Intention Offer and accordingly PPC shareholders are advised to continue to exercise caution when dealing in securities of PPC until a further announcement is made. Sandton 27 October 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: 27/10/2017 08:30:00 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.