PAN AFRICAN RESOURCES PLC - Notification Of Major Interest In Shares

Notification Of Major Interest In Shares

Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act
1985 with registered number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
("Pan African" or “the Company”)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the
underlying issuer of existing shares to which voting                Pan African Resources Plc
rights are attached:
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights                                        X
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):

3. Full name of person(s) subject
                                    Prudential Portfolio Managers (South 
to the
                                    Africa) (Pty) Limited
notification obligation:


4. Full name of shareholder(s)
 (if different from 3.):

5. Date of the transaction and
date on
                                    25 April 2013
which the threshold is crossed or
reached:
6. Date on which issuer notified:   06 November 2013
7. Threshold(s) that is/are
crossed or                          5%
reached:
8. Notified details:
A: Voting rights attached to shares
Class/type     Situation         Resulting situation after the triggering
of             previous          transaction
shares         to the
               triggering
if possible    transaction
using          Number   Number   Number   Number of voting    % of voting
the ISIN       of       of       of       rights              rights
CODE           Shares   Voting   shares
                        Rights                                         
                                 Direct   Direct   Indirect   Direct   Indirect
                                                                       
               Below    Below    92,085   92,085
GB0004300496                                       0          5.03%    0
               5%       5%       ,446     ,446

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of        Expiration   Exercise/        Number of          % of voting
financial      date         Conversion       voting             rights
instrument                  Period           rights that may
                                             be
                                             acquired if the
                                             instrument is
                                             exercised/
                                             converted.




C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of        Exercise Expiration   Exercise   Number of      % of voting
financial      price    date         /          voting         rights
instrument                           Conversi   rights
                                     on         instrument
                                     period     refers to

                                                               Nominal     Delta

Total (A+B+C)
Number of voting rights             Percentage of voting rights
92,085,446                          5.03%
9. Chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held, if applicable:

Prudential Portfolio Managers (South Africa) (Pty) Limited




Proxy Voting:
10. Name of the proxy holder:                    N/A
11. Number of voting rights proxy holder
will cease                                       N/A
to hold:
12. Date on which proxy holder will cease to
hold                                             N/A
voting rights:



13. Additional information:         Our current total position is
                                    110,425,505 (6.04%) as at
                                    05 November 2013.

14. Contact name:                   James Todd     / Mark Thomas


15. Contact telephone number:       020 7548 2293 / 020 7548 3266

7 November 2013

Sponsor
One Capital

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