ASX ANNOUNCEMENT FOR IMMEDIATE RELEASE TO THE MARKET PPK Group Limited - ASX Code: PPK Friday 13 January 2017 Market Update Seven Hills Property Sold

PPK Group Limited (PPK) is pleased to announce that its wholly owned subsidiary, Seven Hills Property Holdings Pty Ltd (SHPH) has entered into an unconditional agreement for the sale of its Seven Hills property for $7.875m. The sale is due to settle on 27 January 2017.

The sale proceeds will be applied to reduce debt facilities and for working capital purposes.

Proposed controlling share subscription

Further to the 24 November announcement, the company is continuing to make progress with a major state owned Chinese mining equipment manufacturer in respect of subscribing for a controlling equity interest in PPK.

Operating results

Further to the 24 November announcement, the company will continue to provide quarterly operating updates. The next update, including half year results, will be provided on or before 28 February 2017.

For further information contact:

Robin Levison Executive Chairman Tel: (07) 3054 4500 PPK GROUP LIMITED

ABN: 65 003 964 181

Level 27, 10 Eagle St, Brisbane QLD 4000

GPO Box 754, Brisbane Qld 4001

Tel: +61 7 3054 4500 Fax: +61 7 3054 4599

PPK Group Limited published this content on 13 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 January 2017 22:30:05 UTC.

Original documenthttp://www.ppkgroup.com.au/irm/PDF/1556_0/MarketUpdateSaleofSevenHillsProperty

Public permalinkhttp://www.publicnow.com/view/377A41D7A101AE7D2B91374F3CC291637AE9F137