Adm Energy Regulatory News (ADME)

PAN PACIFIC AGGREGATES PLC

Standby Equity Distribution Agreement

Further to the announcement on 10 January 2012, Pan Pacific Aggregates plc (the "Company"), the British Columbia based aggregates business, is pleased to announce that, on 3 February 2012, it entered into a Standby Equity Distribution Agreement ("SEDA") pursuant to which YA Global Master SPV Ltd. ("YA Global"), an investment fund managed by Yorkville Advisors LLC, has agreed to subscribe in tranches ("Advances") for up to a maximum of £2 million of the Company's ordinary shares ("Ordinary Shares").

This arrangement provides enhanced access to capital to assist in funding the development of the Group's business, ongoing working capital requirements and amounts still outstanding and to be paid to the Supervisor of the CVA.

Ordinary Shares issued under the SEDA will be priced at 95 per cent. of the lowest of the daily volume weighted average prices ("VWAP") during the ten day pricing period following a draw down request. The draw down is subject to certain restrictions, including marketability, which may limit the total amount available under the SEDA.

The amount of each Advance cannot exceed, inter alia, an amount equal to 200 per cent. of the average daily trading volume of the Ordinary Shares multiplied by the VWAP on AIM for the ten trading days prior to the draw down request.

Use of the facility is entirely at the discretion of the Company and there are no penalties for not requesting an Advance. The implementation fee of £100,000 will be paid in four quarterly instalments.

The Company will apply for any Ordinary Shares issued in relation to the SEDA to be admitted to trading on AIM.

Lynda Chase-Gardener, Executive Chairman, commented:

"We are delighted to have entered into the SEDA with YA Global. The SEDA will provide the Company with ready access to capital to assist in funding the development of the Group's business and ongoing working capital requirements."

For further information please see the Company's web site, www.panagg.com or contact: