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
of existing shares to which voting rights are Pan African Resources Plc
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 Holding decreased below 7% threshold X
specify):
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 25th February 2015
reached: v
6. Date on which issuer notified: 25th February 2015
7. Threshold(s) that is/are crossed or 7%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction
if possible Number Number Number Number of voting % of voting rights x
using of of of shares rights
the ISIN CODE Shares Voting
Rights Direct Direct Indirect Direct Indirect
xi xii
GB0004300496 135 194 349 127 272 934 6.95%
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 financial Exercise Expiration Exercise/ Number of voting rights % of voting rights xix,
instrument price date xvii Conversion instrument refers to xx
period xviii
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
127 272 934 6.95%
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 entities) Coronation Asset Management (Pty) Ltd
Contact address
7th Floor, MontClare Place, Corner of Campground and
(registered office for legal entities) 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 investment
(at least legal representative for legal persons) manager acts on behalf of various 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 Management (Pty)
(e.g. functional relationship with the person or Ltd
legal entity subject to the notification
obligation)
C: Additional information
For notes on how to complete form TR-1 please see the FCA website.