PAN AFRICAN RESOURCES PLC - Appointment Of New Chief Executive Officer (Ceo) And Financial Director

Appointment Of New Chief Executive Officer (“Ceo”) And Financial Director

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”)


APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER (“CEO”) AND FINANCIAL DIRECTOR


Pan African shareholders (“Shareholders”) are advised that the Company has appointed Mr Ron
Holding, currently Pan African’s Interim Joint CEO, as a director and its CEO with immediate effect.
Mr Holding has been intricately involved with all Pan African’s operations since 2009 as Chief
Operating Officer, until his appointment as Joint Interim CEO in March this year. Mr Holding
commenced his mining career in 1973 with Gencor and has since occupied a number of senior
positions, with exposure to the various stages of developing and mining mineral deposits. In
addition to deep level gold mining, his vast experience includes the mining of platinum, diamonds
and copper.

Shareholders are further advised that Ms Busi Sitole has resigned as the Financial Director of Pan
African with effect from 30 September 2013, in order to focus on personal commitments. Mr Cobus
Loots will assume the role of Financial Director of the Company from 1 October 2013. Mr Loots, a
Pan African director since 2009, is currently the Managing Director of Shanduka Resources, which
position he will vacate. Mr Loots is a Chartered Accountant (SA) and also a CFA ® Charterholder. He
was also previously the Financial Director of Pan African.

Keith Spencer, Chairman of Pan African commented: “Ron’s in-depth knowledge of Pan African
Resources and its operations makes him the ideal fit. His experience positions him to effectively
further the Company’s strategy of being a low cost, high margin, precious metals producer,
particularly in light of our organic growth plans at Evander and Barberton Mines. Cobus has been a
board member for many years and the contribution of his expertise as Financial Director will be
highly beneficial to Pan African. On behalf of the board, I would like to thank Busi for her contribution
to the Company and we wish her the best in her future endeavours and the new addition to her
family.”

Johannesburg
9 September 2013

JSE Sponsor
One Capital

Enquiries

South Africa                                          UK

Pan African                                           Canaccord Genuity Limited – Nomad and Joint Broker

Ron Holding, 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


Mr Ronald Allan Holding (aged 61). Within the last 5 years, Ronald was previously a Director of the
following Fixtrade 429 (Pty) Ltd.

Ronald remains a Director of Sugar Creek Trading 35 (Pty) Ltd and the following subsidiaries within
the Pan African Resources PLC group:

Barberton Mines (Pty) Ltd
Phoenix Platinum Mining (Pty) Ltd
PT Sands (Pty) Ltd
Pan African Resources Funding Company (Pty) Ltd
Evander Gold Mining (Pty) Ltd
Evander Gold Mines Ltd
Evander Stone Holdings (Pty) Ltd
Evander Township Ltd
Evander Township Development Ltd
Clidet 790 (Pty) Ltd
Clidet 791 (Pty) Ltd
Emerald Panther Investments 91 (Pty) Ltd

Save as set out in this announcement, there are no further matters to be disclosed in accordance
with paragraph (g) of Schedule 2 of the AIM Rules for Companies.

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