Dealing in Securities and Disclosure of Beneficial Interest PPC Ltd (Registration number 1892/000667/06) (Incorporated in the Republic of South Africa) JSE ISIN: ZAE000170049 JSE & ZSE share codes: PPC JSE code: PPC002 JSE ISIN: ZAG000111212 JSE code: PPC003 JSE ISIN: ZAG000117524 JSE code: PPC005 JSE ISIN: ZAG000117532 (“PPC” or the “Company”) DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR AND DISCLOSURE OF BENEFICIAL INTEREST IN SECURITIES In compliance with paragraph 3.66 of the JSE Limited Listings Requirements (“JSE LR”), the following information is disclosed: Director : Mr AC Ball Title : Non-Executive Director Director : Ms N Mkhondo Title : Non-Executive Director Company : PPC Limited Name of Associate : Value Capital Partners (Pty) Ltd (“VCP”)* Date of transaction : 6 December 2018 Number of securities : 2 560 213 Nature of transaction : On-market purchase of securities Class of securities : Ordinary shares Share price : R5.35 Value of transaction : R13 697 139.55 Nature of interest : Indirect Beneficial Clearance to deal obtained : Yes Date of transaction : 7 December 2018 Number of securities : 397 998 Nature of transaction : On-market purchase of securities Class of securities : Ordinary shares Share price : R5.4999 Value of transaction : R2 188 949.20 Nature of interest : Indirect Beneficial Clearance to deal obtained : Yes * Mr AC Ball and Ms N Mkhondo have an indirect beneficial interest in Value Capital Partners (Pty) Ltd (“VCP”), which is the advisor to Peregrine Fund Platform (Pty) Ltd, the registered investment manager for various funds advised by VCP. In terms of paragraph 3.83(b) of the JSE LR and section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, shareholders are also advised that the Company has received formal notification that VCP has, in aggregate, acquired ordinary shares in the Company, such that the total interest in securities currently held in PPC is 10.07% of the total issued ordinary shares of PPC. Sandton 12 December 2018 Sponsor Merrill Lynch South Africa (Pty) Limited Investor contacts: PPC: Anashrin Pillay Tel: +27 (0)11 386 9000 Anashrin.Pillay@ppc.co.za Date: 12/12/2018 05:20:00 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.