PAN AFRICAN RESOURCES PLC - Pan African Successfully Concludes Wage Negotiations At Its Evander Operation

Pan African Successfully Concludes Wage Negotiations At Its Evander Operation

Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered
number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
("Pan African" or “the Company”)


PAN AFRICAN SUCCESSFULLY CONCLUDES WAGE NEGOTIATIONS AT ITS EVANDER OPERATION


Pan African shareholders are hereby informed that the Company has, under the auspices of the
Chamber of Mines, successfully concluded a two year agreement with the National Union of
Mineworkers (“NUM”) and the United Association of South Africa (“UASA”) on wages and other
conditions of employment for employees at its Evander Gold Mines Limited operation (“Evander”)
for the financial years ending 30 June 2014 and 2015.

The average Evander wage bill increase for these two years will amount to approximately 8% per
annum for both unions and is effective from 1 July 2013.

At Pan African’s Barberton Mines (Pty) Limited operation, which is not part of the Chamber of Mines,
negotiations regarding wages and other conditions of employment with NUM and UASA are
ongoing.

Johannesburg
4 September 2013

JSE Sponsor
One Capital

Enquiries

South Africa                                         UK

Pan African                                          Canaccord Genuity Limited – Nomad and Joint Broker

Ron Holding, Joint Interim Chief Executive Officer   Andrew Chubb/ Peter Stewart/ Joe Weaving

+27 (0) 11 243 2900                                  +44 (0) 20 7523 8350



One Capital – Sponsor                                finnCap Limited – Joint Broker

Sholto Simpson / Liezl Geldenhuys                    Elizabeth Johnson / Joanna Weaving

27 (0) 11 550 5000                                   +44 (0) 20 7220 0500



Vestor Investor Relations                            St James’s Corporate Services Limited

Louise Brugman                                       Phil Dexter

+27 (0) 11 787 3015                                  +44 (0) 20 7796 8647
                                                     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

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