TIDMPAF 
 
Form TR-3. FSA Version 1.0 June 2008 
 
TR-3 (1):  Disclosure of Disclosable Short Position relating to Securities 
           which are the subject of a rights issue (2) 
 
1. Full name of person(s) holding        Magnetar Financial (UK) LLC 
the disclosable short position (3): 
 
2: Name of the issuer of the relevant    PAN AFRICAN RESOURCES PLC 
securities 
 
3: Disclosable short position (4)        0.26% 
 
4. Date that disclosable short position  December 21, 2012 
was reached or exceeded 
 
(1) This form, or the information contained within it, should be disclosed via 
an RIS using the short code DSP. Issuers should conform the commencement of the 
rights issuer period with a disclosure, via an RIS, using the short code ARI. 
 
(2) This form relates to the disclosure of short positions in compliance with 
amendments to MAR 1.9 market abuse (misleading behaviour) and market abuse 
(distortion) of the Market Conduct Sourcebook (MAR). Further material on this 
can be found in the FSA's press release of 13 June 2008, 
http://www.fsa.gov.uk/pages/Library/Communication/PR/2008/057.shtml 
and the related FAQ document on the FSA's website. 
 
(3) Specify the owner or controller of the interest. The naming of nominees or 
vehicle companies is insufficient. In the case of positions held by fund 
managers on behalf of discretionary clients, the clients need not be named. 
Market makers as defined in the Glossary of Definitions in the FSA Handbook and 
acting in their capacity as such may be exempt from disclosure of own account 
positions: see the definition of "disclosable short position". Positions may be 
aggregated in some cases. See FAQ document for further details. 
 
(4) Figure to be expressed as a percentage of issued share capital. Disclosable 
short position is defined in the Glossary of Definitions in the FSA Handbook. 
Positions must be disclosed on a net basis of all holdings. All financial 
instruments that represent a direct interest or direct economic interest in the 
relevant issuer must be included within such holdings. 
 
 
 
END