Ex Entitlement Details

Pan Andean Resources PLC 2 December 1999 ENTITLEMENT ISSUE SECURITY TITLE *Ord Shs MNEMONIC CODE *PRE SEDOL CODE *668-851 TERMS *1 New Ord Share for Every 11 Existing Ord Shares held at 22p EX DATE *02-12-99 RECORD DATE *17-11-99 SPLITTING APPLICATION FORMS *21-12-99 3.00 pm RECEIPT OF APPLICATION FORMS *23-12-99 3.00 pm DEALING COMMENCE NEW SHARES *04-01-00 NOTES *