PPC LIMITED - Disclosure of Beneficial Interests in Securities

Disclosure of Beneficial Interests in Securities

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")

DISCLOSURE OF BENEFICIAL INTERESTS IN SECURITIES

In terms of paragraph 6.54 of the JSE Listings Requirements and section 122(3)(b) of the
Companies Act, No. 71 of 2008, as amended ("Companies Act"), shareholders are advised that, on
19 and 20 May 2026, the Company received formal notifications from Ninety One SA (Pty) Ltd ("Ninety
One") regarding:

 -   the acquisition of an interest in the ordinary shares of the Company ("Shares"), such that the total
     interest held by Ninety One in PPC, following the acquisition, amounted to 5.0000% of the total
     issued Shares; and
 -   the subsequent disposal of an interest in the Shares, such that the total interest held by Ninety
     One in PPC now amounts to 4.9856% of the total issued ordinary shares of PPC.

The board of directors of PPC ("the Board") accepts responsibility for the information contained in this
announcement and confirms that, to the best of its knowledge and belief, such information is true and
this announcement does not omit anything likely to affect the importance of such information. The
Board has relied on the accuracy of the information contained in the notification received from
Ninety One in making this statement.

The requisite notices, in terms of section 122(3)(a) of the Companies Act, have been filed with the
Takeover Regulation Panel.


Rosebank
21 May 2026

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 21-05-2026 10:30:00
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