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 issuer of existing shares to which voting rights are attached: ii				PAN AFRICAN RESOURCES PLC
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 notification obligation: iii		TRUFFLE ASSET MANAGEMENT RSA 2008/009740/07
4. Full name of shareholder(s)  (if different from 3.):iv		SEE LIST BELOW
5. Date of the transaction and date on which the threshold is crossed or reached: v		02/06/2016
6. Date on which issuer notified:		28/06/2016
7. Threshold(s) that is/are crossed or reached: vi, vii		6% (FROM 5%)

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

6B0004300496

109817800

109817800

117511805

117511805

6.047%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

117 511 805

6.047%

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:		TRUFFLE ASSET MANAGEMENT
11. Number of voting rights proxy holder will cease to hold:		-
12. Date on which proxy holder will cease to hold voting rights:		-
13. Additional information:	CEO – TRUFFLE ASSET MANAGEMENT
14. Contact name:	LOUIS VAN DER MERWE
15. Contact telephone number:	[phone] [e-mail]

4.  Full name of shareholders

ASH MM FLEXIBLE FUND

ASH MM EQUITY FUND

NEDGRP MAN FUND

OLDMUT AMRF PROV

OLDMUT ARF PEN

OLDMUT AMRF PEN

OLDMUT ARF PROV

SCB STANLIB MM EQUITY

FEDHEALTH MED AID

SBSA ITF MET INSTITUTIONAL FUND

SBSA ITF MET EQUITY FUND

SBSA ITF MET FLEXIBLE FUND

SBSA ITF MET BALANCED FUND

SMMI POS RET FUND 1

SMMI POS RET FUND 3 PROPERTY

FNB PENSION FUND

UFS TRUST

DENEL

UNISA

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