PPC LIMITED - Dealing in Shares pursuant to Long-Term Incentive Plan

Dealing in Shares pursuant to Long-Term Incentive Plan

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")

DEALING IN SHARES PURSUANT TO LONG-TERM INCENTIVE PLAN

In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that Mr
Matias Cardarelli has been awarded PPC ordinary shares ("Shares") pursuant to the Company's long-
term incentive plan ("LTIP") as a sign-on award and in terms of his negotiated fixed term service
agreement, with no performance conditions, which award Mr Cardelli has accepted, as follows:

Director:                       Mr SM Cardarelli
Designation:                    Chief Executive Officer
Acceptance date:                23 November 2023
Vesting date:                  Awarded shares will vest in three equal instalments on the first,
                               second and third anniversary of the acceptance date.
Number of securities:           7 455 255
Value of Shares awarded:        R27 823 276.57
Nature of transaction:          Off-market award of shares in terms of LTIP
Class of securities:            Ordinary shares
Nature of interest:             Direct Beneficial
Clearance to deal obtained:     Yes

The value of the Shares awarded in terms of the LTIP is the actual cost (including transaction costs)
incurred between 20 November 2023 and 22 November 2023 for the specific purpose of settling the
Company's obligation in this regard.

Dunkeld
28 November 2023

Sponsor:
Questco Corporate Advisory Proprietary Limited

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

Date: 28-11-2023 09:00:00
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