Holding(s) in Company

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 issuerof existing shares to which voting rights are PAN AFRICAN RESOURCES PLCattached: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 resultin the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect toqualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the FIL Limitednotification obligation:iii 4. Full name of shareholder(s) See Section 9 (if different from 3.):iv 5. Date of the transaction and date onwhich the threshold is crossed or 18 February 2015reached: v 6. Date on which issuer notified: 19 February 2015 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 transactionshares to the triggering transaction if possible Number Number Number Number of voting % of votingusing of of of shares rights rights xthe ISIN CODE Shares Voting Rights Indirect Direct Indirect Direct Indirect xi xiiGB0004300496 90,153,681 90,153,681 91,947,517 91,947,517 5.02% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of votinginstrument date Conversion Period xiv rights that may be rights acquired if the xiii instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xvi Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of voting % of votinginstrument price date Conversion period rights instrument rights xix, xx xvii xviii refers to Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 91,947,517 5.02% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi Custodian Day to Day IM Total JP MORGAN, BOURNEMOUTH (C) FII-FIL INVESTMENTS INTERNATIONAL 14,526,794 FILUK-FIL INVESTMENT SERVICES (UK) LIMITED 77,420,723 Grand Total 91,947,517 Proxy Voting: 10. Name of the proxy holder: FIL Limited 11. Number of voting rights proxy holder will acquire: 1,793,836 12. Date on which proxy holder will acquire voting rights: 18 February 2015 13. Additional information: None 14. Contact name: Nina Collomosse 15. Contact telephone number: [email protected], 01737 837092