Pan African Resources Announcements

Holding(s) in Company

07 September 2007 14:03:13

Pan African Resources PLC
07 September 2007
7 September 2007

Pan African Resources PLC
('Pan African' or the 'Company')

Holding in Company
The Company received notification on 6 September 2007 of a change in the
notifiable interest of Pangea Exploration (Proprietary) Limited ('Pangea') in
the ordinary shares of 1p each in the Company ('Shares').

On 5 September 2007, Pangea placed 20,000,000 shares at a price of 7.25p per
share to an institutional shareholder in order to finance the tax liability
arising on the 66,000,000 shares issued to Pangea. As a result of this, Pangea
now retains 46,000,000 shares representing 4.29% of the issued share capital.
For further information please contact:
ENDS
For further information on Pan African Resources plc, please visit the website
at www.panafricanresources.com
Enquiries:
Pan African Resources PLC Ambrian Partners Limited
Jan Nelson, CEO Richard Brown
+27 (0) 11 777 7840 +44 (0) 20 7776 6417

Nathan Steinberg Richard Greenfield
+44 (0) 20 7845 7500 +44 (0) 20 7776 6418

Nicole Stoyell, PR
+27 (0) 11 777 7840

Macquarie First South Corporate Finance (Pty) Limited Parkgreen Communications
Amanda Markman Justine Howarth / Bex Sanders-Hewett
+27 (0) 11 343 2307 +44 (0) 207 851 7480

Done Hattingh
+27 (0) 11 343 2308

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