Holding(s) in Company

14 Sep 2009 15:01

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying Pan African Resources Plcissuer of existing shares to which voting rights are attached: ii

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights NO

An acquisition or disposal of qualifying financial instruments which NO may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect NO to qualifying financial instruments

An event changing the breakdown of voting rights NO Other (please Change in the Issue Share Capital YES specify):

3. Full name of person(s) subject to JPMorgan Asset Management Holdings Inc. the

notification obligation: iii 4. Full name of shareholder(s) JPMorgan Asset Management (UK) Limited(if different from 3.):iv 5. Date of the transaction and date 01 September 2009on which the threshold is crossed or reached: v 6. Date on which issuer notified: 11 September 2009 7. Threshold(s) that is/are crossed 5% downwardsor reached: vi, vii 60,000,00060,000,0008. Notified details: A: Voting rights attached to shares viii, ix

Class/type Situation previous Resulting situation after the triggering of

to the triggering transaction shares transaction Number Number Number Number of voting % of voting rightsif possible of of of shares rights x using Shares Voting the ISIN Rights Direct Direct Indirect Direct IndirectCODE xi xii GB0004300496 60,000,000 4.26% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting instrument date xiii Conversion Period rights that may be rights xiv acquired if the instrument is exercised/ converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting % of voting financial price date xvii Conversion rights instrument rights xix, xx instrument period refers to xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 60,000,000 4.26%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

Total disclosable holding for JPMorgan Asset Management Holdings Inc. : 60,000,000 (4.26%)

JPMorgan Asset Management (UK) Limited: 60,000,000 (4.26%) Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will N/Acease to hold: 12. Date on which proxy holder will cease to hold N/Avoting rights: 13. Additional information: N/A 14. Contact name: Miss Jay Supaya 15. Contact telephone number: 020 7325 4513