Please note that the announcement released yesterday, 7 December 2010 contained
incorrect figures in the final paragraph. The final paragraph should have read:-
Following this transaction Mr Still has a direct interest in 4,000,000 Shares,
representing 0.28% of the issued share capital of the Company and a total
indirect, non-beneficial interest in 42,570,851 Shares representing 2.95% of
the issued share capital of the Company.
A corrected announcement follows.
7 December 2010
Pan African Resources PLC
(`Pan African' or the `Company')
Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000
AIM: PAF/JSE: PAN
ISIN: GB0004300496
HOLDING IN COMPANY & DIRECTOR'S DEALINGS
The Company was notified on 6 December 2010 that Mrs J Yates had sold 661,289
ordinary shares of 1 pence each in the Company ("Shares") at an average price
of ZAR1.10 per Share, for a total consideration of ZAR725,547.68.
Mr Robert Still, a non-executive director of the Company, is an immediate
family member of Mrs J Yates. Mr Still is therefore deemed to have an
indirect, non-beneficial interest in Mrs Yates's holding in the Company.
Following this transaction Mr Still has a direct interest in 4,000,000 Shares,
representing 0.28% of the issued share capital of the Company and a total
indirect, non-beneficial interest in 42,570,851 Shares representing 2.95% of
the issued share capital of the Company.
Enquiries
South Africa UK
Pan African RBC Capital Markets
Jan Nelson, Chief Executive Officer Martin Eales / Brett Jacobs
+27 (0) 11 243 2900 +44 (0) 20 7653 4000
Macquarie First South Advisers (Pty) Ltd St James's Corporate Services
Limited
Melanie de Nysschen / Yvette Labuschagne /
Annerie Britz Phil Dexter
+27 (0) 11 583 2000 +44 (0) 20 7499 3916
Vestor Media & Investor Relations Hansard Communications
Louise Brugman Justine James
+27 (0) 11 787 3015 +44 (0) 20 7245 1100 / +44 (0)
7525 324431