PPC LIMITED - Clarification in Respect of the Independence of Non-Executive Directors

Release Date: 22/08/2018 15:00
 
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Clarification in Respect of the Independence of Non-Executive Directors

PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
ISIN: ZAE000170049
JSE & ZSE Share Code: PPC
JSE code: PPC002   JSE ISIN: ZAG000111212
JSE code: PPC003   JSE ISIN: ZAG000117524
JSE code: PPC005   JSE ISIN: ZAG000117532
("PPC" or the "Company")

Clarification in respect of the Independence of Non-Executive Directors

Shareholders are advised that the company is providing clarity with respect to the
independence of non-executive directors in advance of the company’s upcoming AGM on
the 30 August 2018. The following directors are independent non-executive directors
of the company as reflected on pages 92 and 100 of the online 2018 Integrated
Report.

Extract from page 92 and 100 are shown below confirming the independence of members
of the board and the audit committee.

Extract page 92
Membership of the board – as at the year ended 31 March 2018
 Non-executive directors    Status
 A Ball                     Independent
 S Dakile-Hlongwane         Independent
 N Gobodo                   Independent
 N Goldin                   Independent
 T Leaf-Wright              Independent
 N Mkhondo                  Independent
 J Moleketi                 Independent
 T Moyo                     Independent
 C Naude                    Independent
 T Ross*                    Independent
*Resigned 9 April 2018

Extract page 100
Composition of the Audit Committee – as at the year ended 31 March 2018
The committee comprises four independent non-executive directors
 Membership                 Qualification               Tenure (years)
 N Gobodo (Chair)           CA(SA)                      1
 N Goldin                   Bcom (hons), MBA            2
 T Moyo                     CA(Z), CA(SA)               3
 T Ross*                    CA(SA)                      9
 T Sehoole                  CA(SA)                      -
* Resigned 9 April 2018

Furthermore, the company hereby confirms that all non-executive directors shown
below are up for election as directors of the company and some as members of the
audit committee as reflected on page 37 of the AGM notice, are independent non-
executive directors of the company.

Non-executive directors                      Status
A Ball                                       Independent
N Mkhondo                                    Independent
J Moleketi                                   Independent
I Sehoole                                    Independent
Advocate M Gumbi                             Independent
T Moyo                                       Independent
C Naude                                      Independent
N Gobodo                                     Independent

Sandton
22 August 2018

Sponsor:
Merrill Lynch South Africa (Pty) Ltd

PPC:
Anashrin Pillay
Tel: +27 (0) 11 386 9000
Anashrin.Pillay@ppc.co.za

Financial Communications Advisor:
Instinctif Partners
Louise Fortuin
T +27 11 447 3030 | M +27 71 605 4294

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