Holding(s) in Company

30 Oct 2009 15:14

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: PAFShare code on JSE: PANISIN: GB0004300496("the Company")HOLDING IN COMPANY

Further to recent announcements made by the Company between 16 and 27 October 2009, the Company has been notified that Pangea Exploration (Pty) Limited ("Pangea") sold a total of 3,763,900 ordinary shares in the Company on 9 and 11 October 2009. Pangea's remaining holding is 37,626,605 ordinary shares, representing 2.67% of the issued share capital.

Robert Still, a Non-Executive Director of the Company, is a Director of Pangea and a trustee of a family trust which owns 33.33% of Pangea. Mr Still is therefore deemed to have an indirect, non-beneficial interest in Pangea's holding in the Company.

Johannesburg30 October 2009

For further information on Pan African Resources plc, please visit the website at www.panafricanresources.com

Enquiries:Pan African ResourcesJan Nelson, CEO+27 (0) 11 243 2900

Nicole Spruijt, Public Relations

+27 (0) 11 243 2900RBC Capital MarketsMartin Eales+44 (0) 20 7029 7881

Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited

Natalie Di-Sante+27 (0) 11 750 0207Sholto Simpson+27 (0) 11 750 0213

St James's Corporate Services Limited

Phil Dexter

+44 (0) 20 7499 3916

FD Beachhead Media & Investor Relations

Jennifer Cohen+27 (0) 11 214 2401Louise Brugman+27 (0) 11 214 2415+27 (0) 83 504 1186