Pan African Resources plc
(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
(`Pan African' or the `company')
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated Thursday, 17 November 2011,
shareholders are advised that negotiations are still in progress, which if
successfully concluded may have a material effect on the price of the
securities of the company. Accordingly, shareholders are advised to exercise
caution when dealing in the company's securities, until a full announcement has
been made.
Rosebank
29 December 2011
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Enquiries
South Africa UK
Pan African Resources RBC Capital Markets
Jan Nelson, Chief Executive Officer Martin Eales / James Kelly
+27 (0) 11 243 2900 +44 (0) 20 7029 7881
Macquarie First South Capital (Pty) St James's Corporate Services
Limited Limited
Melanie de Nysschen / Annerie Britz / Phil Dexter
Yvette Labuschagne
+44 (0) 20 7499 3916
+27 (0) 11 583 2000
Gable Communications
Justine James
+44 (0) 20 7193 7463
+44 7525 324431
For further information on Pan African, please visit the website at
www.panafricanresources.com