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PAN - Pan African Resources Plc - 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`) Pan African received the following notification yesterday, Thursday, 11 February 2010:- QUOTE TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 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 Limited 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: 10 February 2010 6 Date on which issuer notified: 11 February 2010 7 Threshold(s) that is/are crossed or reached: 11% 8 Notified details: A. Voting rights attached to shares Class / type of shares if Situation previous to the Triggering possible using the ISIN CODE transaction Number of shares Number of voting rights
Ordinary shares of 1p each 153,898,928 153,898,928 GB0004300496 Resulting situation after the triggering transaction Number of Number of voting % of voting rights shares rights Direct Direct Indirect Direct Indirect - - 155,898,928 - 11.07% B. Qualifying Financial Instruments Type of Expiration Exercise / Number of % of voting financial date Conversion voting rights rights instrument Period / Date that may acquired if the instrument is exercised / converted
- - - - - C. Financial Instruments with similar economic effect to Qualifying Financial Instruments Type of Exercise Expiration Exercise Number of % of financial price date conversion voting voting instrument period rights rights instruments refers to
Nominal Delta - - - - - - - Total (A+B+C) Number of voting rights % of voting rights 155,898,928 11.07% 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: 020 7597 1825 UNQUOTE 12 February 2010 Sponsor: Macquarie First South Advisers (Pty) Limited For further information on Pan African, 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 Macquarie First South Advisers Melanie de Nysschen/Thembeka Mgoduso +27 (0) 11 583 2000 St James`s Corporate Services Limited Phil Dexter +44 (0) 20 7499 3916 Date: 12/02/2010 15:53:02 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.
