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

Pan African ResourcesAnnouncement

11/11/2015 13:20

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                                                   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                                                                                       
specify):                                                                                           
                                                                                                    
3. Full name of person(s) subject to the                       Coronation Asset Management (Pty) Ltd
notification obligation: iii                                                                        
                                                                                                    
4. Full name of shareholder(s)                                                                      
 (if different from 3.):iv                                                                          
                                                                                                    
5. Date of the transaction and date on                                              11 November 2015
which the threshold is crossed or                                                                   
reached: v                                                                                          
                                                                                                    
6. Date on which issuer notified:                                                   11 November 2015
                                                                                                    
7. Threshold(s) that is/are crossed or                                                     3% and 4%
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     75 351 508   75 351 508   54 351 508    54 351 508           2.97%                   
                                                                                                      
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 xiv   rights that may be       rights            
                                                           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 financial Exercise    Expiration  Exercise/      Number of voting rights % of voting rights   
instrument        price       date xvii   Conversion     instrument refers to    xix, xx              
                                          period xviii                                                
                                                                                                      
                                                                                 Nominal      Delta   
                                                                                                      
Total (A+B+C)                                                                                         
                                                                                                      
Number of voting rights                           Percentage of voting rights                         
                                                                                                      
54 351 508                                        2.97%                                               
                                                                                                      

   

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:                              Coronation Asset Management (Pty)
                                                                                         Ltd
                                                                                            
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:                                                               Beauty Adoro
                                                                                            
15. Contact telephone number:                                                +27 21 680 2000



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