Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985
with registered number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
("Pan African" or "Company")
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders of Pan African ("Shareholders") are referred to the announcement
published by the Company on 30 May 2012 regarding the proposed acquisition of
the entire issued share capital of and claims against Evander Gold Mines
Limited from Harmony Gold Mining Company Limited ("Transaction") which included
a further Pan African cautionary announcement.
Shareholders are advised that the pro forma financial effects of the
Transaction are still being determined, the publication of which may have a
material effect on the price of Pan African securities. Accordingly,
Shareholders are advised to continue to exercise caution when dealing in Pan
African`s securities until a further announcement is made.
11 July 2012
Johannesburg
Lead Corporate Advisor, Transaction Sponsor and JSE Sponsor
One Capital
Enquiries UK
South Africa
Pan African Resources Canaccord Genuity Limited - Nomad and
Joint Broker
Jan Nelson, Chief Executive Officer
John Prior / Sebastian Jones / Joe Weaving
+27 (0) 11 243 2900
+44 (0) 20 7523 8350
One Capital finnCap Limited - Joint Broker
Sholto Simpson / Megan Young / Elizabeth Johnson / Joanna Weaving
Nicholas Tyler
+44 (0) 20 7220 0500
+27 (0) 11 550 5000
Vestor Investor Relations St James's Corporate Services Limited
Louise Brugman Phil Dexter
+27 (0) 11 787 3015 +44 (0) 20 7499 3916
Gable Communications
Justine James
+44 (0) 20 7193 7463 / +44 (0) 7525 324431
For further information on Pan African, please visit the website at
www.panafricanresources.com