PAN AFRICAN RESOURCES PLC - TR-1 Notification of major interest in shares

TR-1 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


Pan African received the following notification on Friday, 5 July 2013:

“1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
Pan African Resources Plc

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights: Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached: No
An acquisition or disposal of instruments with similar economic effect to qualifying financial
instruments: No
An event changing the breakdown of voting rights: No
Other (please specify): N/A

3. Full name of person(s) subject to the
notification obligation:
Investec Asset Management Ltd

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

5. Date of the transaction and date on
which the threshold is crossed or
reached:
4 July 2013

6. Date on which issuer notified:
5 July 2013

7. Threshold(s) that is/are crossed or
reached:
5%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares                         Situation previous to the triggering
if possible using the ISIN CODE              transaction
Ordinary 1P
GB0004300496

Number of Shares         Number of Voting Rights
93,251,966               93,251,966

Resulting situation after the triggering transaction
Number of         Number of voting                  % of voting
Shares            rights                            rights
Direct           Direct          Indirect         Direct          Indirect
N/A              N/A             88,130,156       N/A             4.83%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial         Expiration        Exercise/Conversion   Number of voting      % of
instrument                date              Period                rights that may be    voting
                                                                  acquired if the       rights
                                                                  instrument is
                                                                  exercised/converted
N/A                       N/A            N/A                      N/A                   N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial         Exercise          Expiration Exercise/     Number         % of
instrument                price             Date       Conversion    of voting      voting
                                                       Period        rights         rights
                                                                     instrument
                                                                     refers to
N/A                       N/A               N/A        N/A           N/A            N/A


Total (A+B+C)
Number of voting rights                  Percentage of voting rights
88,130,156                               4.83%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease
to hold:

N/A

12. Date on which proxy holder will cease to hold
voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Ian Gartshore

15. Contact telephone number:

Tel: +020 7597 1825
5 July 2013

JSE Sponsor
One Capital

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