Ex Entitlement Details

Pan Andean Resources PLC
2 December 1999

ENTITLEMENT ISSUE
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *PRE
SEDOL CODE              *668-851
TERMS                   *1 New Ord Share for Every 11 Existing Ord Shares held  
                        at 22p
EX DATE                 *02-12-99
RECORD DATE             *17-11-99
SPLITTING APPLICATION FORMS *21-12-99 3.00 pm
RECEIPT OF APPLICATION FORMS *23-12-99 3.00 pm
DEALING COMMENCE NEW SHARES *04-01-00
NOTES *