For filings with the FCA include the annexFor filings with issuer exclude the annexTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi1. Identity of the issuer or the underlying issuerof existing shares to which voting rights are PAN AFRICAN RESOURCES PLCattached:ii2. Reason for the notification (please tick the appropriate box or boxes):An acquisition or disposal of voting rights XAn acquisition or disposal of qualifying financial instruments which may resultin the acquisition of shares already issued to which voting rights are attachedAn acquisition or disposal of instruments with similar economic effect toqualifying financial instrumentsAn event changing the breakdown of voting rightsOther (please specify):3. Full name of person(s) subject to the FIL Limitednotification obligation:iii4. Full name of shareholder(s) See Section 9 (if different from 3.):iv5. Date of the transaction and date onwhich the threshold is crossed or 18 February 2015reached: v6. Date on which issuer notified: 19 February 20157. Threshold(s) that is/are crossed or 5%reached: vi, vii8. Notified details:A: Voting rights attached to shares viii, ixClass/type of Situation previous Resulting situation after the triggering transactionshares to the triggering transactionif possible Number Number Number Number of voting % of votingusing of of of shares rights rights xthe ISIN CODE Shares Voting Rights Indirect Direct Indirect Direct Indirect xi xiiGB0004300496 90,153,681 90,153,681 91,947,517 91,947,517 5.02%B: Qualifying Financial InstrumentsResulting situation after the triggering transactionType of financial Expiration Exercise/ Number of voting % of votinginstrument date Conversion Period xiv rights that may be rights acquired if the xiii instrument is exercised/ converted.C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xviResulting situation after the triggering transactionType of financial Exercise Expiration Exercise/ Number of voting % of votinginstrument price date Conversion period rights instrument rights xix, xx xvii xviii refers to Nominal DeltaTotal (A+B+C)Number of voting rights Percentage of voting rights91,947,517 5.02%9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxiCustodian Day to Day IM TotalJP MORGAN, BOURNEMOUTH (C) FII-FIL INVESTMENTS INTERNATIONAL 14,526,794 FILUK-FIL INVESTMENT SERVICES (UK) LIMITED 77,420,723Grand Total 91,947,517Proxy Voting:10. Name of the proxy holder: FIL Limited11. Number of voting rights proxy holder will acquire: 1,793,83612. Date on which proxy holder will acquire voting rights: 18 February 201513. Additional information: None14. Contact name: Nina Collomosse15. Contact telephone number: fil-regreporting@fil.com, 01737 837092