For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer Pan African Resources Plc
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
An acquisition or disposal of qualifying financial instruments which 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 to
qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify): Holding decreased below 9% and 8% thresholds X
3. Full name of person(s) subject to the Coronation Asset Management (Pty) Ltd
notification obligation:iii
4. Full name of shareholder(s)
(if different from 3.):iv
5. Date of the transaction and date on
which the threshold is crossed or 10th October 2014
reached: v
6. Date on which issuer notified: 10th October 2014
7. Threshold(s) that is/are crossed or 9% and 8%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type Situation previous Resulting situation after the triggering transaction
of to the triggering
shares transaction
if possible Number Number Number Number of voting % of voting rights x
using of of of shares rights
the ISIN Shares Voting
CODE Rights
Direct Direct xi Indirect xii Direct Indirect
GB0004300496 166 880 826 140 538 942 7.68%
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 xiv rights that may be rights
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 price Expiration Exercise/ Number of voting rights % of voting rights
financial date xvii Conversion period instrument refers to xix, xx
instrument xviii
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
140 538 942 7.68%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder: Coronation Asset Management (Pty) Ltd
11. Number of voting rights proxy holder will
cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
13. Additional information:
14. Contact name: Jamie Rowland
15. Contact telephone number: +27 21 680 2000
Note: Annex should only be submitted to the FCA not the issuer
Annex: Notification of major interests in sharesxxii
A: Identity of the persons or legal entity subject to the notification
obligation
Full name
(including legal form of legal Coronation Asset Management (Pty) Ltd
entities)
Contact address 7th Floor, MontClare Place, Corner of Campground (registered office for legal entities) and Main Roads, Claremont, South Africa, 7708
Phone number & email +27 21 680 2000, jrowland@coronation.co.za
Other useful information Coronation Asset Management (Pty) Ltd as
at least legal representative for investment manager acts on behalf of various
legal persons) clients holding PAN/PAFLN in their portfolios
B: Identity of the notifier, if applicable
Full name Jamie Rowland
Contact address 7th Floor, MontClare Place, Corner of Campground
and Main Roads, Claremont, South Africa, 7708
Phone number & email +27 21 680 2000, jrowland@coronation.co.za
Other useful information
Compliance Officer at Coronation Asset
(e.g. functional relationship with the Management (Pty) Ltd
person or legal entity subject to the
notification obligation)
C: Additional information
For notes on how to complete form TR-1 please see the FCA website.