TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying Pan African Resources Plc
issuer
of existing shares to which voting rights
are
attached: ii
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights Yes
An acquisition or disposal of qualifying financial instruments which No
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 No
to qualifying financial instruments
An event changing the breakdown of voting rights No
Other (please N/A
specify):
3. Full name of person(s) subject to Shanduka Gold (Proprietary) Limited
the
notification obligation: iii
4. Full name of shareholder(s) N/A
(if different from 3.):iv
5. Date of the transaction and date 25 August 2009
on
which the threshold is crossed or
reached: v
6. Date on which issuer notified: 3 September 2009
7. Threshold(s) that is/are crossed 26%
or
reached: vi, vii
00%
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
Number Number Number Number of voting % of voting
if possible of of of shares rights rights x
using Shares Voting
the ISIN Rights Direct Direct xi Indirect Direct Indirect
CODE xii
366 168 26%
585
Ordinary
shares of 1p
each
GB
0004300496
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period rights that may be rights
xiv acquired if 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 Expiration Exercise/ Number of voting % of voting
financial price date xvii Conversion rights instrument rights xix, xx
instrument period refers to
xviii
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
366 168 585 26%
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:
14. Contact name: Cobus Loots
15. Contact telephone number: +27 11 305 8900