PAN - Pan African Resources PLC - Further cautionary announcement

PAN - Pan African Resources PLC - Further cautionary announcement               
Pan African Resources PLC                                                       
(`Pan African`)                                                                 
(Incorporated and registered in England and Wales under Companies Act 1985 with 
registered number 3937466 on 25 February 2000)                                  
Share code on AIM: PAF / JSE: PAN                                               
ISIN: GB0004300496                                                              
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, Monday, 30 January 2012 and Monday, 12 March 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 securities. Accordingly,          
Shareholders are advised to continue to exercise caution when dealing in Pan    
African`s securities until a further announcement is made.                      
Johannesburg                                                                    
26 April 2012                                                                   
Lead Corporate Advisor, JSE Transaction Sponsor and JSE Sponsor                 
One Capital                                                                     
Enquiries                                                                       
                                                                                
South Africa                    UK                                              
Pan African Resources           Canaccord Genuity Limited - Nomad               
Jan Nelson, Chief Executive     and Joint Broker                                
Officer                         John Prior / Sebastian Jones / Joe              
+27 (0) 11 243 2900             Weaving                                         
+44 (0) 20 7523 8350                             

                                                                                
One Capital                     finnCap Limited - Joint Broker                  
Sholto Simpson / Megan Young /  Elizabeth Johnson / Joanna Weaving              
Nicholas Tyler                  +44 (0) 20 7220 0500                            
+27 (0) 11 550 5000                                                             
Vestor Investor Relations       St James`s Corporate Services                   
Louise Brugman                  Limited                                         
+27 (0) 11 787 3015             Phil Dexter                                     
                               +44 (0) 20 7499 3916                             
                                                                                
                               Gable Communications                             
Justine James                                    

                               +44 (0) 20 7193 7463 / +44 (0)                   
                               7525 324431                                      
For further information on Pan African, please visit the website at             
www.panafricanresources.com                                                     
Date: 26/04/2012 08:30:06 Supplied by www.sharenet.co.za                     
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