Pan African Resources Regulatory News (PAF)

26 Apr 2012 07:30

Pan African Resources PLC

(`Pan African')

(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000)

Share code on AIM: PAF / JSE: PAN

ISIN: GB0004300496

Further cautionary announcement

Pan African shareholders (`Shareholders') are referred to the cautionary announcements released by Pan African on Thursday, 17 November 2011, Thursday, 29 December 2011, Monday, 30 January 2012 and Monday, 12 March 2012 and using the terms defined in the previous announcements, are advised that the pro forma financial effects of the Transaction are still being determined, 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.

Johannesburg

26 April 2012

Lead Corporate Advisor, JSE Transaction Sponsor and JSE Sponsor

One CapitalEnquiries 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