PPC LIMITED - Change in external auditor

Change in external auditor

PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number 1892/000667/06)
JSE ISIN: ZAE000170049
JSE code: PPC ZSE code: PPC
(“PPC” or “the Company” or “Group”)

CHANGE IN EXTERNAL AUDITOR

Shareholders of PPC (“Shareholders”) are advised that the board of directors of the Company
(“Board”), on recommendation of PPC’s audit and risk committee, has appointed
PricewaterhouseCoopers Inc. (“PwC”) as the new external auditor of the Group for the financial year
ending 31 March 2023, with the designated audit partner being Nqaba Ndiweni.

The incumbent external auditor, Deloitte & Touche Inc. (“Deloitte”) will continue to act as external
auditor of the Group for the financial year ending 31 March 2022. Deloitte’s appointment will
accordingly terminate upon the conclusion of the audit in respect of the financial year ending 31
March 2022. PwC’s appointment as external auditor will be effective immediately after Deloitte’s
appointment terminates and will be proposed for approval by Shareholders at the annual general
meeting of the Company, scheduled to be held in September 2022.

The change in external auditor follows PPC’s decision to early adopt the mandatory audit firm rotation
rule, issued by the Independent Regulatory Board for Auditors, which will be applicable for financial
years commencing on or after 1 April 2023.

The Board would like to thank Deloitte for their long-standing service to the Group and looks forward
to working with PwC.

Sandton
04 April 2022

Sponsor
Questco Corporate Advisory Proprietary Limited

Financial Communications Advisor:
Instinctif Partners
Louise Fortuin
Mobile: +27 71 605 4294

Date: 04-04-2022 03:00:00
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