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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 today, Tuesday, 13 December 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 ISIN: GB0004300496 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: Investec Asset Management Ltd 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: 12 December 2011 6. Date on which issuer notified: 13 December 2011 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 GB0004300496 159,060,299 159,060,299 Resulting situation after the triggering transaction Number of Number of voting % of voting rights shares rights Direct Direct Indirect Direct Indirect - - 158,809,9 - 10.99% 00 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 158,809,900 10.99%% 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:
