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

Pan African ResourcesAnnouncement

30/11/2015 11:40

For filings with the FCA include the annex                                                                  
                                                                                                            
For filings with issuer exclude the annex                                                                   
                                                                                                            
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                                             
                                                                                                            
1. Identity of the issuer or the underlying issuer        PAN AFRICAN RESOURCE                              
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                    PUBLIC INVESTMENT CORPORATION LIMITED           
notification obligation: iii                                                                                
                                                                                                            
4. Full name of shareholder(s)                                               N/A                            
 (if different from 3.):iv                                                                                  
                                                                                                            
5. Date of the transaction and date on                                27 November 2015                      
which the threshold is crossed or                                                                           
reached: v                                                                                                  
                                                                                                            
6. Date on which issuer notified:                                     30 November 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     Indirect   Direct      Indirect    
                                                              xi         xii                                
                                                                                                            
PAN           144,696,442                   99,058,915                              5.409%                  
                                                                                                            
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.                         
                                                                                                            
NONE                    N/A         N/A                       N/A                           N/A             
                                                                                                            
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 rights       % of voting rights  
financial        price      date xvii   Conversion period instrument refers to          xix, xx             
instrument                              xviii                                                               
                                                                                                            
                                                                                        Nominal     Delta   
                                                                                                            
Total (A+B+C)                                                                                               
                                                                                                            
Number of voting rights                            Percentage of voting rights                              
                                                                                                            
99,058,915                                         5.409%                                                   
                                                                                                            
9. Chain of controlled undertakings through which the voting rights and/or the                              
financial instruments are effectively held, if applicable: xxi                                              
                                                                                                            
                                                                                                            
N/A                                                                                                         
                                                                                                            
Proxy Voting:                                                                                               
                                                                                                            
10. Name of the proxy holder:                                      N/A                                      
                                                                                                            
11. Number of voting rights proxy holder will cease                N/A                                      
to hold:                                                                                                    
                                                                                                            
12. Date on which proxy holder will cease to hold                  N/A                                      
voting rights:                                                                                              
                                                                                                            
                                                                                                            
13. Additional information:                        N/A                                                      
                                                                                                            
14. Contact name:                                  MDUDUZI NSIBANDE                                         
                                                                                                            
15. Contact telephone number:                      012 742 3536                                             
                                                                                                            



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