PAN AFRICAN RESOURCES PLC - 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                                   Pan African Resources Plc
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
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):          Holding decreased below 6% threshold                               X

3. Full name of person(s) subject to the                            Coronation Asset Management (Pty) Ltd
notification obligation:iii

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                                                         12th March 2015
reached: v

6. Date on which issuer notified:                                                         12th March 2015

7. Threshold(s) that is/are crossed or                                                                 6%
reached: vi, vii

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type   Situation previous             Resulting situation after the triggering transaction
of           to the triggering
shares       transaction

             Number                Number   Number            Number of voting     % of  voting rights x
if possible  of                    of       of shares         rights
using        Shares                Voting
the ISIN                           Rights   Direct            Direct   Indirect    Direct    Indirect
CODE                                                          xi       xii

GB0004300496 115 053 714                    109 219 191                            5.97%



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial                 Expiration Exercise/                    Number of voting    % of voting
instrument                          Conversion Period xiv        rights that may be  rights
                                  date                              acquired if the
                                  xiii                              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 rights
instrument             price       date Conversion period xviii  rights instrument     xix, xx
                                   xvii                          refers to



                                                                                    Nominal          Delta





Total (A+B+C)

Number of voting rights                                 Percentage of voting rights

109 219 191                                             5.97%

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:                                       Coronation 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:                                                                           Jamie Rowland

15. Contact telephone number:                                                             +27 21 680 2000

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

(including legal form of legal entities)                            Coronation Asset Management (Pty) Ltd



Contact address
                                                         7th Floor, MontClare Place, Corner of Campground
(registered office for legal entities)                      and Main Roads, Claremont, South Africa, 7708



Phone number & email
                                                               +27 21 680 2000, jrowland@coronation.co.za


Other useful information
                                                                 Coronation Asset Management (Pty) Ltd as
(at least legal representative for legal persons)            investment manager acts on behalf of various
                                                            clients holding PAN/PAFLN in their portfolios




B: Identity of the notifier, if applicable

Full name
                                                                                            Jamie Rowland


Contact address                                          7th Floor, MontClare Place, Corner of Campground
                                                            and Main Roads, Claremont, South Africa, 7708


Phone number & email
                                                               +27 21 680 2000, jrowland@coronation.co.za


Other useful information
                                                        Compliance Officer at Coronation Asset Management
(e.g. functional relationship with the person or legal                                          (Pty) Ltd
entity subject to the notification obligation)



C: Additional information



For notes on how to complete form TR-1 please see the FCA website.