Further Cautionary Announcement

12th Mar 2012 07:07

PAN - Pan African Resources plc - Further Cautionary Announcement

Pan African Resources plc

(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000)

Share code on AIM: PAFShare code on JSE: PANISIN: GB0004300496(`Pan African')

FURTHER CAUTIONARY ANNOUNCEMENT

Pan African shareholders (`Shareholders') are referred to the cautionary announcements released by Pan African on Thursday, 17 November 2011, Thursday, 29 December 2011 and Monday, 30 January 2012, and using the terms defined in the previous announcements, are advised that the pro forma financial effects of the Transaction are still being determined, which may have a material effect on the price of Pan African shares. Accordingly, Shareholders are advised to continue to exercise caution when dealing in Pan African's securities until a further announcement is made.

Johannesburg12 March 2012Lead Corporate Advisor, JSE Transaction Sponsor and JSE Sponsor to Pan African Resources plc One Capital EnquiriesSouth Africa UK Pan African Resources RBC Capital Markets

Jan Nelson, Chief Executive Officer Martin Eales / James Kelly

+27 (0) 11 243 2900 +44 (0) 20 7653 4000 One Capital St James's Corporate Services Limited

Sholto Simpson / Megan Young / Nicholas

Tyler Phil Dexter +27 (0) 11 550 5000 +44 (0) 20 7499 3916 Gable Communications Justine James +44 (0) 20 7193 7463

For further information on Pan African, please visit the website at www.panafricanresources.com

XLON

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Related Shares:

Pan African Resources