Allocation of forfeitable shares and dealings in securities PPC Ltd Incorporated in the Republic of South Africa Registration number 1892/000667/06 JSE share code: PPC ZSE share code: PPC JSE ISIN: ZAE000170049 (“PPC” or the “Company”) ALLOCATION OF FORFEITABLE SHARES AND DEALINGS IN SECURITIES In compliance with the requirements of paragraphs 3.63 of the JSE Limited Listings Requirements, the following grants and acceptances of forfeitable shares in terms of the company´s Forfeitable Share Plan (FSP) should be noted, as well as dealings in securities: Executive director: JT Claassen Designation: Chief Executive Officer Number of FSP shares awarded: 693 200, of which 577 700 are subject to performance conditions Price at which shares were awarded: R7.2556 Value: R5 029 582 Date award approved: Approved by the Company’s Remuneration Committee on 15 May 2017 and award deferred until the Company is no longer in a closed period or trading under a cautionary Effective date of award: 29 March 2018 Acceptance of award: 29 March 2018 Vesting: 15 May 2020 (3 years after award approved) Nature and type of transaction: Direct beneficial off-market Clearance obtained: Yes Nature of transaction: Sale of vested 2014 & 2015 FSP scheme shares to pay tax now due on vesting Date of transaction: 26 March 2018 Number of shares sold: 26 624 Price per share: R7.2769 Value of shares: R193 740 Nature and type of transaction: Direct beneficial on-market Clearance obtained: Yes Executive director: MMT Ramano Designation: Chief Financial Officer Nature of transaction: Sale of vested 2014 & 2015 FSP scheme shares to pay tax now due on vesting Date of transaction: 26 March 2018 Number of shares sold: 26 459 Price per share: R7.2769 Value of shares: R192 539 Nature and type of transaction: Direct beneficial on-market Clearance obtained: Yes Company Secretary: JHDLR Snyman Number of FSP shares awarded: 102 400 of which 53 900 are subject to performance conditions Price at which shares were awarded: R7.2556 Value: R742 973 Date award approved: Approved by the Company’s Remuneration Committee on 15 May 2017 and award deferred until the Company is no longer in a closed period or trading under a cautionary Effective date of award: 29 March 2018 Acceptance of award: 29 March 2018 Vesting: 15 May 2020 (3 years after award approved) Nature and type of transaction: Direct beneficial off-market Clearance obtained: Yes Sandton 4 April 2018 Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 04/04/2018 07:15:00 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.