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 RESOURCE 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 X
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):
3. Full name of person(s) subject to the PUBLIC INVESTMENT CORPORATION SOC LIMITED
notification obligation: iii
4. Full name of shareholder(s) N/A
(if different from 3.):iv
5. Date of the transaction and date on 29 January 2016
which the threshold is crossed or
reached: v
6. Date on which issuer notified: 1 February 2016
7. Threshold(s) that is/are crossed or 5%
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
using Number Number Number Number of voting % of voting rights x
the ISIN CODE of of of shares rights
Shares Voting
Rights Direct Direct Indirect Direct Indirect
xi xii
PAN 90458915 93510432 5.106%
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.
NONE N/A N/A N/A N/A
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 rights % of voting rights
financial price 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
93510432 5.106%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
N/A
Proxy Voting:
10. Name of the proxy holder: N/A
11. Number of voting rights proxy holder will cease N/A
to hold:
12. Date on which proxy holder will cease to hold N/A
voting rights:
13. Additional information: N/A
14. Contact name: DEVILLIERS MAKONKO
15. Contact telephone number: 012 742 3578
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 PUBLIC INVESTMENT CORPORATION SOC LIMITED
(including legal form of legal entities)
Contact address PUBLIC INVESTMENT CORPORATION
(registered office for legal entities) REPUBLIC OF SOUTH AFRICA
PRIVATE BAG X187
PRETORIA
0001
Phone number & email 012 742 3578
Other useful information CONTACT: DEVILLIERS MAKONKO
(at least legal representative for legal persons)
B: Identity of the notifier, if applicable
Full name DEVILLIERS MAKONKO
Contact address PUBLIC INVESTMENT CORPORATION
REPUBLIC OF SOUTH AFRICA
PRIVATE BAG X187
PRETORIA
0001
012 742 3578 &
Phone number & email Devilliers.makonko@pic.gov.za
Other useful information
(e.g. functional relationship with the 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.