29 January 2014
Pan African Resources PLC
("Pan African" or the "Company")
(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
TRADING UPDATE
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, a
listed company is required to publish a trading statement as soon as it is
satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on next, will differ by at least 20 per
cent from those of the previous corresponding period. The Company advises
shareholders that it expects its earnings per share in South African Rand
("ZAR") terms will be over 20 per cent higher for the six months ended 31
December 2013 than those for the six months ended 31 December 2012.
Pan African is incorporated in England and Wales under Companies Act 1985 and
accordingly its presentation currency is Pound Sterling ("GBP").
Earnings per share and headline earnings per share, calculated in ZAR, using
the average ZAR:GBP exchange rate of 15.94 that prevailed for the six months
ended 31 December 2013 (six months ended 31 December 2012: 13.49), is expected
to be between 27 per cent and 34 per cent higher than those for the previous
corresponding period (six months ended 31 December 2012: 11.50 cents per
share). The earnings per share and headline earnings per share for the six
months ended 31 December 2013, denominated in GBP, is expected to be between 8
per cent and 15 per cent higher than those for the previous corresponding
period (six months ended 31 December 2012: 0.85 pence per share).
The financial information for the six months ended 31 December 2013 and
contained in this trading update has neither been reviewed nor reported on by
the Company`s auditors. It is anticipated that the Company's unaudited results
for the six months ended 31 December 2013 will be released on 19 February 2014.
For further information on Pan African Resources plc, please visit the website
at www.panafricanresources.com
29 January 2014
JSE Sponsor
One Capital
PAN AFRICAN ENQUIRIES
South Africa UK
Pan African Resources Canaccord Genuity Limited
Mr Ron Holding Nomad and Joint Broker
Chief Executive Officer Neil Elliot / Peter Stewart / Joe Weaving
+27 (0) 11 243 2900 +44 (0) 20 7523 8350
Vestor Investor Relations finnCap Limited
Louise Brugman Joint Broker
+27 (0) 11 787 3015 Elizabeth Johnson / Joanna Weaving
+27 83 504 1186 +44 (0) 20 7220 0500
One Capital St James's Corporate Services Limited
Liezl Gildenhuys Phil Dexter
+27 (0) 11 550 5000 +44 (0) 20 7796 8647
Gable Communications
Justine James
+44 (0) 20 7193 7463 / +44 (0) 7525 324431
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