19 November 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 & DIRECTORS' DEALINGS
The Company was notified on 17 and 18 November 2010 that Pangea Exploration
(Pty) Limited ("Pangea") had sold 567,126 ordinary shares of 1 pence each in
the Company ("Shares") at an average price of ZAR1.1914 per Share and 1,021,071
Shares at a price of ZAR1.1901 per Share respectively, for a total
consideration of ZAR1,890,826.03. Pangea's remaining holding in Pan African
after the sale is 42,288,408 Shares, representing 2.93% of the issued share
capital of the Company.
Mr Robert Still, a non-executive director of the Company, is also a director of
Pangea and a trustee of a family trust which owns 33.33% of Pangea. Mr Still
is therefore deemed to have an indirect, non-beneficial interest in Pangea's
holding in 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