Published: 27 August 2017

Shareholders of PPC are referred to various cautionary announcements, first published on the Stock Exchange News Service ("SENS") on 13 February 2017 and the last on 17 July 2017, regarding the Heads of Terms ("HoT") entered into by AfriSam Group (Pty) Ltd ("AfriSam") and PPC (collectively, the "Parties"), to assess the merits of a potential merger ("Proposed Merger") between the Parties and to enter into formal discussions in this regard.

AfriSam has notified PPC that it has terminated the HoT which formed the basis of the current engagements between the Parties with regard to the Proposed Merger. Notwithstanding the termination of the HoT, AfriSam has indicated to PPC that it intends submitting a new proposal regarding a possible combination of the Parties.

The outcome of these discussions may have a material impact on the price of the Company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in securities of the Company until such time a further announcement is made.



- PPC

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