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 Date: 22/08/2018 03:00:00 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.