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 "the Company")
PAN AFRICAN SUCCESSFULLY CONCLUDES WAGE NEGOTIATIONS AT ITS EVANDER OPERATION
Pan African shareholders are hereby informed that the Company has, under the
auspices of the Chamber of Mines, successfully concluded a two year agreement
with the National Union of Mineworkers ("NUM") and the United Association of
South Africa ("UASA") on wages and other conditions of employment for employees
at its Evander Gold Mines Limited operation ("Evander") for the financial years
ending 30 June 2014 and 2015.
The average Evander wage bill increase for these two years will amount to
approximately 8% per annum for both unions and is effective from 1 July 2013.
At Pan African's Barberton Mines (Pty) Limited operation, which is not part of
the Chamber of Mines, negotiations regarding wages and other conditions of
employment with NUM and UASA are ongoing.
Johannesburg
4 September 2013
JSE Sponsor
One Capital
Enquiries UK
South Africa
Pan African Canaccord Genuity Limited - Nomad and
Joint Broker
Ron Holding, Joint Interim Chief
Executive Officer Andrew Chubb/ Peter Stewart/ Joe Weaving
+27 (0) 11 243 2900 +44 (0) 20 7523 8350
One Capital - Sponsor finnCap Limited - Joint Broker
Sholto Simpson / Liezl Geldenhuys Elizabeth Johnson / Joanna Weaving
27 (0) 11 550 5000 +44 (0) 20 7220 0500
Vestor Investor Relations St James's Corporate Services Limited
Louise Brugman Phil Dexter
+27 (0) 11 787 3015 +44 (0) 20 7796 8647
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