Dealing in Securities by an Associate of a Director and Disclosure of Beneficial Interest in Securities PPC Ltd (Incorporated in the Republic of South Africa) Company registration number: 1892/000667/06 JSE / ZSE code: PPC JSE ISIN: ZAE000170049 (“PPC” or “Company”) DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR AND DISCLOSURE OF BENEFICIAL INTEREST IN SECURITIES In compliance with the JSE Limited Listings Requirements, 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* Date of transaction : 13 February 2020 Number of securities : 12 725 499 Nature of transaction : On-market purchase of securities Class of securities : Ordinary shares Share price : R1.97 Value of transaction : R25 069 233.03 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 Legae Peresec Fund Platform Proprietary Limited, the registered investment manager for various funds advised by VCP. BENEFICIAL INTEREST IN SECURITIES In terms of paragraph 3.83(b) of the JSE Listings Requirements and section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, shareholders are advised that PPC has received formal notification that VCP has acquired additional beneficial interest in the ordinary shares of the Company, such that the total interest held in PPC now amounts to 15.00% (fifteen percent) of the total issued ordinary shares of the Company. Sandton 17 February 2020 Sponsor Merrill Lynch South Africa (Pty) Limited Investor contacts: PPC: Anashrin Pillay Tel: +27 (0)11 386 9000 Anashrin.Pillay@ppc.co.za Date: 17-02-2020 05:30:00 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.