Sharenet Sites 
Sharenet Sites
TR-1: Standard form for notification of major holdings
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
(“the Company”)
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible)i
1a. Identity of the issuer or the underlying issuer
Pan African Resources Plc
of existing shares to which voting rights are at-
tachedii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Coronation Asset Management (Pty) Ltd acting as dis-
Name cretionary investment manager on behalf of managed
portfolios.
City and country of registered office (if applicable) Cape Town, South Africa
4. Full name of shareholder(s) (if different from 3.)v
Name N/A
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or
01/07/2019
reachedvi:
1
6. Date on which issuer notified (DD/MM/YYYY): 01/07/2019
7. Total positions of person(s) subject to the notification obligation
% of voting rights
% of voting rights at- Total number of
through financial instru- Total of both in %
tached to shares (to- voting rights of is-
ments (8.A + 8.B)
tal of 8. A) suervii
(total of 8.B 1 + 8.B 2)
Resulting situation
on the date on which
5.86% 5.86% 2 234 687 537
threshold was
crossed or reached
Position of previous
notification (if 6.96% 6.96%
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or
reachedviii
A: Voting rights attached to shares
Class/type of Number of voting rightsix % of voting rights
shares
ISIN code (if possible) Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.2.1) (DTR5.2.1)
GB0004300496 130 993 050 5.86%
SUBTOTAL 8. A 130 993 050 5.86%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Number of voting rights
Type of financial in- Expiration Exercise/ that may be acquired if
% of voting rights
strument datex Conversion Periodxi the instrument is
exercised/converted.
SUBTOTAL 8. B 1
2
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive
2004/109/EC (DTR5.3.1.1 (b))
Exercise/ Physical or
Type of financial Expiration Number of
Conversion Pe- cash % of voting rights
instrument datex voting rights
riod xi settlementxii
SUBTOTAL
8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv X
(please add additional rows as necessary)
% of voting rights
% of voting rights if it Total of both if it
through financial in-
equals or is higher equals or is higher
Namexv struments if it equals
than the notifiable than the notifiable
or is higher than the
threshold threshold
notifiable threshold
Coronation Fund Managers
Ltd
Coronation Investment
Management SA (Pty) Ltd
Coronation Asset Manage-
5.86% 5.86%
ment (Pty) Ltd
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
3
11. Additional informationxvi
Place of completion Cape Town, South Africa
Date of completion 01 July 2019
Annex: Notification of major holdings (to be filed with the FCA only)
A: Identity of the person subject to the notification obligation
Full name (including legal form for legal entities) Coronation Asset Management (Pty) Ltd
7th Floor, Montclare Place, Corner of Campground and
Contact address (registered office for legal entities)
Main Roads, Claremont, South Africa, 7708
E-Mail skemp@coronation.com
Phone number / Fax number +27 21 680 2000
Coronation Asset Management (Pty) Ltd as investment
Other useful information
manager acts on behalf of various clients holding PAN in
(at least legal representative for legal persons)
their portfolios
B: Identity of the notifier, if applicable
Full name Stephan Kemp
7th Floor, Montclare Place, Corner of Campground and
Contact address
Main Roads, Claremont, South Africa, 7708
E-Mail skemp@coronation.com
Phone number / Fax number +27 21 680 2000
Other useful information (e.g. functional relationship with
Compliance Officer at Coronation Asset Management
the person or legal entity subject to the notification obli-
(Pty) Ltd
gation)
4
C: Additional information
Please send the completed form together with this annex to the FCA at the following email
address: Majorshareholdings@fca.org.uk. Please send in Microsoft Word format if possible.
Rosebank
1 July 2019
Contact information
Corporate Office Registered Office
The Firs Office Building Suite 31
2nd Floor, Office 204 Second Floor
Cnr. Cradock and Biermann Avenues 107 Cheapside
Rosebank, Johannesburg London
South Africa EC2V 6DN
Office: + 27 (0) 11 243 2900 United Kingdom
Facsimile: + 27 (0) 11 880 1240 Office: + 44 (0) 207 796 8644
Facsimile: + 44 (0) 207 796 8645
Cobus Loots Deon Louw
Pan African Resources PLC Pan African Resources PLC
Chief Executive Officer Financial Director
Office: + 27 (0) 11 243 2900 Office: + 27 (0) 11 243 2900
Phil Dexter John Prior/Paul Gillam
St James's Corporate Services Limited Numis Securities Limited
Company Secretary Nominated Adviser and Joint Broker
Office: + 44 (0) 207 796 8644 Office: +44 (0) 20 7260 1000
Ciska Kloppers Ross Allister/James Bavister/David McKeown
Questco Corporate Advisory (Proprietary) Limited Peel Hunt LLP
JSE Sponsor Joint Broker
Office: + 27 (0) 11 011 9200 Office: +44 (0) 207 418 8900
Julian Gwillim Jeffrey Couch/Neil Haycock/Thomas Rider
Aprio Strategic Communications BMO Capital Markets Limited
Public & Investor Relations SA Joint Broker
Office: +27 (0)11 880 0037 Office: +44 (0) 207 236 1010
Bobby Morse and Chris Judd Website: www.panafricanresources.com
Buchanan
Public & Investor Relations UK
Office: +44 (0)20 7466 5000
paf@buchanan.uk.com
5
Date: 01/07/2019 11:00:00 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.
