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Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders

Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders

Share Price Information for Pan African Resources (PAF)

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Share Price: 25.35
Bid: 25.15
Ask: 25.40
Change: -0.80 (-3.06%)
Spread: 0.25 (0.994%)
Open: 26.20
High: 26.20
Low: 25.15
Prev. Close: 26.15
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Further Cautionary Announcement

11 Jul 2012 15:34

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 "Company") FURTHER CAUTIONARY ANNOUNCEMENT

Shareholders of Pan African ("Shareholders") are referred to the announcement published by the Company on 30 May 2012 regarding the proposed acquisition of the entire issued share capital of and claims against Evander Gold Mines Limited from Harmony Gold Mining Company Limited ("Transaction") which included a further Pan African cautionary announcement.

Shareholders are advised that the pro forma financial effects of the Transaction are still being determined, the publication of 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.

11 July 2012

Johannesburg

Lead Corporate Advisor, 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

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