Pan African Resources Announcements

Issue of Equity

19 September 2007 07:01:09

Pan African Resources PLC
19 September 2007

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

Issue of Shares

The Directors of Pan African today announce that the Company has issued and
allotted 5,872,727 ordinary shares of 1p each ('Shares') at a price of 4p per
Share pursuant to an exercise of share options.

Application has now been made to the AIM Market of the London Stock Exchange ('
AIM') and the Alternative Exchange of the JSE Limited ('AltX') for 5,872,727
Shares to be admitted to trading on AIM and listing on AltX ('Admission').
Admission is expected to occur at 8.00am (UK time) on 21 September 2007.

Pan African now has 1,078,866,438 Shares in issue representing 1,078,866,438
voting rights.

For further information please contact:

Pan African Resources Ambrian Partners Limited Macquarie First South Parkgreen Communications
Corporate Finance (Pty)
Limited

Richard Brown Amanda Markman Justine Howarth
+44 (0) 20 7776 6417 +27 11 (0) 343 2307 +44 (0) 207 851 7480
Jan Nelson, CEO
+27 (0) 11 777 7840

Richard Greenfield Done Hattingh
+44 (0) 20 7776 6418 +27 11 (0) 343 2308
Nathan Steinberg
+44 (0) 20 7845 7500

This information is provided by RNS
The company news service from the London Stock Exchange

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Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

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