Sharenet Sites 
Sharenet Sites
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`) TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES Pan African received the following notification today, Thursday, 20 October 2011:- 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: ALLAN GRAY UNIT TRUST 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: 19 October 2011 6. Date on which issuer notified: 20 October 2011 7. Threshold(s) that is/are crossed or reached: 5% 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 97,039,417 97,039,417 GB0004300496 Resulting situation after the triggering transaction Number of Number of voting % of voting rights shares rights Direct Direct Indirect Direct Indirect 107,210,019 107,210,019 - 5.0006% - B. Financial Instruments Resulting situation after the triggering transaction 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 - - - - - Total (A+B+C) Number of voting rights % of voting rights 107,210,019 5.0006%% 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: 14. Contact name: - 15. Contact telephone number: - Annex: Notification of major interests in shares A: Identity of the persons or legal entity subject to the notification obligation Full name (including form of legal First National Bank - a division of entities) First Rand Bank Limited Contact address Bankcity, 3 First Place, 7th floor, (registered office for legal cnr Simmonds and Jeppe Streets, entities) Johannesburg 2000 Phone number & email +27 11 371 1051 Nelia.deBeer@fnb.co.za Other useful information Nelia de Beer (at least legal representative for legal persons) B: Identity of the notifier, if applicable Full name Nelia de Beer Contact address Bankcity, 3 First Place, 7th floor, cnr Simmonds and Jeppe Streets, Johannesburg 2000 Phone number & email +27 11 371 1051
Other useful information Trustee (e.g. functional relationship with the person or legal entity subject to the notification obligation) C: Additional information UNQUOTE For further information on Pan African, please visit the website at www.panafricanresources.com Johannesburg 20 October 2010 JSE Sponsor Macquarie First South Capital (Pty) Limited Enquiries: Pan African Resources Jan Nelson, Chief Executive Officer +27 (0) 11 243 2900 Nicole Spruijt, Public Relations +27 (0) 11 243 2900 RBC Capital Markets Martin Eales / James Kelly +44 (0) 20 7029 7881 Macquarie First South Capital (Pty) Limited Melanie de Nysschen / Annerie Britz / Yvette Labuschagne +27 (0) 11 583 2000 St James`s Corporate Services Limited Phil Dexter +44 (0) 20 7499 3916 Gable Communications Justine James +44 (0)20 7193 7463 Date: 20/10/2011 14:30:01 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.
