Dealing in Securities by an Associate of a Director 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 "Company" or "Group") DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR 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 transact ion : 18 March 2020 Number of securities : 1 056 191 Nature of transaction : On-market purchase of securities Class of securities : Ordinary shares Share price : R0.9539 Value of transaction : R1 007 500.59 Nature of interest : Indirect Beneficial Clearance to deal obtained : Yes Date of transaction : 19 March 2020 Number of securities : 1 079 021 Nature of transaction : On-market purchase of securities Class of securities : Ordinary shares Share price : R0.9932 Value of transaction : R1 071 683.66 Nature of interest : Indirect Beneficial Clearance to deal obtained : Yes Date of transaction : 20 March 2020 Number of securities : 3 490 927 Nature of transaction : On-market purchase of securities Class of securities : Ordinary shares Share price : R1.0215 Value of transaction : R3 565 981.93 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 registered investment manager to Value Capital Partners H4 QI Hedge Fund and various other funds. Sandton 23 March 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: 23-03-2020 04:30:00 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.