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PAN - Pan African Resources PLC - Tr-1: Notification of major interest in shares Pan African Resources PLC (`Pan African` or the `Company`) Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000 AIM: PAF/JSE: PAN ISIN: GB0004300496 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES Pan African received the following notification today, Thursday, 5 April 2012: "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: 04.04.12 6. Date on which issuer notified: 05.04.12 7. Threshold(s) that is/are crossed or reached: 10% 8. Notified details: A: Voting rights attached to shares Class/type of shares Situation previous to the triggering if possible using the ISIN CODE transaction Number of Shares Number of Voting Rights Ordinary 1p 144,915,627 144,915,627 GB0004300496 Resulting situation after the triggering transaction Number of Number of voting % of voting Shares rights rights Direct Direct Indirect Direct Indirect - - 143,442,427 - 9.93% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/Conversion Number of voting % of instrument date Period rights that may be voting acquired if the rights instrument is exercised/converted
- - - - - C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number % of instrument price Date Conversion of voting voting Period rights rights instrument
refers to - - - - - - Total (A+B+C) Number of voting rights Percentage of voting rights 143,442,427 9.93% 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: N/A 14. Contact name: Ian Gartshore 15. Contact telephone number: 020 7597 1825" 5 April 2012 JSE Sponsor One Capital Enquiries South Africa UK Pan African Resources Canaccord Genuity Limited Jan Nelson, Chief Executive John Prior / Sebastian Officer Jones +27 (0) 11 243 2900 +44 (0)20 7665 4500 One Capital St James`s Corporate Sholto Simpson / Megan Young / Services 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 finnCap Limited Elizabeth Johnson /
Joanna Weaving +44 (0) 20 7220 0500 Date: 05/04/2012 15:00:04 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.
