TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying Pan African Resources Plc Ord 1p
issuer
of existing shares to which voting rights ISIN: GB0004300496
are
attached: 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
specify):
3. Full name of person(s) subject to Investec Asset Management Ltd
the
notification obligation: iii
4. Full name of shareholder(s)
(if different from 3.):iv
5. Date of the transaction and date 08.10.09
on
which the threshold is crossed or
reached: v
6. Date on which issuer notified: 12.10.09
7. Threshold(s) that is/are crossed 10%
or
reached: vi, vii
135,690,299135,690,299
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 rights
if possible of of of shares rights x
using Shares Voting
the ISIN Rights Direct Direct Indirect Direct Indirect
CODE xi xii
Ordinary 1p 150,346,264 10.675%
GB0004300496
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
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:
14. Contact name: Ian Gartshore
15. Contact telephone number: 020 7597 1825