Holding(s) in Company

19 Oct 2009 11:00

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

The Company was notified on 19 October 2009 that Pangea Exploration (Pty) Limited ("Pangea") had sold 500 000 ordinary shares in the Company. Pangea's remaining holding is 42,061,055 ordinary shares, representing 2.98% 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.

Johannesburg19 October 2009

JSE Sponsor and Corporate Advisor

Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited

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