PAN - Pan African Resources Plc - Further Cautionary Announcement

PAN - Pan African Resources Plc - Further Cautionary Announcement               
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`)                                                                 
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Pan African shareholders (`Shareholders`) are referred to the cautionary        
announcements released by Pan African on Thursday, 17 November 2011, Thursday,  
29 December 2011 and Monday, 30 January 2012, and using the terms defined in the
previous announcements, are advised that the pro forma financial effects of the 
Transaction are still being determined, which may have a material effect on the 
price of Pan African shares. Accordingly, Shareholders are advised to continue  
to exercise caution when dealing in Pan African`s securities until a further    
announcement is made.                                                           
Johannesburg                                                                    
12 March 2012                                                                   
Lead Corporate Advisor, JSE Transaction Sponsor and JSE Sponsor to Pan          
African Resources plc                                                           
One Capital                                                                     
Enquiries                                                                       
South Africa                             UK                                     
Pan African Resources                    RBC Capital Markets                    
Jan Nelson, Chief Executive Officer      Martin Eales / James Kelly             
+27 (0) 11 243 2900                      +44 (0) 20 7653 4000                   


One Capital                              St James`s Corporate Services          
Sholto Simpson / Megan Young / Nicholas  Limited                                
Tyler                                    Phil Dexter                            
+27 (0) 11 550 5000                      +44 (0) 20 7499 3916                   
                                                                                
                                        Gable Communications                    
                                        Justine James                           
+44 (0) 20 7193 7463                    

For further information on Pan African, please visit the website at             
www.panafricanresources.com                                                     
Date: 12/03/2012 09:00:08 Supplied by www.sharenet.co.za                     
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