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')
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement released on Thursday, 26 November 2009
and in terms of the Listings Requirements of JSE Limited, shareholders are
advised that the discussions in respect of a possible transaction are still in
progress. If successfully concluded, the outcome of the discussions may have a
material effect on the price of the company's securities. Shareholders are
accordingly advised to continue exercising caution when dealing in the
company's securities until a full announcement in respect of the possible
transaction is made.
Rosebank
7 January 2010
JSE Sponsor
MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED
For further information on Pan African, please visit the website at
www.panafricanresources.com
ENQUIRIES
Pan African Resources
Jan Nelson (CEO) +27 (0) 11 243 2900
Nicole Spruijt (Public Relations) +27 (0) 11 243 2900
RBC Capital Markets
Martin Eales +44 (0) 20 7029 7881
Macquarie First South Advisers
Melanie de Nysschen/Thembeka Mgoduso +27 (0) 11 583 2000
St James's Corporate Services Limited
Phil Dexter +44 (0) 20 7499 3916
Vestor
Louise Brugman +27 (0) 83 504 1186