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PPC - Pretoria Portland Cement Company - PPC achieves BBBEE level 3 contributor

Release Date: 14/12/2009 14:25
Code(s): PPC
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PPC - Pretoria Portland Cement Company - PPC achieves BBBEE level 3 contributor status ahead of time Pretoria Portland Cement Company Limited (Incorporated in the Republic of South Africa) (Company registration number: 1892/000667/06) JSE Code: PPC ISIN: ZAE000125886 ("PPC" or "the company") PPC ACHIEVES BBBEE LEVEL 3 CONTRIBUTOR STATUS AHEAD OF TIME Leading cement producer PPC has improved its empowerment status from a Level 4 to a Level 3 BBBEE contributor rating. This rating, together with the highest preferential procurement recognition level in the cement industry of 138% reflects PPC`s commitment to transformation in South Africa. PPC had expected to reach this target by 2011, but the solid transformation foundations laid many years ago and a committed team performance resulted in this goal being achieved significantly earlier than expected. PPC met its objectives in almost all of the DTI`s code of good practice scorecard pillars with notable increases in scores relating to employment equity, enterprise development and socio-economic development. PPC`s approach to transformation continues to create meaningful empowerment, both internally and in the communities in which PPC operates. Johannesburg 14 December 2009 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 14/12/2009 14:25:02 Supplied by 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.

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