PAN - Pan African Resources plc - Trading Update

PAN - Pan African Resources plc - Trading Update                                
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`)                                                
TRADING UPDATE                                                                  
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, a     
listed company is required to publish a trading statement as soon as it is      
satisfied that a reasonable degree of certainty exists that the financial       
results for the period to be reported on next, will differ by at least 20 per   
cent from those of the previous corresponding period.                           
The company advises shareholders as follows:                                    
As a UK incorporated company Pan African`s reporting currency is Great British  
Pounds ("GBP").  Earnings per share for the financial year ending 30 June 2010, 
denominated in GBP, is expected to be between 148 per cent and 158 per cent     
higher than those for the previous corresponding period (2009: 0.4 pence per    
share).  Earnings per share, calculated in South African Rand ("ZAR"), using the
average ZAR:GBP exchange rate of ZAR:GBP 12.01: 1 that has prevailed year to    
date during the current financial year (2009 average exchange rate of ZAR:GBP   
14.39: 1), is expected to be between 106 per cent and 116 per cent higher than  
those for the previous corresponding period (2009: 5.74 cents per share).       
Headline earnings per share for the financial year ending 30 June 2010,         
denominated in GBP, is expected to be between 16 per cent and 26 per cent higher
than those for the previous corresponding period (2009: 0.85 pence per share).  
Headline earnings calculated in ZAR is not expected to differ by more than 10   
per cent from those for the financial year ending 30 June 2009 (2009: 12.28     
cents per share).                                                               
The financial information for the financial year ending 30 June 2010 and        
contained in this trading update has neither been reviewed nor reported on by   
the company`s auditors.  It is anticipated that the company`s audited results   
for the financial year ending 30 June 2010 will be released on 31 August 2010.  
For further information on Pan African Resources plc, please visit the website  
at www.panafricanresources.com                                                  
Rosebank                                                                        
28 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 /Brett Jacobs                  +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: 28/06/2010 08:00:01 Supplied by www.sharenet.co.za                     
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