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PAN - Pan African Resources Plc - Listing of Manica as a Separate Entity to

Release Date: 19/08/2011 08:00
Code(s): PAN
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PAN - Pan African Resources Plc - Listing of Manica as a Separate Entity to Unlock Optimal Shareholder Value Pan African Resources PLC (`Pan African` or the `Company` or the `Group`) Incorporated and registered in England and Wales under Companies Act 1985 with the registered number: 3937466 on 25 February 2000 Share Code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 Listing of Manica as a Separate Entity to Unlock Optimal Shareholder Value On 22 June 2011, Pan African announced that it was exploring optimal ways to bring its Manica gold project located in Mozambique ("Manica Project") to account. The Company advises that a process to list its Manica Project as a separate entity on an appropriate international exchange ("Separate Listing"), has now commenced. Pan African believes that the Separate Listing will allow it to focus its capital and human resources on pursuing organic growth opportunities around the Company`s mining operations in South Africa. At the same time, a separate management team, which has been appointed by the Company, will have the financial flexibility and focus to grow the Manica Project. Pan African intends to retain an equity stake in the new listed entity. The Company made a presentation in respect of the Separate Listing to the Mozambican Minister of Mines in Maputo yesterday, 18 August 2011, which presentation is available for download from the Company`s website hosted at www.panafricanresources.com Pan African believes that the Separate Listing will unlock optimal value for its shareholders, and it will advise of progress made in respect of this process in due course. Johannesburg 19 August 2011 JSE Sponsor: Macquarie First South Advisers (Pty) Limited Enquiries: South Africa UK Pan African RBC Capital Markets Jan Nelson, Chief Executive Officer Martin Eales +27 (0) 11 243 2900 +44 (0) 20 7653 4000 Pan African St James`s Corporate Services Nicole Spruijt, Public Relations Limited +27 (0) 11 243 2900 Phil Dexter +44 (0) 20 7499 3916
Macquarie First South Capital (Pty) Ltd Gable Communications Yvette Labuschagne/Annerie Britz/ Justine James Melanie de Nysschen/ Yvette Labuschagne +44 (0)20 7193 7463 +27 (0) 11 583 2000 Date: 19/08/2011 08:00:12 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.

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