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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 Pan African received the following notification yesterday, Wednesday, 24 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 Ord 1p ISIN: GB0004300496 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 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 (Yes) - 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: ovember 2010 6.Date on which issuer notified: ovember 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 157,296,980 157,296,980 GB0004300496 Resulting situation after the triggering transaction Number of Number of voting % of voting rights shares rights Direct Direct Indirect Direct Indirect - - 157,296,980 - 10.96% 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 voting financial price date conversion voting rights instrument period rights instruments refers to
Nominal Delta - - - - - - - Total (A+B+C) Number of voting rights % of voting rights 157,296,980 10.96% 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: The change in percentage voting rights is due to Pan African Resources issuing 14,499,711 additional shares on 17 November 2010. As a result, our percentage voting rights decreased from 11.08% to 10.96% 14.Contact name: Ian Gartshore 15.Contact telephone number: 020 7597 1825 UNQUOTE For further information on Pan African, please visit the website at www.panafricanresources.com Enquiries South Africa UK Pan African RBC Capital Markets Jan Nelson, Chief Executive Officer Martin Eales / Brett Jacobs +27 (0) 11 243 2900 +44 (0) 20 7653 4000
Macquarie First South Advisers (Pty) Ltd St James`s Corporate Services Melanie de Nysschen / Yvette Labuschagne/ Limited Annerie Britz Phil Dexter +27 (0) 11 583 2000 +44 (0) 20 7499 3916 Vestor Media & Investor Relations Hansard Communications Louise Brugman Justine James +27 (0) 11 787 3015 +44 (0) 20 7245 1100 / +44 (0) 7525 324431 Rosebank 25 November 2010 JSE Sponsor Macquarie First South Advisers (Pty) Limited Date: 25/11/2010 15:31:01 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.
