PAN AFRICAN RESOURCES PLC — Share Issue/Capital Change 2014

Feb 19, 2014

National Storage Mechanism | Additional information

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PAN AFRICAN RESOURCES PLC - Issue of Equity

PR Newswire

London, February 18

                       Pan African Resources PLC                ("Pan African" or the "Group" or the "Company")(Incorporated and registered in England and Wales under Companies Act 1985 with                registered number 3937466 on 25 February 2000)                            Share code on AIM: PAF                            Share code on JSE: PAN                              ISIN: GB0004300496                     ISSUE OF SHARES: EXERCISE OF OPTIONSPan African announces that the following issue of Pan African ordinary sharesof 1p each ("Shares") has been made following the exercise of share optionsgranted in 2008 under the Company's share option plan:  \* 965,000 Shares at a price of R0.83 per Share, for a total consideration of    R800,950 (collectively, the "Issue").Application will be made to the AIM market of the London Stock Exchange ("AIM")and to the Main Board of JSE Limited ("JSE") for 965,000 Shares to be admittedto trading on AIM and for listing on the JSE, with admission to trading andlisting on both markets expected to occur on 20 February 2014.Following the Issue the total issued share capital of the Company comprises1,829,144,763 Shares.19 February 2014SponsorOne CapitalPAN AFRICAN ENQUIRIES                UKSouth AfricaPan African Resources                Canaccord Genuity LimitedMr Ron Holding                       Nomad and Joint BrokerChief Executive Officer              Neil Elliot / Peter Stewart / Joe Weaving+27 (0) 11 243 2900                  +44 (0) 20 7523 8350Vestor Investor Relations            finnCap LimitedLouise Brugman                       Joint Broker+27 (0) 11 787 3015                  Elizabeth Johnson / Joanna Weaving+27 83 504 1186                      +44 (0) 20 7220 0500One Capital                          St James's Corporate Services LimitedLiezl Gildenhuys                     Phil Dexter+27 (0) 11 550 5000                  +44 (0) 20 7796 8647                                     Gable Communications                                     Justine James                                     +44 (0) 20 7193 7463 / +44 (0) 7525 324431For further information on Pan African, please visit the website atwww.panafricanresources.com