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PAF - Pan African Resources plc - Holding in Company Pan African Resources plc (Incorporated and registered in England and Wales under Companies Act 1985 with registration number 3937466 on 25 February 2000) Share code on AIM: PAF ISIN: GB0004300496 Share code on JSE: PAN ("Pan African" or the "Company") Holding in Company The Company received notification on 6 September 2007 of a change in the notifiable interest of Pangea Exploration (Proprietary) Limited ("Pangea") in the ordinary shares of 1p each in the Company ("Shares"). On 5 September 2007, Pangea placed 20,000,000 shares at a price of 7.25p per share to an institutional shareholder in order to finance the tax liability arising on the 66,000,000 shares issued to Pangea. As a result of this, Pangea now retains 46,000,000 shares representing 4.29% of the issued share capital. For further information please contact: For further information on Pan African Resources plc, please visit the website at www.panafricanresources.com Enquiries: Pan African Resources Jan Nelson, CEO +27 (0) 11 777 7840 Nathan Steinberg +44 (0) 20 7845 7500 Nicole Stoyell, PR +27 (0) 11 777 7840 Ambrian Partners Limited Richard Brown +44 (0) 20 7776 6417 Richard Greenfield +44 (0) 20 7776 6418 Macquarie First South Corporate Finance (Pty) Limited Amanda Markman +27 (0) 11 343 2307 Done Hattingh +27 (0) 11 343 2308 Parkgreen Communications Justine Howarth +44 (0) 207 851 7480 London, United Kingdom 7 September 2007 Sponsor in South Africa Macquarie First South Corporate Finance (Pty) Ltd Date: 07/09/2007 15:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
