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PAN - Pan African - Holding in Company and Dealings by an Associate of a Non- Executive Director 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") HOLDING IN COMPANY AND DEALINGS BY AN ASSOCIATE OF A NON-EXECUTIVE DIRECTOR The Company was notified on Friday 30 March 2012 that Pangea Exploration (Pty) Ltd ("Pangea"), a private company of which Mr Rob Still is a director, had disposed of 1,530,612 ordinary shares of 1 pence each in the Company ("Shares") at ZAR1.96 per share for a total value of ZAR3,000,000. The shares were sold by Pangea in order to finance new business. Following this off market transaction, Pangea holds 1,793,796 Shares, representing 0.12% of the issued capital of the Company. Mr Still`s total direct, beneficial interest in Pan African remains unchanged at 2,000,000 Shares, representing 0.14% of the issued share capital of the Company as well as his total indirect, non-beneficial interest of 14,224,696 Shares representing 0.98% of the issued share capital of the Company. Mr Still did not receive any direct or indirect benefit from the above transaction. Johannesburg 30 March 2012 JSE Sponsor 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 / Limited Nicholas Tyler Phil Dexter +27 (0) 11 550 5000 +44 (0) 20 7499 3916 Vestor Investor Relations Gable Communications Louise Brugman Justine James +27 (0) 11 787 3015 +44 (0) 20 7193 7463 For further information on Pan African, please visit the website at www.panafricanresources.com Date: 30/03/2012 15:45:01 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.
