PAN AFRICAN RESOURCES PLC

Director's Dealing • May 8, 2014

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PAN AFRICAN RESOURCES PLC - Director/PDMR Shareholding

PR Newswire

London, May 7

                       Pan African Resources PLC(Incorporated and registered in England and Wales under Companies Act 1985 with                registered number 3937466 on 25 February 2000)                                 AIM Code: PAF                                 JSE Code: PAN                              ISIN: GB0004300496                       ("Pan African" or "the Company")             DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTORIn compliance with paragraph 3.63 to 3.66 of the JSE Limited ListingsRequirements, shareholders of Pan African are hereby advised that the Companywas notified of the following dealings in securities by an associate of adirector on 6 May 2014:Name of director:                   RG StillName of associate of director:      Alexandra Trust ("the Trust")Relationship:                       Mr Still is a trustee of the TrustNature of transaction:              Disposal by the Trust to adjust its                                    portfolio of investmentsDate of transaction:                2 - 6 May 2014Class of security:                  Ordinary shares ("Shares")Number of ordinary shares:          4 312 700Average price per ordinary share:   ZAR 2.70Value of transaction:               ZAR 11,659,496Nature of interest:                 Indirect non-beneficialOn-market or off-market:            On-marketClearance given in terms of         YesParagraph 3.66:The Trust's remaining holding in Pan African after the sale is 7,000,000Shares, representing 0.38% of the issued share capital of the Company. MrStill's total direct, beneficial interest in Pan African remains unchanged at2,510,000 Shares, representing 0.14% of the issued share capital of the Companyas well as his indirect, non-beneficial interest held through PangeaExploration (Proprietary) Limited of 2,251,214 Shares, representing 0.12% ofthe issued share capital.Johannesburg8 May 2014JSE SponsorOne CapitalPAN AFRICAN ENQUIRIES                UKSouth AfricaPan African Resources                Canaccord Genuity LimitedMr Ron Holding                       Nomad and Joint BrokerChief Executive Officer              Neil Elliot / Peter Stewart / Joe Weaving+27 (0) 11 243 2900                  +44 (0) 20 7523 8350Vestor Investor Relations            finnCap LimitedLouise Brugman                       Joint Broker+27 (0) 11 787 3015                  Elizabeth Johnson / Joanna Weaving+27 83 504 1186                      +44 (0) 20 7220 0500One Capital                          St James's Corporate Services LimitedPrelini Moonsamy                     Phil Dexter+27 (0) 11 550 5000                  +44 (0) 20 7796 8647                                     Gable Communications                                     Justine James                                     +44 (0) 20 7193 7463 / +44 (0) 7525 324431For further information on Pan African, please visit the website atwww.panafricanresources.com