PPK GROUP LIMITED — Capital/Financing Update 2014

Apr 22, 2014

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ASX ANNOUNCEMENT

FOR IMMEDIATE RELEASE TO THE MARKET

23 April 2014

PPK Group Limited – ASX Code: PPK

PPK completes acquisition of COALTRAM Mining Equipment Business

PPK Group Limited (PPK) is pleased to announce that the final outstanding condition precedent in relation to the COALTRAM Tomago manufacturing facility has been satisfied and accordingly, PPK has made payment of the previously withheld balance of purchase price of $3 million.

Executive Chairman, Robin Levison, stated:

"PPK's acquisition of the COALTRAM and Alternator businesses has been well received by customers, suppliers and existing staff. Whilst sales of COALTRAM are still restrained in the current capital constrained mining sector, the underlying servicing and spare parts supply business for COALTRAM units and other underground mining equipment supplied and serviced by PPK Mining Equipment Pty Ltd ( PPKME ) and PPK Alternators Pty Ltd ( PPKA ) is strong and has been boosted following PPK's acquisition and injection of working capital”.

PPKME's presence in the Hunter Valley mining district has also enhanced the supply and servicing prospects for the Group’s existing Rambor roof bolting equipment to Hunter Valley mine operators.

PPK remains confident in its medium term rotation strategy away from industrial property holdings in New South Wales and Victoria and towards a greater level of assets held in the wider mining services sector.

For further information contact:

Robin Levison Executive Chairman Tel: (02) 9241 7372

PPK GROUP LIMITED

ABN: 65 003 964 181

LEVEL 31, AUSTRALIA SQUARE, 264-278 GEORGE STREET, SYDNEY NSW 2000 PO BOX H18, AUSTRALIA SQUARE NSW 1215 TEL: +61 2 9241 7372