2006 Director Elections - Results

15 December 2006

2006 Director Elections - Results

PPCS Limited Chairman Reese Hart declared the results of director elections at the Annual Meeting of the shareholders of PPCS Limited on 15 December 2006 in Dunedin. From the North Waitaki ward, Rupert Curd and Joe Ferraby have been re-elected to the Board of PPCS Limited.

From the South Waitaki ward, Eoin Garden has been re-elected and David Shaw elected to the Board of PPCS Limited. Lindsay Alderton ceases to be a director with David Shaw’s election to the Board.

PPCS is a 100 percent farmer-owned co-operative. Its Board currently comprises nine supplier directors elected from two wards - north and south of the Waitaki River - and two Board-appointed independent directors.

Background information on PPCS:

PPCS is a leading New Zealand added-value meat exporter, which has operated from its head office in Dunedin since 1948.

It is responsible for 32% of New Zealand’s sheep meat exports, 31% of beef exports and 58% of New Zealand’s venison exports.

PPCS owns 24 processing plants and employs about 9000 staff in the peak of the processing season.

It is a 100% farmer-owned co-operative with about 10,000 farmer suppliers.

It has an annual turnover of approximately $2 billion.

PPCS operates around a core belief: to market quality New Zealand consumer products to the world by meeting the requirements of the end user, and to retain the resulting profits in New Zealand.

PPCS has offices in the United Kingdom, France, Oman, Belgium, Germany, Hong Kong, Korea, Japan and the United States.

ENDS

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