PAN: Report on Change in Ownership of Major Shareholder

Report on change in ownership of a major shareholder of PAN Pacific Corporation:

*    Security code: PAN

1.   Name of institutional investor: Mutual Fund Populus

-         Number and proportion of shares owned by investor before traded on current outstanding shares: 2,000,000 shares (9.98%)

-         Number of shares transferred: 2,000,000 shares from Oct 01, 2013 to merger Mutual Fund Elite (Non-Ucits)

-         Number and proportion of shares owned by investor after trading on total number of current outstanding shares: 0 share (0.00%)

-         Number of shares owned by the affiliated person: 0

-         Date of ownership changes: October 01, 2013

2.   Name of institutional investor: Mutual Fund Elite (Non-Ucits)

-         Number and proportion of shares owned by investor before traded on current outstanding shares: 0 share (0.00%)

-         Number of shares received: 2,000,000 shares from Oct 01, 2013 to merger Mutual Fund Elite (Non-Ucits)

-         Number and proportion of shares owned by investor after trading on total number of current outstanding shares: 2,000,000 (9.98%)

-         Number of shares owned by the affiliated person: 0

-         Date of ownership changes: October 01, 2013

HOSE

>   DPR: Report on Change in Ownership ratio of Major Shareholder (08/10/2013)

>   KDH: Report on Change in Ownership of Major Shareholder (08/10/2013)

>   MHC: Trading result and transaction of inside shareholder (08/10/2013)

>   NHS: Transaction of inside shareholder (08/10/2013)

>   AGR: Transaction of inside shareholder (08/10/2013)

>   CTD: Transaction of affiliated person (08/10/2013)

>   MHC: Transaction of inside shareholder (08/10/2013)

>   ITD: Trading result of affiliated person (08/10/2013)

>   KHA: Trading result of affiliated institution (08/10/2013)

>   TTF: Trading result of inside shareholder (08/10/2013)