Changes to the Board of Directors of PPC PPC Ltd (Incorporated in the Republic of South Africa) (Company registration number 1892/000667/06) JSE ISIN: ZAE000170049 JSE code: PPC ZSE code: PPC JSE code: PPC003 JSE ISIN: ZAG000117524 JSE code: PPC005 JSE ISIN: ZAG000117532 ("PPC" or "Company" or "Group") CHANGES TO THE BOARD OF DIRECTORS OF PPC (“BOARD”) In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the Board wishes to inform shareholders of the following change to the Board. Appointment of a Non-executive Director to the Board The Board is pleased to announce the appointment of Mr Mark Richard Thompson as a non-executive director and member of the Audit, Risk and Compliance Committee of PPC Ltd with effect 1 May 2019. Mr Thompson holds B.Com, BAcc and LLB degrees and is both a qualified lawyer and a Chartered Accountant and was formerly Chief Financial Officer and Executive Director of Sappi Limited. He was a member of the Sappi Limited board for six years and served on the boards of Sappi operating subsidiaries in South Africa, the USA, Europe and Hong Kong, and chaired the Supervisory Board of the Austrian holding company housing Sappi's non-South African interests. He was the senior executive on the Sappi Group Audit Committee and a member or Chairman of various subsidiary Audit and Risk Committees in Europe, the USA, South Africa and Asia. He currently holds non-executive positions at Rand Merchant Bank (member of the Audit Committee); FirstRand Insurance Services Company Limited (member of the Board and Chairman of the Audit, Risk and Compliance Committee); Hudaco Industries Limited (member of the Board, Audit Committee, the Nominations Committee and Chairman of the Remuneration Committee); Rockwood Private Equity Limited (member of the Rockwood Advisory Panel and a member of the Board and Audit and Risk Committee of one of its major unlisted investments); is a Trustee of a medical research foundation and a member of its Investment Committee; and Chairs the Audit Committee of the Sappi Pension Fund. The Board welcomes Mr Thompson and looks forward to his contribution. Sandton 12 April 2019 Investor contacts: Anashrin Pillay Tel: +27 (0) 11 386 9000 Anashrin.Pillay@ppc.co.za Sponsor to PPC: Merrill Lynch South Africa (Pty) Limited Date: 12/04/2019 02:15:00 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.