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TRADING STATEMENT
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
("Pan African" or the "Company")
Trading Statement FYE 30 June 2012
EPS expected to be more than 64% ahead of 2011
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is required
to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists
that the financial results for the period to be reported on next, will differ by at least 20 per cent from
those of the previous corresponding period.
Pan African is pleased to advise shareholders that its earnings per share (“EPS”) and headline
earnings per share (“HEPS”) for the financial year ended 30 June 2012, denominated in Pound
Sterling ("GBP"), are expected to be between 64 per cent and 74 per cent higher than the 1.20 pence
per share generated for the financial year ended 30 June 2011. EPS and HEPS calculated in South
African Rand ("ZAR"), using the average ZAR: GBP exchange rate of 12.27 that prevailed during the
year ended 30 June 2012, are expected to be between 82 per cent and 92 per cent higher than the
comparable period’s 13.31 cents per share at an average ZAR: GBP exchange rate of 11.11.
Jan Nelson, Chief Executive Officer of Pan African commented: “We are delighted with the
Company’s performance for our full year, one which delivered consistent production at Barberton, our
first platinum production at Phoenix, growth of our gold ounces with the Barberton tailings retreatment
plant and of course our successful bid for Harmony’s Evander gold project. We look forward to 2013
with great optimism, a year in which we anticipate doubling our gold production and continuing to
deliver growth for shareholders.”
The financial information contained in this trading statement has neither been reviewed nor reported
on by the Company`s auditors.
The results for the year ended 30 June 2012 are expected to be published during the week
commencing 24 September 2012.
Pan African is incorporated in England and Wales under Companies Act 1985 and accordingly its
presentation currency is GBP.
28 August 2012
Johannesburg
Sponsor
One Capital
Enquiries
South Africa UK
Pan African Resources Canaccord Genuity Limited – Nomad and Joint Broker
Jan Nelson, Chief Executive Officer John Prior / Sebastian Jones / Joe Weaving
+27 (0) 11 243 2900 +44 (0) 20 7523 8350
One Capital finnCap Limited – Joint Broker
Sholto Simpson / Megan Young / Nicholas Tyler Elizabeth Johnson / Joanna Weaving
+27 (0) 11 550 5000 +44 (0) 20 7220 0500
Vestor Investor Relations St James’s Corporate Services Limited
Louise Brugman Phil Dexter
+27 (0) 11 787 3015 +44 (0) 20 7499 3916
Gable Communications
Justine James
+44 (0) 20 7193 7463 / +44 (0) 7525 324431
For further information on Pan African, please visit the website at www.panafricanresources.com
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