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Results of Annual General Meeting and Change to the Board of Directors
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 and Change to the Board of Directors
1. 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 25 July 2025 and tabled at the Company's AGM held on Wednesday,
3 September 2025, 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 1,467,703,786
and the total number of Shares present at the AGM in person or by proxy was 1,155,629,599, representing
78.74% of the total Shares that could have voted.
Resolutions proposed Number of Shares Percentage Percentage Percentage Percentage
voted Shares For** Against** Abstained*
voted*
Ordinary Resolutions:
Ordinary Resolution 1 – Re- 1,154,604,405 78.67% 96.85% 3.15% 0.07%
election of BM Hansen
Ordinary Resolution 2.1 – 1,154,604,405 78.67% 96.85% 3.15% 0.07%
Appointment to audit, risk and
compliance committee – MR
Thompson
Ordinary Resolution 2.2 – 1,154,604,405 78.67% 90.48% 9.52% 0.07%
Appointment to audit, risk and
compliance committee – N
Mkhondo
Ordinary Resolution 2.3 – 1,154,604,405 78.67% 96.65% 3.35% 0.07%
Appointment to audit, risk and
compliance committee – N
Gobodo
Ordinary Resolution 3.1 – 1,154,604,405 78.67% 96.13% 3.87% 0.07%
Appointment to social, ethics
and transformation committee
– N Gobodo
Ordinary Resolution 3.2 – 1,154,604,405 78.67% 95.96% 4.04% 0.07%
Appointment to social, ethics
and transformation committee
– PJ Moleketi
Ordinary Resolution 3.3 – 1,154,604,405 78.67% 96.84% 3.16% 0.07%
Appointment to social, ethics
and transformation committee
– K Maphisa
Ordinary Resolution 3.4 – 1,154,604,405 78.67% 96.85% 3.15% 0.07%
Appointment to social, ethics
and transformation committee
– BM Hansen
Ordinary Resolution 3.5 – 1,154,604,405 78.67% 96.85% 3.15% 0.07%
Appointment to social, ethics
and transformation committee
– SM Cardarelli
Ordinary Resolution 4 – 1,154,604,405 78.67% 100.00% 0.00% 0.07%
Appointment of external
auditor
PriceWaterhouseCoopers Inc
(PwC)
Ordinary Resolution 5.1 – Non- 1,154,604,405 78.67% 88.42% 11.58% 0.07%
binding advisory vote –
remuneration policy
Ordinary Resolution 5.2 – Non- 1,154,604,405 78.67% 93.96% 6.04% 0.07%
binding advisory vote –
remuneration implementation
report
Ordinary Resolution 6 – 1,154,604,405 78.67% 100.00% 0.00% 0.07%
Authority to implement
resolutions
Special Resolutions:
Special Resolutions 1.1 – 1,154,603,005 78.67% 99.34% 0.66% 0.07%
Financial Assistance – Section
44
Special Resolutions 1.2 – 1,154,603,005 78.67% 96.34% 3.66% 0.07%
Financial Assistance – Section
45
Special Resolution 2.1 – 1,154,603,005 78.67% 96.15% 3.85% 0.07%
Remuneration – Board
chairman
Special Resolution 2.2 – 1,154,603,005 78.67% 99.27% 0.73% 0.07%
Remuneration – Non-executive
directors
Special Resolution 2.3 – Audit, 1,154,603,005 78.67% 99.28% 0.72% 0.07%
risk and compliance committee
chairman
Special Resolution 2.4 – Audit, 1,154,603,005 78.67% 99.28% 0.72% 0.07%
risk and compliance committee
– Members
Special Resolution 2.5 – Social, 1,154,603,005 78.67% 99.28% 0.72% 0.07%
ethics and transformation
committee – Chairman
Special Resolution 2.6 – Social, 1,154,603,005 78.67% 99.28% 0.72% 0.07%
ethics and transformation
committee – Members
Special Resolution 2.7 – Reward 1,154,603,005 78.67% 99.28% 0.72% 0.07%
and talent committee –
Chairman
Special Resolution 2.8 – Reward 1,154,603,005 78.67% 99.28% 0.72% 0.07%
and talent committee –
Members
Special Resolution 2.9 – 1,154,603,005 78.67% 99.28% 0.72% 0.07%
Investment committee –
Chairman
Special Resolution 2.10 – 1,154,603,005 78.67% 99.28% 0.72% 0.07%
Investment committee –
Members
Special Resolution 2.11 – 1,154,603,005 78.67% 96.87% 3.13% 0.07%
Special meetings – Chairman
Special Resolution 2.12 – 1,154,603,005 78.67% 96.87% 3.13% 0.07%
Special meetings – Members
Special Resolution 3 – General 1,141,743,541 78.67% 98.89% 1.11% 0.07%
authority to repurchase shares
* As a percentage to the total number of votable PPC ordinary shares in issue, being 1,467,703,786
** As a percentage to the total number of shares voted at the AGM, being 1,155,629,599,
2. Change to the Board of Directors ("Board")
In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, the Board advises Shareholders
that Mr CH Naude, has elected not to stand for re-election as a non-executive director at the AGM and
consequently retires by rotation, with effect from 3 September 2025, from the Board and as the chairman of the
investment committee and as a member of the reward and talent committee.
The Board extends its appreciation and sincere thanks to Mr Naude for his valuable contribution to the Company
and wishes him well in all his future endeavours.
Dunkeld
3 September 2025
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 03-09-2025 05:15:00
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