PAN AFRICAN RESOURCES PLC: Acquisition of Evander becomes unconditional Pan African Resources PLC Harmony Gold Mining Company Limited (Incorporated and registered in England Registration number 1950/038232/06 and Wales under Companies Act 1985 Incorporated in the Republic of South with registered number 3937466 on 25 Africa February 2000) ISIN: ZAE000015228 AIM Code: PAF NYSE code: HMY JSE Code: PAN JSE share code: HAR ISIN: GB0004300496 ("Harmony") ("Pan African") PAN AFRICAN'S ACQUISITION OF EVANDER GOLD MINES LIMITED ("EVANDER") FROM HARMONY ("TRANSACTION") BECOMES UNCONDITIONAL Pan African and Harmony are pleased to advise their shareholders that the last remaining condition precedent to the Transaction has been fulfilled following receipt of the consent required in accordance with section 11 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002. Accordingly, the Transaction is now unconditional. Pan African shall assume effective control over Evander on 28 February 2013. Jan Nelson, CEO of Pan African said: "We are delighted to finally take full control of Evander - a world class ore body and exceptional team of people will ensure that Pan African continues to deliver profitable, sustainable stakeholder growth. In addition to the 100koz of annual gold production, Evander also provides Pan African with a project pipeline that provides for significant growth possibilities and flexibility. I would like to thank Harmony on behalf of the board of Pan African for the manner and spirit in which the transaction was concluded. We welcome the Evander team and look forward to an exciting future." Graham Briggs, CEO of Harmony said: "The proceeds from the Evander sale further strengthen Harmony's cash position. We are leaving Evander in the hands of a capable management team, who we believe will run the mine in a sustainable manner." 15 February 2013 Lead Corporate Adviser, Transaction Corporate Adviser to Harmony Sponsor and JSE Sponsor to Pan African Merrill Lynch South Africa One Capital Joint Corporate Adviser and Sponsor to Harmony Independent Transaction Sponsor to Pan African J. P. Morgan Equities South Africa (Pty) Ltd Nedbank Capital Legal Counsel to Pan African Legal Counsel to Harmony Werksmans Inc. Edward Nathan Sonnenbergs Inc. PAN AFRICAN ENQUIRIES UK South Africa Pan African Resources Canaccord Genuity Limited - Nomad and Joint Broker Jan Nelson, Chief Executive Officer Rob Collins / Peter Stewart / Sebastian +27 (0) 11 243 2900 Jones / Joe Weaving +44 (0) 20 7523 8350 One Capital finnCap Limited - Joint Broker Sholto Simpson / Megan Young Elizabeth Johnson / Joanna Weaving +27 (0) 11 550 5000 +44 (0) 20 7220 0500 Vestor Investor Relations St James's Corporate Services Limited Louise Brugman Phil Dexter +27 (0) 11 787 3015 +44 (0) 20 7499 3916 +27 83 504 1186 Gable Communications Justine James +44 (0) 20 7193 7463 / +44 (0) 7525 324431 For further information on Pan African, please visit the website at www.panafricanresources.com HARMONY ENQUIRIES: Henrika Basterfield Investor Relations Officer +27 (0) 82 759 1775 (mobile) Marian van der Walt Executive: Corporate and Investor Relations +27 (0) 82 888 1242 (mobile) For further information on Harmony, please visit the website at www.harmony.co.za END -0- Feb/15/2013 08:00 GMT
PAN AFRICAN RESOURCES PLC: Acquisition of Evander becomes unconditional
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