PAN AFRICAN RESOURCES PLC - Cautionary Announcement

Cautionary Announcement

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”)


CAUTIONARY ANNOUNCEMENT

The Company is pleased to announce that it has entered into exclusive negotiations with the joint
administrators of ASA Resource Group Plc (the “Group”) in relation to acquiring certain of the assets
and liabilities of the Group (“the Acquisition”), which if successfully concluded may have a material effect
on the price of the Company’s securities. Discussions are ongoing and as such there can be no certainty
the Acquisition will conclude.

Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities
until a full announcement has been made, or this cautionary has been withdrawn.

A further announcement will be made in due course.

29 January 2018



Contact information
Corporate Office                                               Registered Office
The Firs Office Building                                       Suite 31
1st Floor, Office 101                                          Second Floor
Cnr. Cradock and Biermann Avenues                              107 Cheapside
Rosebank, Johannesburg                                         London
South Africa                                                   EC2V 6DN
Office: + 27 (0) 11 243 2900                                   United Kingdom
Facsimile: + 27 (0) 11 880 1240                                Office: + 44 (0) 207 796 8644
                                                               Facsimile: + 44 (0) 207 796 8645

Cobus Loots                                                    Deon Louw
Pan African Resources PLC                                      Pan African Resources PLC
Chief Executive Officer                                        Financial Director
Office: + 27 (0) 11 243 2900                                   Office: + 27 (0) 11 243 2900

Phil Dexter                                                    John Prior / Paul Gillam
St James's Corporate Services Limited                          Numis Securities Limited
Company Secretary                                              Nominated Adviser, Joint Broker
Office: + 44 (0) 207 796 8644                                  Office: +44 (0) 20 7260 1000

Sholto Simpson                                                 Ross Allister / James Bavister
One Capital                                                    Peel Hunt LLP
JSE Sponsor                                                    Joint Broker
Office: + 27 (0) 11 550 5009                                   Office: +44 (0) 207 418 8900

Jeffrey Couch/Neil Haycock/Thomas Rider                        Bobby Morse/Chris Judd
BMO Capital Markets Limited                                    Buchanan Communications
Joint Broker                                                   Public & Investor Relations UK
Office: +44 (0) 207 236 1010                                   Office: + 44 (0) 207 466 5000

Julian Gwillim                                                 Gareth Driver/Huneiza Goolam
Aprio Strategic Communications                                 Webber Wentzel
Public & Investor Relations SA                                 Legal Advisers
Office: +27 (0)11 880 0037                                     Office: +27 (0) 11 530 5000

Questco Proprietary Limited
JSE Transaction Sponsor
Office: +27 (0) 11 011 9200

www.panafricanresources.com

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