Successful Disposal of Vacant Land by PPC Zimbabwe (Private) Limited
TransactionMaterial
In brief
PPC's 88% held subsidiary, PPC Zimbabwe, sold the 418-hectare Arlington Estate for US$27.0 million gross, yielding net proceeds of US$21.4 million. PPC received a net dividend of US$17.9 million (approximately R296.4 million) from the proceeds.
The announcement
Successful Disposal of Vacant Land by PPC Zimbabwe (Private) Limited PPC Ltd (Incorporated in the Republic of South Africa) JSE ISIN: ZAE000170049 JSE code: PPC ZSE code: PPC (“PPC” or “the Company” or “the Group”) SUCCESSFUL DISPOSAL OF VACANT LAND BY PPC ZIMBABWE (PRIVATE) LIMITED PPC is pleased to advise that the Company, through its 88% held subsidiary, PPC Zimbabwe (Private) Limited (“PPCZ”), has disposed the Arlington Estate, a vacant immovable property situated in the District of Harare, Zimbabwe, measuring approximately 418 hectares (the “Arlington Property”). The Arlington property was disposed of for a gross cash consideration of US$27.0 million (the “Disposal Consideration” and the “Disposal”), generating net proceeds of US$21.4 million after transaction-related costs and applicable taxes. Following the Disposal, PPCZ declared and paid a dividend of US$21.4 million. PPC’s 88% share of the dividend, net of applicable taxes, amounted to US$17.9 million (approximately R296.4 million at the prevailing US$/ZAR exchange rate). The Arlington Property does not contain any limestone deposits and PPCZ has no commercial use for the Arlington Property in its core cement producing business. Consequently, the Disposal is in the best interest of the Group. The purchaser of the Arlington Property is a privately held Zimbabwean company associated with property holdings in Zimbabwe and is not a related party to PPC. The Disposal falls below the category 2 threshold in terms of paragraph 8.4(a) of the JSE Listings Requirements. This announcement is therefore provided for information purposes only. Rosebank 27 October 2026 Sponsor Questco Corporate Advisory Proprietary Limited Date: 27/10/2026 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.