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 PAN AFRICAN RESOURCES PLC
issuer of existing shares to which voting rights
are attached: ii
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result X
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 (PTY) LTD
4. Full name of shareholder(s) (if
different from 3.):iv
5. Date of the transaction and date on
which the threshold is crossed or reached: 20 APRIL 2016
v
6. Date on which issuer notified:
20 APRIL 2016
7. Threshold(s) that is/are crossed or
reached: vi, vii 5%
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of Situation previous Resulting situation after
shares to the triggering the triggering
transaction transaction
if possible Number Number % of voting
using Number of Number of rights x
the ISIN CODE of Voting of voting
Shares Rights shares rights
Direct Direct xi Indirect Direct Indirect
xii
GB0004300496 95301018 95301018 96350196 96350196 5.26%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period rights that may be rights
xiv acquired if the
instrument is
exercised/ converted.
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial Exercise Expiration Exercise/ Number of voting % of voting
instrument price date xvii Conversion rights instrument rights xix, xx
period refers to
xviii
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
96,350,196 5.26%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder: TRUFFLE ASSET MANAGEMENT (PTY) LTD
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:
14. Contact name: ETIENNE ROUX
15. Contact telephone number: +27 11 325 0030
Note: Annex should only be submitted to the FCA not the issuer
Annex: Notification of major interests in sharesxxii
A: Identity of the persons or legal entity subject to the notification
obligation
Full name TRUFFLE ASSET MANAGEMENT (PTY) LTD
(including legal form of legal entities)
Contact address LANCASTER GATE, HYDE LANE OFFICE PARK,
(registered office for legal entities) HYDE PARK
Phone number & email +27 11 325 0030
Other useful information
(at least legal representative for legal
persons)
B: Identity of the notifier, if applicable
Full name ETIEENE ROUX
Contact address LANCASTER GATE, HYDE LANE OFFICE PARK,
HYDE PARK
Phone number & email +27 11 325 0030
Other useful information(e.g. functional
relationship with the person or legal
entity subject to the notification
obligation)
C: Additional information
For notes on how to complete form TR-1 please see the FCA website.