PAN - Pan African Resources plc - Issue of shares pursuant to exercise of share

PAN - Pan African Resources plc - Issue of shares pursuant to exercise of share 
options                                                                         
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`)                                                
ISSUE OF SHARES PURSUANT TO EXERCISE OF SHARE OPTIONS                           
The Company has issued and allotted 1,200,000 new ordinary shares pursuant to   
the exercise of share options.  Application will be made for the new shares to  
be admitted to trading on AIM and JSE Limited (`JSE`). Admission to trading on  
AIM and listing on JSE is expected to occur on Thursday, 10 June 2010.          
Following this issue the Company`s issued capital is 1,409,540,711 ordinary     
shares of 1p each.                                                              
Rosebank                                                                        
8 June 2010                                                                     
JSE Sponsor                                                                     
MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED                                    
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                         +27 (0) 11 583 2000                 
                                                                                
St James`s Corporate Services Limited                                           
Phil Dexter                                 +44 (0) 20 7499 3916                
                                                                                
Date: 08/06/2010 10:00:00 Supplied by www.sharenet.co.za                     
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