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PAN - Pan African Resources Plc - 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) Share code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 ("Pan African" or "the Company") TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying Pan African Resources Plc 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 NO An acquisition or disposal of qualifying financial NO 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 NO economic effect to qualifying financial instruments An event changing the breakdown of voting rights NO Other (please Change in the Issue Share Capital YES specify): 3. Full name of person(s) subject to JPMorgan Asset Management Holdings the notification obligation: iii Inc. 4. Full name of shareholder(s) (if JPMorgan Asset Management (UK) different from 3.):iv Limited 5. Date of the transaction and date on 01 September 2009 which the threshold is crossed or reached: v 6. Date on which issuer notified: 11 September 2009 7. Threshold(s) that is/are crossed or 5% downwards reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix Class/type Situation previous Resulting situation after the triggering of shares to the triggering transaction if possible transaction using the ISIN CODE Number Number of Number of Number of voting % of voting
of Voting shares rights rights x Shares Rights Direct Direct Indirect Di- Ind- xi xii rect irect
GB0004300496 60,000, 60,000,000 60,000, 4.26% 000 000 B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of voting financial date xiii Conversion Period rights that may rights instrument xiv 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 Exerci Expiration Exercise/ Number of voting % of voting financial se date xvii Conversion rights rights xix, xx instrument price period instrument xviii refers to
Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 60,000,000 4.26% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi Total disclosable holding for JPMorgan Asset Management Holdings Inc.: 60,000,000 (4.26%) JPMorgan Asset Management (UK) Limited: 60,000,000 (4.26%) Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder N/A will cease to hold: 12. Date on which proxy holder will cease N/A to hold voting rights: 13. Additional information: N/A 14. Contact name: Miss Jay Supaya 15. Contact telephone number: 020 7325 4513 Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited Date: 14/09/2009 16:25:01 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.
