REG-Pan African Resources PLC: Holding(s) in Company <Origin Href="QuoteRef">PAFR.L</Origin> <Origin Href="QuoteRef">PANJ.J</Origin>

Pan African ResourcesAnnouncement

24/07/2015 09:40

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                                                      
                                                                                                                     
1. Identity of the issuer or the underlying issuer                          PAN AFRICAN RESOURCES Plc                
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 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 specify):                                                                                              
                                                                                                                     
3. Full name of person(s) subject to the            ALLAN GRAY UNIT TRUST MANAGEMENT (RF) PROPRIETARY LIMITED        
notification obligation: iii                                                                                         
                                                                                                                     
4. Full name of shareholder(s)                                                                                       
 (if different from 3.):iv                                                                                           
                                                                                                                     
5. Date of the transaction and date on                                                                   22 JULY 2015
which the threshold is crossed or                                                                                    
reached: v                                                                                                           
                                                                                                                     
6. Date on which issuer notified:                                                                        24 JULY 2015
                                                                                                                     
7. Threshold(s) that is/are crossed or                                                                             7%
reached: vi, vii                                                                                                     
                                                                                                                     
8. Notified details:                                                                                                 
                                                                                                                     
A: Voting rights attached to shares viii, ix                                                                         
                                                                                                                     
Class/type of   Situation previous            Resulting situation after the triggering transaction                   
shares          to the triggering                                                                                    
                transaction                                                                                          
if possible                                                                                                          
using           Number            Number      Number        Number of voting              % of  voting rights x      
the ISIN CODE   of                of          of shares     rights                                                   
                Shares            Voting                                                                             
                                  Rights      Direct        Direct xi   Indirect          Direct         Indirect    
                                                                        xii                                          
                                                                                                                     
 GB0004300496      128 163 539    128 163 539  128 260 139  128 260 139                      7.0030%                 
                                                                                                                     
B: Qualifying Financial Instruments                                                                                  
                                                                                                                     
Resulting situation after the triggering transaction                                                                 
                                                                                                                     
Type of financial           Expiration Exercise/                 Number of voting                    % of voting      
instrument                            Conversion Period xiv     rights that may be                  rights           
                            date                                acquired if the                                      
                            xiii                                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 financial     Exercise    Expiration Exercise/         Number of voting rights            % of voting rights    
instrument            price       date    Conversion period instrument refers to               xix, xx               
                                  xvii    xviii                                                                      
                                                                                                                     
                                                                                               Nominal       Delta   
                                                                                                                     
Total (A+B+C)                                                                                                        
                                                                                                                     
Number of voting rights                                 Percentage of voting rights                                  
                                                                                                                     
128 260 139                                             7.0030%                                                      
                                                                                                                     
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:                                       NELIA DE BEER                                                
                                                                                                                     
15. Contact telephone number:                           +27 87 736 1732                                              
                                                                                                                     



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