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Mon 19 Oct 2009, 17:00 PAN - Pan African Resources Plc - Notification of major interest in shares
PAN
PAN                                                                             
PAN - Pan African Resources Plc - Notification of major interest in shares      
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                                                              
("Pan African" or "the Company")                                                
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                 
                                                                                
1. Identity of the issuer or the        Pan African Resources Plc Ord 1p        
underlying issuer of existing shares                                            
to which voting rights are attached:    ISIN: GB0004300496                      
ii                                                                              
2 Reason for the notification (please tick the appropriate box or               
boxes):                                                                         
An acquisition or disposal of voting rights                       X             
An acquisition or disposal of qualifying financial instruments                  
which may result in the acquisition of shares already issued to                 
which voting rights are attached                                                
An acquisition or disposal of instruments with similar economic                 
effect to qualifying financial instruments                                      
An event changing the breakdown of voting rights                                
Other (please   Change in the Issue Share Capital                               
pecify):                                                                        
3. Full name of person(s) subject  Investec Asset Management Ltd                
to the notification obligation:                                                 
iii                                                                             
4. Full name of shareholder(s)                                                  
(if different from 3.):iv                                                       
                                  08.10.09                                      
5. Date of the transaction and                                                  
date on which the threshold is                                                  
crossed or reached: v                                                           
                                  12.10.09                                      
6. Date on which issuer notified:                                               
                                  10%                                           
7. Threshold(s) that is/are                                                     
crossed or reached: vi, vii                                                     
8. Notified details:                                                            
A: Voting rights attached to shares viii, ix                                    
Class/type   Situation         Resulting situation after the triggering         
of shares    previous to the   transaction                                      
if possible triggering                                                          
using the    transaction                                                        
ISIN CODE                                                                       
            Number   Number   Number   Number of voting   % of  voting          
of       of       of       rights             rights x              
            Shares   Voting   shares                                            
                     Rights                                                     
                                       Direct   Indirect  Direct   Indirect     
Direct   xi       xii                             
                                                                                
Ordinary 1p  135,690  135,690                    150,346,           10.675%     
            ,299     ,299                       264                             
GB0004300496                                                                    
B: Qualifying Financial Instruments                                             
Resulting situation after the triggering transaction                            
Type of          Expirat  Exercise/       Number of voting  % of voting         
financial        ion      Conversion      rights that may   rights              
instrument       date     Period xiv      be acquired if                        
                xiii                     the instrument                         
                                         is exercised/                          
converted.                             
                                                                                
C: Financial Instruments with similar economic effect to Qualifying             
Financial Instruments xv, xvi                                                   
Resulting situation after the triggering transaction                            
Type of     Exercise  Expira  Exercise  Number of voting  % of voting rights    
financial   price     tion    /         rights            xix, xx               
instrument            date    Conversi  instrument                              
xvii    on        refers to                                
                             period                                             
                             xviii                                              
                                                         Nomina  Delta          
l                      
                                                                                
Total (A+B+C)                                                                   
Number of voting rights             Percentage of voting rights                 
150,346,264                         10.675%                                     
9. Chain of controlled undertakings through which the voting rights             
and/or the financial instruments are effectively held, if applicable:           
xxi                                                                             
Proxy Voting:                                                                   
                                                                                
10. Name of the proxy holder:                                                   
                                                                                
11. Number of voting rights proxy holder                                        
will cease to hold:                                                             
                                                                                
12. Date on which proxy holder will cease to                                    
hold voting rights:                                                             
                                                                                
13. Additional information:                                                     
                                   Ian Gartshore                                
14. Contact name:                                                               
15. Contact telephone number:       020 7597 1825                               
Sponsor                                                                         
Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited                   
Date: 19/10/2009 17:00:01 Produced by the JSE SENS Department.                  
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