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PAN - Pan African Resources plc - Regulatory Announcement 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 Regulatory Announcement For filings with the FSA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the Pan African Resources Plc underlying issuer of existing shares to which voting rights are attached: ii 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 No 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 No effect to qualifying financial instruments An event changing the breakdown of voting rights No Other (please N/A specify): 3. Full name of person(s) subject Shanduka Gold (Proprietary) Limited to the notification obligation: iii 4. Full name of shareholder(s) N/A (if different from 3.):iv 5. Date of the transaction and 25 August 2009 date on which the threshold is crossed or reached: v 6. Date on which issuer notified: 3 September 2009 7. Threshold(s) that is/are 26% crossed or reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix Class/type Situation Resulting situation after the triggering of shares previous to the transaction if possible triggering using the transaction ISIN CODE Number Number Number Number of voting % of voting
of of of rights rights x Shares Voting shares Rights Direct Direct xi Indi Direct Indirect
rect xii 0 0% 366 168 585 26% Ordinary shares of 1p each GB 0004300496 B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of % of voting financial date xiii Conversion Period voting rights rights instrument xiv 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 Expirati Exercise/ Number of % of voting financial price on date Conversio voting rights xix, xx instrument xvii n period rights xviii instrument refers to Nominal Delta
Total (A+B+C) Number of voting rights Percentage of voting rights 366 168 585 26% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: Cobus Loots 15. Contact telephone number: +27 11 305 8900 Johannesburg 3 September 2009 JSE Sponsor Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited 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) 11 243 2900 Nicole Spruijt, Public Relations +27 (0) 11 243 2900 RBC Capital Markets Martin Eales +44 (0) 20 7029 7881 Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited Natalie Di-Sante +27 (0) 11 750 0207 Sholto Simpson +27 (0) 11 750 0213 St James`s Corporate Services Limited Phil Dexter +44 (0) 20 7499 3916 FD Beachhead Media & Investor Relations Jennifer Cohen +27 (0) 11 214 2401 Louise Brugman +27 (0) 11 214 2415 +27 (0) 83 504 1186 Date: 03/09/2009 14:07:01 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.
