Investor Information

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 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.

Leadership and Governance Update - Appointment of Matias Cardarelli as Chief Executive Officer 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 ("PPC" or "the Company") LEADERSHIP AND GOVERNANCE UPDATE – APPOINTMENT OF MATIAS CARDARELLI AS CHIEF EXECUTIVE OFFICER OF PPC Shareholders are referred to the announcement released on SENS on 4 September 2023, announcing the appointment of Mr Matias Cardarelli as Chief Executive Officer of PPC subject to Matias receiving his work permit. The Board is pleased to announce that Matias' work permit has been issued and that he will formally take over from Roland van Wijnen with effect from 01 December 2023. The board would like to thank outgoing CEO Roland van Wijnen for his commitment, hard work, and loyalty to PPC, its shareholders, employees, and customers. Dunkeld 27 November 2023 Sponsor: Questco Corporate Advisory Proprietary Limited Financial Communications Advisor: Instinctif Partners Louise Fortuin Mobile: +27 71 605 4294 Date: 27-11-2023 09:00:00 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.

Click below to view full PDF article https://senspdf.jse.co.za/documents/2023/jse/isse/ppc/PPC30Sep.pdf Group Results for the Six Months ended 30 September 2023 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 or the group) SHORT-FORM ANNOUNCEMENT GROUP RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023 Roland van Wijnen, CEO, said: The period under review reflects an encouraging recovery for the PPC group, albeit off a low base. A key driver is that profitability shows improvement across our core southern African markets, despite the weak macro environment and decline in cement volumes in South Africa. Moreover, the rolling out of the South African government's infrastructure development plans and protection of the local cement market through the introduction of import tariffs to create a level playing field for domestic producers, remain elusive. Increased demand is required to enable us to more effectively utilise the capacity available in our primary market. PPC Zimbabwe saw a strong recovery across all key metrics when compared to the negative impact of the planned shutdown in the prior comparative period. Accounting has been simplified following the adoption of the US dollar as its functional currency. PPC Zimbabwe continues to declare and pay dividends. Reaching an agreement to dispose of PPC’s 51% stake in CIMERWA (Rwanda) is an important step in PPC’s strategy of focusing on its core southern African markets. PPC has repurchased R103 million worth of its own shares, just over half the R200 million approved for this purpose at its FY23 year-end. I would like to thank the many people who make up the PPC community, and who have been part of the PPC journey during my tenure, for their support, energy and commitment. Also, I wish them, and my successor Matias Cardarelli, all the best for the future. Snapshot of performance from continuing operations Consolidated group - Revenue up 20,9% to R6 172 million (H1 FY23: R5 103 million) - EBITDA margin up 3% pts to 17,3% (H1 FY23: 14,3%) - EBITDA up 46,8% to R1 069 million (H1 FY23: R728 million) - HEPS of 26 cents (H1 FY23: loss of 5 cents) - EPS of 24 cents (H1 FY23: loss of 3 cents) - Agreement to dispose of PPC’s 51% stake in CIMERWA (Rwanda) concluded on 17 November 2023 for US$42,5 million Reporting simplified due to hyperinflation no longer being applicable in the current reporting period INDIVIDUAL BUSINESSES SA and Botswana group - Resilient performance in a challenging market - Revenue, excluding dividends received, increased 2,0% to R3 546 million (H1 FY23: R3 477 million) - SA and Botswana cement EBITDA margins increased to 12,6% (H1 FY23: 12,2%) - After spending R103 million on the share repurchase programme, net debt for the SA and Botswana group nonetheless reduced by R195 million (R70 million since FY23) to R730 million (H1 FY23: R925 million) PPC Zimbabwe - Strong recovery following impact of planned extended kiln shutdown in prior comparative period - Revenue up 104% to R1 743 million (H1 FY23: R855 million) - EBITDA margins increased to 24,6% (H1 FY23: 17,3%) - Dividends of US$4,0 million paid (H1 FY23: US$5,0 million). A further dividend of US$7 million was declared by PPC Zimbabwe in November 2023. CIMERWA (Rwanda) - Continued positive trajectory notwithstanding margin pressures - Revenue up 14,5% to R883 million (H1 FY23: R771 million) - EBITDA margins decreased to 29,4% (H1 FY23: 32,3%) - Net cash at 30 September 2023 - R107 million (FY23 net debt of R162 million) GROUP PERFORMANCE - CONTINUING OPERATIONS PPC delivered a pleasing performance across all its markets for the six months to 30 September 2023 (the current period) despite the weak macro environment for its core SA and Botswana group where it saw a decline in cement volumes. Group revenue for the current period increased by 20.9% to R6 172 million (September 2022: R5 103 million) driven by a 4% increase in group cement volumes, price increases and the rand depreciation against the US$. Group cost of sales increased 16,1% to R4 934 million (September 2022: R4 251 million), being a lower rate of increase than revenue, which, when combined with marginally lower administration and other operating expenses resulted in a significant increase in operating profit to R675 million (September 2022: R273 million). Group EBITDA increased by 46,8% to R1 069 million (September 2022: R728 million) as margins expanded in all the markets, except Rwanda. In addition, there was a significant recovery of market share in Zimbabwe as well as a return to profitability by the overall materials business. Fair value and foreign exchange gains decreased from R82 million to R4 million due to the adoption of the US$ as the functional currency for PPC Zimbabwe, thereby eliminating foreign exchange gains on monetary items held in Zimbabwe. Similarly, the R206 million net monetary loss in the prior period due to hyperinflation is not applicable in the current period. An impairment of R53 million relating to property, plant and equipment was made in the current period (September 2022: Rnil). This is related to the mothballing by Cement SA of its Jupiter milling plant to secure cost savings. Finance costs decreased marginally to R81 million (September 2022: R84 million) notwithstanding the increases in interest rates when compared to the prior period as gross debt continued to reduce. Investment income increased to R15 million (September 2022: R10 million) on higher cash balances and higher market yields. During the prior period the group realised a R23 million profit on the disposal of an equity-accounted investment, Habesha. Profit before tax increased to R560 million (September 2022: R106 million) and profit after tax was R431 million (September 2022: R22 million). The effective tax rate for the current period is 23,0% (September 2022: 79%). The prior period rate was negatively affected by a once off de-recognition of a deferred tax asset in PPC Ltd and the impact of PPC Zimbabwe inflation. Earnings per share (EPS) and headline earnings per share (HEPS) increased respectively to 24 cents (September 2022: 3 cents loss) and 26 cents (September 2022: 5 cents loss). The group's net cash flow before financing activities increased to R578 million (September 2022: R319 million excluding discontinued operations) as cash generation remains a key priority. In line with the disciplined capital allocation policy, capital expenditure for the current period was R219 million (September 2022: R176 million). The share repurchase programme of R200 million, approved by the board in June 2023, was 52% (R103 million) completed at the end of September 2023. Group net debt declined to R381 million (September 2022: R677 million) from R765 million at 31 March 2023 due to strong cash generation as cash balances remain relatively high at R640 million (September 2022: R766 million) when compared to the 31 March 2023 balance of R424 million. Net debt for the SA and Botswana group improved by R195 million (R70 million since FY23) to R730 million (H1 FY23: R925 million) and gross leverage levels remain below the target range of 1,3 - 1,5 x last twelve month's EBITDA. Zimbabwe remains debt-free and had unrestricted cash holdings at 30 September 2023 of R226 million up from R118 million at 31 March 2023 (September 2022: R253 million). Some 99,5% of PPC Zimbabwe's cash is held in hard currencies. Zimbabwe declared and paid a US$4 million dividend during the current period and declared a further US$7,0 million dividend in November 2023. CIMERWA's gross debt declined to R167 million from R383 million at 31 March 2023 (September 2022: R365 million). Cash balances increased marginally to R274 million from R221 million at 31 March 2022 (September 2022: R345 million) as cash generation contributed positively following the dividend paid in March of R172 million. SOUTH AFRICA AND BOTSWANA CEMENT Overall cement sales volumes in South Africa and Botswana for the current period were down 4,7% when compared to the prior comparative period, mainly due to a decline in sales in the coastal and Botswana regions. Sales were only marginally negative in the inland region on an improved retail performance despite price increases and an ongoing oversupply. Industrial and construction demand for technical products remains a strong differentiator for PPC. The weaker coastal demand was due to a weaker economic environment in the region and excessive rain. Larger construction projects in the region were also delayed. Imports into South Africa are at a stable level and continue to impact the domestic industry negatively. In addition, Botswana was negatively impacted by increased Namibian imports supported by export incentives provided to producers in Namibia. PPC continues to increase its selling prices on a bi-annual basis and achieved an average selling price increase of 8,8% when compared to the six months ended 30 September 2022. For the six months ended 30 September 2023, South Africa and Botswana cement revenue increased by 4,7% to R3 158 million (September 2022: R3 015 million), also impacted by 0,4% adverse product mix. High input cost inflation was experienced during the period, resulting in variable production costs per tonne cement sold increasing by some 9,7% compared to the prior period. Stringent cost mitigation measures contained fixed costs, with such costs decreasing by 1,9% compared to the prior period. Overall, total costs increased by 3,6% compared to prior period. EBITDA increased by 8,2% to R398 million (September 2022: R368 million) with a margin of 12,6% (September 2022: 12,2%) as cost control initiatives combined with bi-annual price increases saw margins stabilise, albeit at low levels. AGGREGATES, READYMIX AND ASH Readymix volumes decreased by 19,7%, while aggregates volumes decreased by 16,8% compared to the prior period. Fly ash sales volumes increased by 13,8%. Overall revenue for the materials division decreased by 6,1% to R586 million (September 2022: R624 million), due to the largest contributor, readymix, experiencing a significant reduction in demand offset in part by an increase in the average selling price. The divisional EBITDA increased to a profit of R14 million (September 2022: R14 million loss) following the successful implementation of turnaround measures implemented prior to 31 March 2023. These included a reduction of the absolute fixed costs and the conversion of certain fixed costs to variable costs. INTERNATIONAL Zimbabwe During the current reporting period, PPC's operation in Zimbabwe saw a strong recovery in all its key metrics. Zimbabwe continued to win back market share it had lost during the planned extended kiln shutdown in the first half of the prior year. Cement sales volumes increased 44,0% mainly due to improved clinker availability for production, increased local demand, a reduction in imports and a soft base in the prior comparative numbers due to the extended shutdown. PPC Zimbabwe changed its functional currency to US$ and reporting has therefore been simplified as hyperinflation accounting is no longer applicable. The rand depreciated by 14,9% to the US$ when compared to the prior comparative period, bolstering the Zimbabwean overall performance when reported in South African rands. Revenue for the current period increased by 104% in rand terms to R1 743 million (September 2022: R855 million) which, together with the focus on costs resulted in EBITDA margins increasing to 24,6% (September 2022: 17,3%). PPC Zimbabwe's EBITDA increased by 190% to R429 million (September 2022: R148 million). Rwanda CIMERWA's cement sales volumes increased by 11,9% for the current period when compared to the prior period, as local and regional demand remains strong albeit with increased competition. CIMERWA is expected to remain in a strong position to benefit from the continued growth of cement demand. Revenue for the six months ended 30 September 2023 increased by 14,5% to R883 million (September 2022: R771 million), as the rand remained relatively stable against the franc, depreciating 1%. In local currency, revenue increased by 13,2% and EBITDA increased by 4,4% to R260 million (September 2022: R249 million). With low average selling price increases of 1,3% due to product mix and continued pressure on input cost pricing, EBITDA margins decreased to 29,4% (September 2022: 32,3%). LEADERSHIP Further to the announcement of Matias Cardarelli as the incoming chief executive officer of PPC on 4 September 2023, shareholders are advised that the necessary work permit has not yet been finalised. However, sound progress has been made and it is still envisaged that Mr Cardarelli will be able to start during the quarter ending 31 December 2023. The current managing director of South Africa and Botswana, Njombo Lekula, has announced he will be leaving PPC after three decades with the organisation. The board thanks Njombo for his invaluable contribution and dedication throughout his tenure at PPC and wish him the very best for the future. While he will be winding down his involvement and handing over, he will remain as part of PPC until 31 December 2023. Mr Lekula's role will not be filled but rather merged with that of the group CEO. This will create a more efficient structure to support PPC's strategic goals. OUTLOOK The key focus for PPC will remain on its southern Africa businesses, including South Africa, Botswana and Zimbabwe. This includes continuing to improve its profitability and enhance returns through further operational efficiencies and cost containment measures. Without a significant increase in infrastructure spending and South African gross domestic product, South Africa's cement demand is expected to remain subdued and sustainability is therefore dependent on both capital discipline and margin management. Notwithstanding, PPC South Africa remains well positioned to benefit from an increase in cement demand with additional capacity readily available to capture an upswing in demand without significant additional capital expenditure being required. Following a strong recovery in market share and profitability in PPC Zimbabwe in the current period, the company anticipates at least maintaining these gains. Further improvements will become possible following the implementation of the fly ash project, which is still in the procurement stage. Chairman Chief executive officer Chief financial officer PJ Moleketi R van Wijnen B Berlin Sandton 20 November 2023 Short-form announcement This short-form announcement is the responsibility of the directors. It is only a summary of the information contained in the full announcement and does not contain full or complete details. Any investment decision should be based on the full announcement accessible from Monday, 20 November 2023, via the JSE link as follows: https://senspdf.jse.co.za/documents/2023/JSE/ISSE/PPC/PPC30Sep.pdf and also available on the Company's website at https://www.ppc.africa/investors-relations/reports/?t=interim A copy of the full announcement is also available for inspection at the company's registered office and may be requested from the Company Secretary Kevin Ross at (Kevin.Ross@ppc.co.za) at no charge, during office hours. A live and recorded video webcast of the results presentation will be held today at 10:00am (SAST) and can be accessed via this link: https://www.corpcam.com//PPC20112023 Registered office: First Floor, 5 Parks Boulevard, Oxford Parks, Dunkeld, South Africa (PO Box 787416, Sandton, 2146, South Africa) DIRECTORS: PJ Moleketi (chair), R van Wijnen* (CEO), B Berlin (CFO), N Gobodo, BM Hansen**, K Maphisa, NL Mkhondo, CH Naude, D Smith, MR Thompson, * Dutch **Danish Company secretary: KR Ross Sponsor: Questco Corporate Advisory (Pty) Ltd Financial Communications adviser: Instinctif Partners, Louise Fortuin Mobile: +27 71 605 4294 Date: 20-11-2023 08:15:00 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.

Disposal by PPC Limited of its 51% Interest in CIMERWA - Rwanda PPC Limited (Incorporated in the Republic of South Africa) (Registration number 1892/000667/06) JSE ISIN: ZAE000170049 JSE code: PPC ZSE code: PPC ("PPC" or "the Company") DISPOSAL by PPC OF ITS 51% INTEREST IN CIMERWA (RWANDA) 1. INTRODUCTION PPC shareholders are advised that the Company's wholly-owned subsidiary, PPC International Holdings Proprietary Limited ("PPCIH"), concluded an agreement (the "Disposal Agreement") on 17 November 2023 ("Signature Date") to dispose of its entire shareholding (the "Disposal Shares") in CIMERWA PLC ("CIMERWA") to National Cement Holding Limited (the "Purchaser"), for a cash consideration of US$42.5 million (the "Disposal Consideration" and the "Disposal"). CIMERWA is a Rwandan-based integrated cement manufacturer in which PPC has held a 51% interest since 2013. The remaining 49% is held by minority shareholders, and this 49% is listed on the Rwanda Stock Exchange. The Purchaser is a privately-owned company and is part of the Devki group that is one of the largest manufacturers of clinker and cement in East Africa, with operations in Kenya and Uganda. 2. EFFECTIVE DATE The effective date of the Disposal will be the seventh business day after the day on which the last of the conditions precedent (as detailed in paragraph 4 below), are fulfilled or waived (the "Effective Date"). On the Effective Date, all legal risk in and all benefit attaching to the Disposal Shares will pass to the Purchaser against payment of the Disposal Consideration. 3. RATIONALE FOR THE DISPOSAL AND USE OF PROCEEDS The Disposal is pursuant to the Company's revised strategy to focus on its core Southern African markets and results in PPC exiting the last of its Central and East African assets. PPC believes that the Disposal enables the entry of a new long-term strategic investor in CIMERWA that has the required financial and technical resources to continue to support and execute CIMERWA's strategy, which is in line with the Purchaser's strategy to be an expanding regional cement producer. The use of the Disposal Consideration will be considered by PPC in terms of its capital allocation model and its optimal gearing levels. 4. CONDITIONS PRECEDENT The implementation of the Disposal will be subject to the fulfilment and / or waiver of, inter alia, the following conditions precedent, by no later than 29 February 2024: 4.1 notification by the parties of the Disposal to the Common Market for Eastern and Southern Africa; 4.2 CIMERWA has received tax clearance from the Rwanda Revenue Authority; 4.3 approval of the change of control arising out of the Disposal has been obtained from CIMERWA's bankers; and 4.4 a non-objection confirmation has been received from the Rwanda Stock Exchange to conduct the Disposal as an off-market sale/transfer. 5. WARRANTIES AND OTHER MATERIAL TERMS PPCIH has provided the Purchaser with such warranties as are considered standard for a transaction of this nature. National Cement Company Limited, a significant operating company within the Devki group, has furnished PPC with a corporate guarantee in respect of payment of the Purchase Consideration. 6. FINANCIAL INFORMATION The financial information set out below has not been reviewed or reported on by a reporting accountant in terms of Section 8 of the JSE Listings Requirements and is the responsibility of PPC's directors. CIMERWA had a net asset value of R1.2 billion as at 31 March 2023, being the date of the Company's last financial year-end, and recorded a net profit after tax of R237 million for the year ended 31 March 2023. At 31 March 2023, PPC had recorded the Disposal Shares at a total book value of US$38.5 million (R275.2 million). The above financial information has been extracted from PPC's audited and consolidated annual financial statements for the year ended 31 March 2023, which were prepared in accordance with International Financial Reporting Standards. 7. CATEGORISATION The Disposal is classified as a category 2 transaction in terms of the JSE Listings Requirements and, accordingly, does not require shareholder approval. Dunkeld 17 November 2023 JSE Sponsor Questco Corporate Advisory Proprietary Limited Corporate Advisor Standard Chartered Bank Legal Advisor Cliffe Dekker Hofmeyr Inc. Date: 17-11-2023 02:16:00 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.

Trading Statement for the six month ended 30 September 2023 PPC Limited (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 group") TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2023 PPC is currently finalising its results for the six months ended 30 September 2023 ("the current period"). Shareholders are advised that PPC is satisfied that a reasonable degree of certainty exists that the expected earnings per share ("EPS") and headline earning per share ("HEPS") for the current period will differ by at least 20% from that for the previous corresponding period, being the six months ended 30 September 2022 ("the prior period") and that a trading statement is required in terms of the JSE Limited Listings Requirements. This difference is primarily due to the current period EPS and HEPS numbers being impacted by a strong performance by PPC Zimbabwe in the current period compared to the prior period in which it had an extended kiln shutdown. In addition, in the current period, PPC Zimbabwe changed its functional currency from the Zimbabwean dollar to the United States dollar and this also had a positive impact given the elimination of net monetary losses arising in the prior period due to hyperinflation accounting. The following EPS and HEPS for the group are expected: Current period Prior period Expectation range Restated* EPS (cents) 1 21.0 to 25.0 (30) HEPS (cents) 1 25.5 to 26.5 (6) 1 Brackets denote losses per share *Shareholders are referred to the annual financial statements for the year ended 31 March 2023, where-in it was reported that net impairments had incorrectly been taken in prior periods on the classification of PPC Barnet as a disposal group, which should instead have been taken as a loss from discontinued operations when control was actually lost, being 29 April 2022. The comparatives for the financial year ended 31 March 2022, were accordingly re- stated for these non-cash adjustments. This also affects the prior period and the EPS will accordingly be re-stated for the PPC group from (9) cents to (30) cents as stated above. Moreover, the South Africa & Botswana Cement and Rwanda (CIMERWA) EBITDA margins remain in line with those disclosed in the operational update, dated 20 September 2023, of 11% and 29% respectively. The financial information on which this trading statement is based is the responsibility of the directors of PPC and has not been reviewed or reported on by the group's independent external auditor. Full details of the groups' performance will be contained in the group's unaudited consolidated financial statements for the six months ended 30 September 2023, which are expected to be released on or about 20 November 2023. Dunkeld 9 November 2023 Sponsor Questco Corporate Advisory Proprietary Limited Financial Communications Advisor: Instinctif Partners Louise Fortuin Mobile: +27 71 605 4294 Date: 09-11-2023 12:40:00 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.

Operating Update for the five months ended 31 August 2023 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” or “the group”) OPERATING UPDATE FOR THE FIVE MONTHS ENDED 31 AUGUST 2023 GROUP PERFORMANCE For the five months ended August 2023, compared to the five months ended August 2022 (the “comparable period”), revenue for PPC’s South Africa (“SA”) and Botswana group (previously referred to as SA obligor group), which excludes Zimbabwe and Rwanda (CIMERWA), increased by 5%, driven by an increase of average selling prices despite weaker cement sales volumes. Revenues from the group’s operations in both Zimbabwe and Rwanda were materially stronger than the comparable period increasing by 58% (US$ parallel rate) and 19% (in ZAR) respectively. Group cement sales volumes (including Zimbabwe and Rwanda) for the five months ended August 2023 were 3% higher than the comparable period due to exceptionally strong growth in Zimbabwe and, to a lesser extent, Rwanda, while cement volumes continued to decline in South Africa. While the materials business continued to see a decline in volumes, the cost reduction actions and price increases implemented resulted in EBITDA turning from negative in the comparable period to neutral in the five months ended August 2023. EBITDA margins for SA and Botswana cement were flat against the comparable period at 11%, as price increases and cost initiatives enabled the margin to be maintained. Cash generation in the SA and Botswana group was positive due to the stabilised cement EBITDA, improvement in the materials business EBITDA and lower than anticipated capital expenditure. Cash generation includes a dividend received from Zimbabwe in July 2023 of R76 million ($3.5 million) compared to R68 million ($4.2 million) in the comparable period. SOUTH AFRICA & BOTSWANA CEMENT Cement sales volumes in South Africa and Botswana decreased by 6% period-on-period for the five months ended August 2023. Cement sales volumes in the inland region continued their decline, albeit at a significantly lower rate, while the coastal region saw a downturn in volumes following higher than usual rainfall and weak retail demand. The average selling price increased by 10% during the period under review as bi-annual increases were implemented in January and July 2023. Notwithstanding the lower volumes, this resulted in revenue growth of 5%. EBITDA for the period also increased by 5% as margins stabilised when compared to the comparable period. PPC will continue its efforts to counter input price inflation through price adjustments, operational efficiencies and improved industrial performance. SA and Botswana group’s gross debt remains unchanged from 31 March 2023, but cash has increased from R131 million to R283 million, leaving net debt at R648 million at 31 August 2023 from R800 million at 31 March 2023. The BEE transaction announced on SENS on 7 August 2023 for 10% of PPC South Africa Holdings Proprietary Limited (“PPC SA Holdings”) is for the benefit of PPC’s South African employees. Qualifying South African employees therefore participated in the amount paid by PPC Cement SA (Proprietary) Limited to PPC SA Holdings to enable it to declare a dividend to PPC, which will be utilised to fund the share repurchase of R200 million announced in June 2023. MATERIALS The materials business is now contributing marginally to the EBITDA of the SA and Botswana group following the implementation of various improvement actions. Price increases across ash, aggregates and readymix together with an improved cost structure resulted in marginally positive EBITDA compared to a negative in the comparable period. ZIMBABWE The cement market in Zimbabwe continued to show growth as a result of both residential construction and government funded infrastructure projects. PPC Zimbabwe continued to win back market share during the period following the planned maintenance shut down in the prior year. Cement sales volumes increased 42% period on period. PPC Zimbabwe’s average US$ selling price increased by 12% (US$ parallel rate) during the period. The improved volumes and pricing allowed for a meaningful improvement in EBITDA margins to 27%, a significant improvement from 14% in the comparable period, when there was a planned shutdown. PPC received a US$3.5 million dividend in July 2023 and anticipates an additional dividend to be declared upon the publication of PPC Zimbabwe's interim results in November 2023. Shareholders were previously advised that 19% of the 29.6% of PPC Zimbabwe held by various indigenisation parties vested on 5 July 2023 and PPC Zimbabwe expected to re-purchase such shares at US$ one cent each in accordance with the relevant agreements. The repurchase of such shares was approved at an extraordinary general meeting of PPC Zimbabwe’s shareholders on 29 August 2023 and all such shares were subsequently re- purchased at US$ one cent each and cancelled. Consequently, PPC now holds 90% of PPC Zimbabwe. Economically, PPC will receive 99.5% of all dividends until the notional vendor financing of the remaining indigenous shareholder is repaid. Once-off costs incurred by PPC in connection with the unwinding of the indigenisation transaction amounted to R42 million. RWANDA (CIMERWA) Rwanda continues to see strong demand for cement in all its markets, with cement sales volumes increasing by 13% period-on-period for the five months ended August 2023. Rwanda’s cement sales continued to benefit from its strong domestic position as demand from infrastructure projects remains robust. Cement exports were impacted by increased competition due to new competitors. Input cost increases were not able to be fully absorbed through pricing increases of 6%, resulting in EBITDA increasing by 9% (ZAR) and a reduction in EBITDA margin to 29% from 32% in the comparable period. OUTLOOK PPC’s outlook remains unchanged and it will continue to focus its resources on improving profitability and cash generation in South Africa while preserving its sound market positions in Zimbabwe and Rwanda. There continues to be a need for operational efficiencies and cost containment measures to mitigate rising input costs as the economic climate in PPC’s key South African market remains muted. As previously highlighted, PPC South Africa is well positioned to benefit from an increase in cement demand. PPC Zimbabwe anticipates a continued recovery and the outlook for CIMERWA in Rwanda remains positive. PPC is participating in the RMB Morgan Stanley Big Five and Off Piste Investor Conference in Cape Town on 20 September 2023 and the presentation to be given at this conference is available on the company’s website www.ppc.africa/investors-relations/reports/?t=presentations-allocate Dunkeld 20 September 2023 Sponsor: Questco Corporate Advisory Proprietary Limited Financial Communications Advisor: Instinctif Partners Louise Fortuin Mobile: +27 71 605 4294 Date: 20-09-2023 07:30:00 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.

Availibility of Broad-Based Black Economic Empowerment Compliance Report 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”) AVAILABILITY OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT COMPLIANCE REPORT Shareholders are hereby notified that in accordance with the Listings Requirements of the JSE Limited, PPC’s annual compliance report in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53 of 2003, read with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013, has been published and is available on the Company’s website at (https://www.ppc.africa/sustainability/transformation/) Dunkeld 07 September 2023 Sponsor Questco Corporate Advisory Proprietary Limited Financial Communications Advisor: Instinctif Partners Louise Fortuin Mobile: +27 71 605 4294 Date: 07-09-2023 05:00:00 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.

Results of Annual General Meeting 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”) Results of Annual General Meeting (“AGM”) Shareholders of PPC (“Shareholders”) are hereby advised that all proposed ordinary and special resolutions contained in the Notice of the AGM dated 28 July 2023 and tabled at the Company’s AGM held on Wednesday, 6 September 2023, were passed by the requisite majority of votes cast by Shareholders, as reported below: The total number of PPC ordinary shares (“Shares”) in issue that could have voted at the AGM was 1 553 764 624 and the total number of Shares present at the AGM in person or by proxy was 1 060 292 232, representing 68.24% of the total Shares that could have voted. Resolutions proposed Number of Shares Percentage Percentage Percentage Percentage voted Shares For** Against** Abstained* voted* Ordinary Resolution 1.1 – Re- 1,059,560,415 68.19 99.99 0.01 0.05 election of N Gobodo Ordinary Resolution 1.2 – Re- 1,059,512,584 68.19 89.42 10.58 0.05 election of C Naude Ordinary Resolution 1.3 – Re- 1,059,512,584 68.19 100.00 0.00 0.05 election of MR Thompson Ordinary Resolution 2.1 – 1,059,576,467 68.19 99.99 0.01 0.05 Appointment to audit committee – N Gobodo Ordinary Resolution 2.2 – 1,059,530,542 68.19 97.10 2.90 0.05 Appointment to audit committee – N Mkhondo Ordinary Resolution 2.3 – 1,059,533,267 68.19 99.99 0.01 0.05 Appointment to audit committee – MR Thompson Ordinary Resolution 3 – 1,059,537,142 68.19 98.54 1.46 0.05 Appointment of external auditor PriceWaterhouseCoopers Inc (PwC) Ordinary Resolution 4.1 – Non- 1,059,270,267 68.17 81.42 18.58 0.07 binding advisory vote – remuneration policy Ordinary Resolution 4.2 – Non- 1,059,270,267 68.17 97.06 2.94 0.07 binding advisory vote – remuneration implementation report Ordinary Resolution 5 – 1,059,516,236 68.19 99.99 0.01 0.05 Authority to implement resolutions Special Resolutions 1.1 – 1,059,487,328 68.19 99.98 0.02 0.05 Financial Assistance – Section 44 Special Resolutions 1.2 – 1,059,487,328 68.19 87.17 12.83 0.05 Financial Assistance – Section 45 Special Resolution 2.1 – 1,059,510,859 68.19 95.65 4.35 0.05 Remuneration – Board chairman Special Resolution 2.2 – 1,059,510,859 68.19 98.52 1.48 0.05 Remuneration – Non-executive directors Special Resolution 2.3 – Audit 1,059,510,859 68.19 99.98 0.02 0.05 and risk committee chairman Special Resolution 2.4 – Audit 1,059,510,859 68.19 99.98 0.02 0.05 and risk committee – Members Special Resolution 2.5 – Social 1,059,490,028 68.19 99.98 0.02 0.05 and ethics committee – Chairman Special Resolution 2.6 – Social 1,059,490,028 68.19 99.98 0.02 0.05 and ethics committee – Members Special Resolution 2.7 – 1,059,510,859 68.19 99.98 0.02 0.05 Rewards and talent committee – Chairman Special Resolution 2.8 – 1,059,510,859 68.19 99.98 0.02 0.05 Rewards and talent committee – Members Special Resolution 2.9 – 1,059,510,859 68.19 99.98 0.02 0.05 Strategy and investment committee – Chairman Special Resolution 2.10 – 1,059,510,859 68.19 99.98 0.02 0.05 Strategy and investment committee – Members Special Resolution 2.11 – 1,059,510,859 68.19 97.11 2.89 0.05 Special meetings – Chairman Special Resolution 2.12 – 1,059,490,028 68.19 97.11 2.89 0.05 Special meetings – Members Special Resolution 3 – General 1,059,746,063 68.21 99.96 0.04 0.04 authority to repurchase shares * As a percentage to the total number of PPC ordinary shares in issue, being 1 553 764 624 ** As a percentage to the total number of shares voted at the AGM, being 1 060 292 232, Dunkeld 6 September 2023 Sponsor Questco Corporate Advisory Proprietary Limited Financial Communications Advisor: Instinctif Partners Louise Fortuin Mobile: +27 71 605 4294 Date: 06-09-2023 03:00:00 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.

Appointment of Matias Cardarelli as Chief Executive Officer 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 (“PPC”) APPOINTMENT OF MATIAS CARDARELLI AS CHIEF EXECUTIVE OFFICER OF PPC Following the leadership update provided in June 2023, the board of directors of PPC (“the Board”) is pleased to announce the appointment of Mr Matias Cardarelli as Chief Executive Officer of PPC. His appointment follows an extensive search for a suitable successor for Mr Roland van Wijnen, whose contract expired on 31 August 2023 and was extended to 31 December 2023 to facilitate an appropriate handover and transition. Mr Cardarelli has a remarkable track record in the cement industry, across multiple emerging markets having importantly spent the last five years in South Africa as CEO and Chairman of Natal Portland Cement (NPC) part of Intercement group. During his tenure at NPC he successfully transformed the organisation by improving efficiencies, boosting margins and EBITDA, and increasing cash generation. With this deep understanding of the local industry and his proven leadership skillset, Mr Cardarelli will play a pivotal role in continuing to drive PPC’s growth, improve profitability and enhance returns. Prior to moving to South Africa in 2019 to join NPC, Mr Cardarelli led the operational and financial turnaround of Amreyah Cement in Egypt and scaling-up of Yguazu Cementos in Paraguay. Following the onset of Covid 19 and the emergence of a new entrant in the Mozambican cement market, Mr Cardarelli’s portfolio was expanded to include Cimentos de Mozambique, where he successfully implemented an operational and commercial plan to return the company to profitability. About his appointment, Mr Cardarelli says, “I am excited to be joining PPC at this important time in its journey and highly value the trust placed in me by the Board. I equally look forward to working together with the PPC team as we write this iconic company’s next chapter. In the five years we have lived here my family and I have come to deeply love South Africa and her people. I look forward to contributing positively to both PPC and the country.” The Board welcomes Mr Cardarelli and looks forward to his leadership and contribution to the company’s path to sustainable profitability. Mr Cardarelli has signed a four-year contract which is subject to obtaining the necessary work permit and is expected to start during the last quarter of 2023. The Board wishes to thank outgoing CEO Roland van Wijnen. Under Roland's leadership, PPC has undergone a strategic repositioning through successfully implementing a restructuring of its debt, realigning its governance and reporting procedures and re-focusing its growth objectives in Southern Africa whilst navigating the challenges posed by Covid-19. Sandton 4 September 2023 Sponsor Questco Corporate Advisory Proprietary Limited Financial Communications Advisor: Instinctif Partners Louise Fortuin Mobile: +27 71 605 4294 Date: 04-09-2023 08:30:00 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.

Employment Equity Transaction PPC Ltd (Incorporated in the Republic of South Africa) (Registration number 1892/000667/06) JSE ISIN: ZAE000170049 JSE code: PPC ZSE code: PPC (“PPC”) EMPLOYEE EQUITY TRANSACTION 1. INTRODUCTION AND RATIONALE Shareholders are advised that PPC has concluded an equity transaction (“Transaction”) for the benefit of qualifying employees in the employ of PPC’s subsidiaries operating in South Africa. In terms of this Transaction, a newly formed PPC Employee Share Ownership Trust (“the Trust”) has purchased 10% of PPC South Africa Holdings Proprietary Limited (“PPC SA Holdings”) share capital (“the Trust Shares”) from PPC for a purchase price of R380 million. The Trust seeks to recognise and reward employees for the valuable role that they play in PPC’s success and demonstrate the company’s commitment to achieving South Africa’s equity ownership targets. All employees not currently participating in PPC’s long-term incentive program will be eligible and participation will be weighted in favour of historically disadvantaged individuals, in line with the spirit of Broad-based Black Economic Empowerment (“B-BBEE”). The Trust has been structured with the objective of providing an opportunity for qualifying employees to benefit for the duration of their employment and replaces previous equity ownership schemes which have since been unwound. The Transaction will enhance PPC’s B-BBEE status and is expected to improve the company’s rating to level 1. Group CEO, Roland van Wijnen, commented, “PPC has been built upon the shoulders of its employees and this Transaction provides a meaningful way of rewarding those in South Africa who do not participate in PPC’s long-term incentive plan to share in the creation of shareholder value. We are pleased that the terms of the Transaction are such that it stands to benefit employees for many years to come”. PPC SA Holdings is the holding company through which PPC conducts its South African cement and materials businesses (aggregates, ash and readymix). As part of the Transaction, PPC’s shareholding in PPC Group Services Proprietary Limited (the “Founder” or “Group Services”), which provides administrative, information technology and treasury services to the South African group, will also be transferred into PPC SA Holdings. The board of directors of PPC has approved the provision by PPC of a loan of R380 million and an additional amount of R975,000 in respect of securities transfer tax payable in connection with the Transaction to the Trust to enable the Trust to discharge the purchase consideration for the Trust Shares in full (the “Loan”). The Loan will be repaid by the Trust from 75% of dividends that it will receive from its shareholding in PPC SA Holdings, with the remaining 25% being capable of distribution to the Trust’s beneficiaries. The dividends that will be shared with the Trust will be generated by PPC’s South African operations, as more fully outlined below. The Trust will have one independent trustee appointed by the Founder and four additional trustees appointed by the beneficiaries of the Trust, employed by the relevant PPC South African group companies. 2. PURCHASE PRICE AND SATISFACTION THEREOF The purchase price of R380 million for the acquisition by the Trust of the Trust Shares will be satisfied in full by the advance of the Loan by PPC to the Trust on the closing date, as described in paragraph 3 below. The Loan accrues interest at the South African prime rate of interest and has no final repayment date. The Loan will be repaid through the future dividends declared by PPC SA Holdings to which the Trust will be entitled as a 10% shareholder in PPC SA Holdings. All dividends paid from PPC SA Holdings to the Trust will be utilised as follows: - 25% to be distributed to all qualifying beneficiaries of the Trust; and - 75% to be distributed to PPC (less any tax to be withheld) towards repayment of the Loan. For the foreseeable future, until such time as the Loan, including capitalised interest, has been fully repaid, qualifying beneficiaries will effectively receive 2.5% of any dividends declared by PPC SA Holdings. Following the repayment of the Loan in full, qualifying employees will receive 10% of the dividends declared by PPC SA Holdings. The Founder will cover the costs of operating the Trust. 3. CONDITIONS PRECEDENT AND CLOSING DATE OF THE TRANSACTION There are no outstanding conditions precedent to the Transaction agreements executed on 4 August 2023 and therefore the Transaction will close on 4 August 2023, in accordance with the terms of the Transaction agreements. 4. WARRANTIES AND OTHER SIGNIFICANT TERMS OF THE AGREEMENT The Transaction agreements contain reciprocal warranties by each of PPC, PPC SA Holdings and the Trust in favour of each other which are standard for a transaction of this nature and certain additional warranties by PPC in relation to ownership of the Trust Shares. 5. FINANCIAL INFORMATION The book value of the net assets of PPC SA Holdings as at 31 March 2023, being the date of the latest audited company financial statements of PPC SA Holdings, was R3.772 million. The net loss after tax of PPC SA Holdings for the financial year ended 31 March 2023 was R552,343. The book value of the net liabilities of Group Services as at 31 March 2023, amounted to R286 million and Group Services made a loss after tax of R20 million for the year ended 31 March 2023. The financial information on which the above is based, has been prepared in accordance with International Financial Reporting Standards. PPC will continue to consolidate 100% of PPC SA Holdings and the 2.5% of dividends received by qualifying employees (as detailed in paragraph 2 above) will be disclosed as an additional salary expense in the relevant South African legal entity. The gross debt of the consolidated South African operations will therefore not be affected by the Transaction. 6. CLASSIFICATION OF THE TRANSACTION The Transaction qualifies as a category 2 transaction in terms of the JSE Limited Listings Requirements. None of the Trust beneficiaries or trustees are related parties as defined in the JSE Listings Requirements. Sandton 7 August 2023 Sponsor and Corporate Advisor Questco Corporate Advisory Proprietary Limited Financial Communications Advisor: Instinctif Partners Louise Fortuin Mobile: +27 71 605 4294 Date: 07-08-2023 07:30:00 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.

Notice of Annual General Meeting and Publication of Integrated Annual Report 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”) NOTICE OF ANNUAL GENERAL MEETING AND PUBLICATION OF INTEGRATED ANNUAL REPORT Shareholders are advised that the Company’s integrated annual report (“IAR”) was published and that the Company’s notice of annual general meeting (“AGM”) was distributed to shareholders together with a copy of its summarised audited consolidated annual financial statements for the year ended 31 March 2023 today, 28 July 2023. Electronic copies of the IAR will be available on the Company´s website, at https://www.ppc.africa/investors-relations/reports/?t=year-end; and the notice of AGM will be available on the Company’s website, at https://www.ppc.africa/investors-relations/reports/?t=agm-notices as from today, 28 July 2023. Copies of the IAR and AGM notice may also be requested from the company secretary at kevin.ross@ppc.co.za. NOTICE OF AGM Notice is hereby given that the 131st AGM of the shareholders of the Company will be held physically, in person at the company’s offices, First floor, 5 Parks Boulevard, Oxford Parks, Dunkeld, Johannesburg, 2196, South Africa and virtually through electronic participation, at 12:00 on Wednesday, 6 September 2023, to consider and, if deemed fit, to pass with or without modification, all of the ordinary and special resolutions set out in the notice of AGM. The salient dates and times applicable to the 131st AGM, are set out below: 2023 Notice to attend PPC’s AGM on Friday, 28 July Record date to receive the notice of AGM Friday, 21 July Last day to trade to be recorded in the register to vote at the AGM Tuesday, 29 August Record date to be eligible to vote at the AGM (voting record date) Friday, 1 September Last day to lodge forms of proxy for the AGM by 12:00 Monday, 4 September AGM to be held at 12:00 Wednesday, 6 September Results of AGM released via stock exchange news service (SENS) on Wednesday, 6 September 1. The above dates and times are subject to amendment. Any such amendment will be released via SENS. 2. All times given are local times in South Africa. 3. Any forms of proxy not delivered to the meeting secretaries by 12:00 on Monday, 4 September 2023 may be emailed to proxy@computershare.co.za and will be handed to the chair of the AGM immediately before the appointed proxy exercises any of the shareholder’s rights at the AGM. Sandton 28 July 2023 Sponsor Questco Corporate Advisory Proprietary Limited Financial Communications Advisor: Instinctif Partners Louise Fortuin Mobile: +27 71 605 4294 Date: 28-07-2023 07:05:00 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.

Click below to view full PDF article https://senspdf.jse.co.za/documents/2023/jse/isse/ppc/FY2023.pdf Summarised Audited Consolidated Financial Statements for the Year Ended 31 March 2023 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 or the group) Short-form announcement summarised consolidated financial statements for the year ended, 31 March 2023 DRIVING PERFORMANCE TO SUSTAIN OUR PURPOSE Roland van Wijnen, CEO, said: Despite challenging times, I am pleased that we further reduced our debt and are in a strong financial position to weather the local economic cycle. Increased demand through an enhanced infrastructure programme and a stronger economic climate is required to enable us to more effectively utilise the capacity available in our primary market. We therefore remain hopeful that the South African government will roll out its infrastructure development plans and protect the local cement market through the introduction of blanket import tariffs. Strong cash dividends were received from both Zimbabwe and CIMERWA (Rwanda) during the period under review. PPC will start repurchasing up to R200 million worth of its own shares as a distribution to shareholders. I thank my colleagues for their commitment and hard work in ensuring our continued service to our valued customers as well as to each other. SNAPSHOT OF PERFORMANCE FROM CONTINUING OPERATIONS - Group revenue marginally up to R9 902 million (FY22: R9 882) on weak macro environment in South Africa - Group EBITDA margin reduced 1,4% points to 13,7% (FY22: 15,1%) as input inflation kept under control - Group HEPS loss of 8 cents (FY22: loss of 3 cents) - Group EPS loss of 16 cents (FY22: loss of 5 cents) A distribution of R200 million through a share repurchase programme was approved by the board as target leverage levels reached Group results excluding PPC Zimbabwe and Rwanda (SA obligor) - Revenue, excluding dividends increased 1% to R6 586 million (FY22: R6 501 million) - EBITDA margins declined to 8,7% (FY22: 11,8%) - Net debt for the SA obligor group improved by R263 million PPC Zimbabwe - Slower than anticipated recovery after planned kiln shutdown while market remains sound but hyperinflation materially impacts reported results - Dividends of R147 million (US$8,8 million) received by the group (FY22: R91 million or US$6,2 million) CIMERWA Rwanda - Volume growth of 1% in line with expectations but EBITDA still increased 31% and margins increased marginally to 29% - Inaugural dividend of R79 million (US$4,3 million) received by the group in March 2023 GROUP PERFORMANCE - CONTINUING OPERATIONS PPC continues to focus on sound capital allocation principles, maximising cash generation from its South African and Botswana businesses (the SA obligor group) and extracting cash from its investments in Zimbabwe and Rwanda (the International Businesses). Historically, dividends from Zimbabwe have contributed to the deleveraging of the group's South African balance sheet. However, in FY23, the SA obligor group has reached an optimal level of gearing that allows for the implementation of a new distribution policy. This policy is based on distributing an amount of cash so that the 12-month backward and expected 12-month forward SA obligor group gross debt to EBITDA is at a ratio of between 1.3 times to 1.5 times. A new distribution in the form of a share repurchase of up to R200 million was approved by the board. The SA obligor group revenue for the year ended 31 March 2023, excluding dividends from the International Businesses, increased by 1,31% to R6 586 million (March 2022: R6 501 million), driven primarily by the 1,7% increase in revenue in South Africa and Botswana Cement. While cement volumes remained under pressure, declining 5,8% on the prior year, average price increases of 8,0% over the period ensured revenue remained positive, albeit slightly (0,5%) negatively affected by adverse product mix. Including the impact of the International Businesses, which contributed 33% (March 2022: 34%), total group revenue was flat at R9 902 million (March 2022: R9 882 million). The 29% increase in revenue from CIMERWA (Rwanda) was more than offset by the reduced contribution of PPC Zimbabwe as reported sales in ZAR declined by 19%. Excluding the International Businesses' cost of sales and administration and other operating expenditure for both periods, such costs in the SA obligor group increased by 4% year-on-year. Including the International Businesses, cost of sales and administration and other operating expenditure was flat at R9 425 million (March 2022: R9 409 million). Zimbabwe's costs decreased by 23%, which more than offset CIMERWA's cost increases (in rand) of 26%. SA obligor group EBITDA, excluding dividends from the International Businesses, decreased by 26% to R570 million (March 2022: R768 million) and EBITDA margins declined to 8,7% (March 2022: 11,8%) as, notwithstanding sound cost containment measures implemented, cost increases remain higher than price increases implemented, resulting in compressed margins. Including the dividends received from the International Businesses, the SA obligor group's EBITDA amounted to R804 million (March 2022: R863 million), resulting in gross debt to EBITDA ratio of 1.2 times, thereby facilitating the R200 million distribution to shareholders. Including the EBITDA of the International Businesses, group EBITDA declined by 9% to R1 358 million (March 2022: R1 493 million). The 31% increase in CIMERWA's EBITDA was partially offset by a reduction in PPC Zimbabwe's contribution of 7%. Fair value and foreign exchange movements resulted in a gain of R69 million (March 2022: R2 million), mainly due to the significant depreciation of the Zimbabwean dollar against the United States dollar of 553% (March 2022: 69%) which resulted in foreign exchange gains on net monetary items. Impairments of R145 million (March 2022: R38 million) were taken during the year under review, the largest item being R84 million. This related to an impairment at group of a portion of the premium paid on the acquisition of CIMERWA. Of the R84 million, R42 million related to the impairment of goodwill. Finance costs decreased by 28% to R172 million (March 2022: R240 million), due to the successful de-gearing of the group with gross debt declining from R1 586 million in March 2022 to R1 189 million in March 2023. During the current year, the group realised a net profit of R23 million (March 2022: nil) from the disposal of the previously equity-accounted investment in Habesha. Notwithstanding group profit before tax declining to R93 million (March 2022: R186 million), taxation increased 17% to R242 million (March 2022: R207 million). The current year tax charge is significantly negatively impacted by non-cash items of R195 million (March 2022: R56 million). These non-cash items are primarily due to the SA obligor group not recognising deferred tax assets and PPC Zimbabwe hyperinflation impacts. Basic earnings per share (EPS) from continuing operations decreased from a loss of 5 cents to a loss of 16 cents. Headline earnings per share (HEPS) from continuing operations decreased from a loss of 3 cents to a loss of 8 cents. This is primarily due to the impact of the following: - Significant non-cash tax items in the current year of R195 million (March 2022: R56 million), relating primarily to hyperinflation accounting and deferred tax not recognised on losses - Lower earnings generation in the SA obligor group and PPC Zimbabwe - The positive impact of the strong CIMERWA performance not flowing fully to EPS and HEPS given the operations are 51% held by PPC. Consolidated net cash inflow before financing activities from continuing operations remains positive at R392 million (March 2022: R675 million) as cash generation remains a priority. Capital investment remained disciplined and reduced to R415 million (March 2022: R553 million). The reduction in spend was largely attributable to South Africa and Botswana Cement (R53 million reduction) and Zimbabwe (R69 million reduction). The SA obligor group's gross debt (excluding capitalised transaction costs) declined from R1 210 million at 31 March 2022 to R931 million at 31 March 2023 in accordance with the debt repayment terms. Unrestricted cash holdings at 31 March 2023 were R131 million (March 2022: R147 million), leaving net debt at R800 million (31 March 2022: R1 063 million). Zimbabwe is debt-free and had unrestricted cash holdings at 31 March 2023 of R118 million. The cash balance declined from R353 million at 30 September 2022 due to a dividend of US$5 million paid in November 2022 and lower US$ balances at the year-end with the cash holdings in ZWL depreciating significantly against the rand. Some 70% of PPC Zimbabwe's cash is held in hard currencies. CIMERWA's gross debt declined to R265 million (March 2022: R383 million). Cash also declined from R221 million at 31 March 2022 to R160 million at 31 March 2023, due to the dividend paid in March of R172 million. SOUTH AFRICA AND BOTSWANA CEMENT The coastal region continued to see good demand for cement and imports remained relatively muted. The growth in sales volumes in the coastal region was offset by continued weak trading conditions in the inland region, leaving overall cement sales volumes in South Africa and Botswana down 5,8% compared to the prior year. The coastal region saw an increase in cement volumes due to increased industrial construction activity and specific government projects as well as improved retail sales. Cement imports into the Western Cape remained low during the period due to global supply chain constraints and a weaker rand. There was a decline in demand in the larger inland region in both the retail and the construction segments, with the construction sector being supported to some extent by the building of distribution centres and housing estates. During the year under review, PPC continued to increase its selling prices on a bi-annual basis and achieved an average selling price increase of 8.0%. For the year ended 31 March 2023, PPC South Africa and Botswana Cement revenue increased by 1,7% to R5 509 million (March 2022: R5 415 million), marginally negatively affected by 0,5% due to adverse product mix. High input cost inflation was experienced during the year, with variable production costs per tonne increasing by some 14% compared to the prior period. Cost mitigation measures reduced the extent of the impact of the high input costs, with fixed administration and overhead costs decreasing by some 1,4% year-on-year. Overall, total costs increased by 4% compared to FY22. EBITDA decreased to R674 million (March 2022: R825 million) with a margin of 11,7% (March 2022: 14,5%) as selling price increases continued to lag cost increases. AGGREGATES, READYMIX AND ASH Readymix volumes decreased by 4%, while aggregates volumes decreased by 22% compared to the prior year. Fly ash sales volumes declined by 18%. Overall revenue for the materials division decreased by 1% to R1 077 million (March 2022: R1 086 million), due to the largest contributor to the materials business, readymix, experiencing relatively stable demand but an increase in selling prices which enabled its revenues to grow by 6%. Overall, the materials businesses incurred an EBITDA loss of R65 million (March 2022: R41 million profit). Measures were implemented prior to 31 March 2023 to restructure, in particular, the aggregates business to decrease absolute fixed costs and convert certain fixed costs to variable costs as part of the turnaround efforts for the overall materials businesses. INTERNATIONAL Zimbabwe The impact of the planned extended kiln shutdown in the first half of the year for special maintenance and the installation of the bag house and bucket elevator resulted in limited clinker production and ultimately restricted the volumes of cement sold. In addition, plant stoppages due to power interruptions negatively affected performance. Volumes year-on-year were down 16% despite robust cement demand from concrete product manufacturers and government-funded infrastructure projects. Government reduced the number of import licences in January 2023, which will support the recovery of PPC's market share. PPC Zimbabwe was able to implement US$ price increases to recover input cost inflation. Further, PPC Zimbabwe continued to generate adequate sales in foreign currency to sustain its operational requirements during the period and pay dividends. PPC received US$8,9 million in dividends during the year totalling R147 million net of withholding tax (compared to US$6,2 million in the prior year). Revenue decreased by 19% to R1 753 million (March 2022: R2 172 million). EBITDA declined by 7% to R365 million (March 2022: R393 million) in ZAR, but margins, due to price increases increased to 20,8% (March 2022: 18,1%). Rwanda CIMERWA's cement sales volumes increased by 1% for the full year, in line with expectations given the planned kiln shut down in November 2022. The regional demand remains strong as both the domestic and cement export markets, particularly in the eastern Democratic Republic of Congo, have shown growth in demand. While competition is on the increase, as new production capacity comes online in the region, CIMERWA is expected to remain in a strong position to benefit from the continued growth of cement demand in its core markets. Revenue for the twelve months ended 31 March 2023 increased by 29% to R1 563 million (March 2022: R1 209 million), assisted by the 9% depreciation of the rand. In local currency, revenue increased by 19%, mainly due to average price increases in local currency of 18% to offset cost inflation. EBITDA increased by 31% to R447 million (March 2022: R341 million) and EBITDA margins increased marginally to 28,6% (March 2022: 28,2%) as the contribution of premium quality product increased and CIMERWA's sales to the US$ priced regional market increased. LEADERSHIP Following an extensive search process, the board is in the final stages of appointing a suitable successor for Roland, whose employment contract was scheduled to come to an end on 31 August 2023. The board will communicate to the market in due course. To ensure an orderly handover, the board has agreed with Roland to extend his contract to 31 December 2023. OUTLOOK PPC will continue to focus its resources on Southern Africa while preserving its sound market position in Rwanda. The group has defined a series of value-accretive projects to reduce CO2 emissions and future proof the business. There is a need for further operational efficiencies and cost containment measures to mitigate rising input costs as the economic climate in its key South African market remains muted and competition remains high across the portfolio. Without a significant increase in infrastructure spending and South African gross domestic product, South Africa's cement demand is expected to remain subdued. PPC South Africa is well positioned to benefit from an increase in cement demand with additional capacity readily available to capture an upswing in demand without additional capital expenditure required. PPC Zimbabwe anticipates a continued recovery and the outlook for CIMERWA in Rwanda remains positive. Chairman Chief executive officer Chief financial officer PJ Moleketi R van Wijnen B Berlin Sandton 26 June 2023 Audit opinion The audited consolidated annual financial statements were audited by PwC, who expressed an unmodified audit opinion in terms of the International Standards on Auditing, highlighting key audit matters in their report. A copy of the auditor?s report on the audited consolidated annual financial statements is available on the following link: https://www.ppc.africa/investors-relations/reports/?t=final-results-reports. The auditor's report does not necessarily report on all of the information contained in this announcement, including the outlook. Shareholders are therefore advised that in order to obtain a full understanding of the nature of the auditor?s engagement they should obtain a copy of the auditor?s report together with the accompanying financial information from PPC?s website or registered office. SHORT-FORM ANNOUNCEMENT This short-form announcement of the 2023 AFS is extracted from the financial information in the 2023 AFS and the Summarised AFS and does not contain full or complete details. This short-form announcement is the responsibility of the board of directors of PPC. The information in this short-form announcement has been extracted from audited information but is not itself audited. Any investment decisions by investors and/shareholders should be based on a consideration of the Summarised AFS, as a whole, as published on SENS and the issuer's website as follows: PPC's' website: https://www.ppc.africa/investors-relations/reports?t=final-results-reports&y=2023 and JSE's website: https://senspdf.jse.co.za/documents/2023/jse/isse/PPC/FY2023.pdf Copies of the 2023 AFS, the Summarised AFS and the auditors unmodified audit opinion thereon are also available for inspection at the company's registered office (by appointment) and may be requested from the Company Secretary Kevin Ross at (Kevin.Ross@ppc.co.za) at no charge, during office hours. (A live and recorded video webcast of the results presentation will be held today at 11:00 am and can be accessed via this link: https://www.corpcam.com/PPC26062023) Registered office: 148 Katherine Street, Sandton, South Africa (PO Box 787416, Sandton, 2146, South Africa) DIRECTORS: PJ Moleketi (chair), R van Wijnen* (CEO), B Berlin (CFO), N Gobodo, BM Hansen**, K Maphisa, NL Mkhondo, CH Naude, D Smith, MR Thompson *Dutch **Danish Company secretary: KR Ross Sponsor: Questco Corporate Advisory (Pty) Ltd Financial Communications Advisor: Instinctif Partners, Louise Fortuin Mobile: +27 71 605 4294 Date: 26-06-2023 07:15:00 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.

Further Trading Statement for the Twelve Months ended 31 March 2023 PPC Limited (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” or “the group”) FURTHER TRADING STATEMENT FOR THE TWELVE MONTHS ENDED 31 MARCH 2023 Shareholders are referred to the trading statement and operational update for the year ended 31 March 2023 published on SENS on 15 June 2023 (the Trading Statement) and are advised that during the finalisation of its audited annual financial statements for the year ended 31 March 2023, a prior period error in the accounting treatment relating to the treatment of the DRC business, PPC Barnet, as a disposal group was discovered. Since 31 March 2021, PPC Barnet has been accounted for as a discontinued operation until 29 April 2022, whereupon it was deconsolidated and treated as an equity accounted investment. EPS and HEPS for continuing operations This has no effect on the expected earnings per share (EPS) and headline earnings per share (HEPS) for continuing operations, which were disclosed in the Trading Statement, and which are now as follows: Current Prior period period Actual Actual EPS (cents) 1 (16) (5) HEPS (cents) 1 (8) (3) 1 Brackets denote losses per share EPS and HEPS for the group, including discontinued operations There was also no impact on the HEPS for the group, including discontinued operations. The actual loss is 9 cents per share compared to the 13 cents per share loss in the prior period. The effect of the prior period error on EPS for the group, including discontinued operations is as follows: Current Prior period period Actual Restated EPS (cents) 1 (43) (4) 1 Brackets denote losses per share The financial information on which this trading statement is based is the responsibility of the directors of the company and has been audited and reported on by the group's independent external auditor, PwC. Full details of the groups’ performance will be contained in the group’s audited financial statements for the twelve months ended 31 March 2023, which will also be released on 26 June 2023. Sandton 26 June 2023 Sponsor Questco Corporate Advisory Proprietary Limited Financial Communications Advisor Instinctif Partners Louise Fortuin Mobile: +27 71 605 4294 Date: 26-06-2023 07:05:00 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.

Trading statement and operational update for the 12 months ended 31 March 2023 PPC Limited (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” or “the group”) TRADING STATEMENT AND OPERATIONAL UPDATE FOR THE TWELVE MONTHS ENDED 31 MARCH 2023 PPC is currently finalising its results for the twelve months ended 31 March 2023 (“the current period”). Roland van Wijnen, chief executive officer of PPC provides the following context: “Despite challenging times in our core South African market, I am pleased that we achieved positive cashflow generation, further reduced our debt and are in a strong financial position to weather the local economic cycle. Increased demand through an enhanced infrastructure investment program and a stronger economic climate is required to enable us to more effectively utilize the capacity available in our primary market. We therefore remain hopeful that the South African government will roll out its infrastructure development plans and protect the local cement market through the introduction of import tariffs to create a level playing field for domestic producers. Increased cash dividends were received from both Zimbabwe and CIMERWA (Rwanda) during the period under review.” SA obligor group The SA obligor group operationally comprises the South African and Botswana cement and materials businesses. The coastal region of the cement business continued to see relatively better demand for cement compared to the inland region and benefited from muted imports given the weaker rand over this period. However, trading conditions in the inland region remained difficult, resulting in overall cement volumes reducing by 5.8% compared to the year ended 31 March 2022 ("the prior period"). Positively, during the current period, PPC was able to continue to increase its selling prices on a bi-annual basis and achieved an average selling price increase of 8.0%. PPC South Africa and Botswana cement revenue increased by 1.7% during the current period. High input cost inflation remained a key feature requiring rigorous cost mitigation measures to cushion the impact of these high input costs. Overall, total costs increased by 4% compared to the prior period. The smaller materials business was challenged during the year due to difficult trading conditions, including high fixed costs while also being negatively impacted by loadshedding, particularly in the second half of the year. Volumes reduced across all its key business lines, readymix, fly ash and aggregates, resulting in an EBITDA loss of R65 million (March 2022: R41 million profit). Measures were implemented prior to 31 March 2023 to restructure, in particular, the aggregates business to decrease absolute fixed costs and convert certain fixed costs to variable costs as part of the turnaround efforts for the overall materials businesses. EBITDA for the SA obligor group, excluding the dividends received from Zimbabwe and Rwanda, declined to R570 million from R769 million (26%). EBITDA margin decreased from 11.8% in the prior period to 8.7%. The SA obligor group’s net debt reduced to R800 million (31 March 2022: R1 063 million), while gross debt (excluding capitalized transaction costs) declined from R1 210 million at 31 March 2022 to R931 million at 31 March 2023 in accordance with the debt repayment terms. The reduction in gross debt results in a gross debt to EBITDA ratio, including dividends from Rwanda and Zimbabwe, of 1.2 times. PPC Zimbabwe Volumes year-on-year were down 16% despite robust cement demand from concrete product manufacturers and government-funded infrastructure projects. This is due to the impact of the planned kiln shut down for maintenance which took place in the first half of the year, which negatively impacted the performance. In addition, plant stoppages due to power interruptions negatively affected performance in the second half. PPC Zimbabwe has gradually recovered market share lost over this period and is well positioned to deliver strong volume growth going forward. Revenue decreased by 19%, but PPC Zimbabwe was able to implement US$ price increases to cover input cost inflation and enhance margins. EBITDA declined by 7% to R365 million (March 2022: R393 million). PPC Zimbabwe is debt-free and had unrestricted cash holdings at 31 March 2023 of R118 million. PPC received US$8.8 million in dividends during the year, compared to US$6.2 million in the prior year. In rand terms, PPC received R147 million in the current year net of withholding taxes compared to R91 million in the prior period. CIMERWA (Rwanda) CIMERWA’s volumes increased by 1% for the current period, in line with expectations given the planned kiln shut down for maintenance in the second half. Revenue increased by 29% assisted in part by the 9% depreciation of the rand and strong price increases to offset cost inflation. EBITDA increased by 31% to R447 million (31 March 2022: R341 million). CIMERWA gross debt declined to R265 million (31 March 2022: R383 million). Cash declined from R221 million at 31 March 2022 to R160 million at 31 March 2023, due to the maiden dividend paid in March 2023 of R172 million. The dividend received by the SA obligor group, net of withholding taxes, amounted to R79 million. PPC CONSOLIDATED GROUP Shareholders are advised that PPC is satisfied that a reasonable degree of certainty exists that the expected earnings per share (“EPS”) and headline earning per share (“HEPS”) for the current period will differ by at least 20% from that for the previous corresponding period, being the twelve months ended 31 March 2022 and that a trading statement is required in terms of the JSE Limited Listings Requirements. This is primarily due to the reported EPS and HEPS numbers being impacted by: 1. Significant non-cash tax items in the current year of R195 million (31 March 2022: R56 million), relating primarily to hyperinflation accounting and deferred tax not recognised on losses. 2. Lower earnings generation in the SA obligor group and PPC Zimbabwe. 3. The positive impact of the strong CIMERWA performance not flowing fully to EPS and HEPS given the operations are only 51% held by PPC. PPC accounted for the PPC Barnet DRC business as a discontinued operations up to 29 April 2022, whereafter it was de-consolidated. EPS and HEPS for the group including discontinued operations: EPS for the group, including discontinued operations, for the current period is expected to be a loss of between 21.5 cents and 22.5 cents per share, compared to the 5.0 cents per share profit for the prior period. HEPS for the group, including discontinued operations, is expected to be a loss of between 8.0 cents per share and 10.5 cents per share, compared to the 13.0 cents per share loss in the prior period, being an improvement of between 38% and 19% respectively. The following EPS and HEPS for continuing operations are expected: Current period Prior period Expectation range Actual EPS (cents) 1 (15.50) to (16.50) (5) HEPS (cents) 1 (7.75) to (8.25) (3) 1 Brackets denote expected losses per share The financial information on which this trading statement is based is the responsibility of the directors of the company and has not been reviewed or reported on by the group's independent external auditor. Full details of the groups’ performance will be contained in the group’s audited financial statements for the twelve months ended 31 March 2023, which are expected to be released on or about 26 June 2023. Outlook PPC will continue to focus its resources on Southern Africa, which includes Zimbabwe, while preserving its sound market position in Rwanda. Further operational efficiencies and cost containment measures have been identified to mitigate rising input costs as the economic climate in its key South African market remains muted and competition remains high across the portfolio. PPC will continue to implement bi-annual price increases to achieve margin recovery. Without a significant increase in infrastructure spending and economic growth, South Africa’s cement demand is expected to remain subdued. PPC South Africa is well positioned to benefit from an increase in cement demand with additional capacity readily available to capture an upswing in demand without additional capital expenditure required. PPC Zimbabwe anticipates a continued recovery and the outlook for CIMERWA remains positive. PPC’s focus will continue to be on cash generation and capital allocation efficiency. With the South African gross debt to EBITDA ratio now at the targeted level, PPC intends to prioritise returning cash to shareholders through dividends or a share repurchase program in the absence of any value enhancing corporate activity. Sandton 15 June 2023 Sponsor Questco Corporate Advisory Proprietary Limited Financial Communications Advisor Instinctif Partners Louise Fortuin Mobile: +27 71 605 4294 Date: 15-06-2023 07:05:00 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.