Holding(s) in Company

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: PAF

Share code on JSE: PAN

ISIN: GB0004300496

("the Company")

HOLDING IN COMPANY

The Company was notified on 16 October 2009 that Pangea Exploration (Pty)
Limited ("Pangea") had sold 244 513 ordinary shares in the Company.  Pangea's
remaining holding is 42,561,055 ordinary shares, representing 3.02% of the
issued share capital.

 

Robert Still, a Non-Executive Director of the Company, is a Director of Pangea
and a trustee of a family trust which owns 33.33% of Pangea.  Mr Still is
therefore deemed to have an indirect, non-beneficial interest in Pangea's
holding in the Company .

 

Johannesburg

16 October 2009

JSE Sponsor and Corporate Advisor

Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited

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

Enquiries:

Pan African Resources

Jan Nelson, CEO

[phone]

Nicole Spruijt, Public Relations

[phone]

RBC Capital Markets

Martin Eales

[phone]

Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited

Natalie Di-Sante

[phone]

Sholto Simpson

[phone]

St James's Corporate Services Limited

Phil Dexter

[phone]

FD Beachhead Media & Investor Relations

Jennifer Cohen

[phone]

Louise Brugman

[phone]

[phone]