PAN AFRICAN RESOURCES PLC

Declaration of Voting Results & Voting Rights Announcements • Nov 21, 2014

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PAN AFRICAN RESOURCES PLC - Result of AGM

PR Newswire

London, November 21

                       Pan African Resources PLC(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                       ("Pan African" or the "Company")                       RESULTS OF ANNUAL GENERAL MEETINGPan African shareholders are advised that at the annual general meeting ("AGM")of shareholders held on Friday, 21 November 2014, all the ordinary and specialresolutions, as set out in the notice of AGM dated 29 October 2014, wereapproved by the requisite majority of shareholders present or represented byproxy.The total number of Pan African shares eligible to vote at the AGM is1,829,994,763. The number of shares voted in person or by proxy was1,623,706,516 representing 88.73% of the total issued share capital of the sameclass of Pan African.All resolutions proposed at the AGM, together with the percentage of sharesabstained, as well as the percentage of votes carried for and against eachresolution, are as follows:Resolution number 1 (Ordinary resolution): To receive the Accounts and thereports of the directors and auditors thereonShares Voted        Abstained           For                 Against1,375,675,018       6,155               100%                0%(75.17%)            (0.00%)Resolution number 2 (Ordinary resolution): To approve the payment of a finaldividend for the year ended 30 June 2014Shares Voted        Abstained           For                 Against1,375,675,018       5,524               100%                0%(75.17%)            (0.00%)Resolution number 3 (Ordinary resolution): To re-elect Mrs H H Hickey as amember of the Audit CommitteeShares Voted        Abstained           For                 Against1,375,675,018       27,483              98.73%              1.27%(75.17%)            (0.00%)Resolution number 4 (Ordinary resolution): To re-elect Mr K C Spencer as amember of the Audit CommitteeShares Voted        Abstained           For                 Against1,375,675,018       27,483              73.49%              26.51%(75.17%)            (0.00%)Resolution number 5 (Ordinary resolution): To re-elect Mr T Mosololi as amember of the Audit CommitteeShares Voted        Abstained           For                 Against1,375,675,018       27,483              98.73%              1.27%(75.17%)            (0.00%)Resolution number 6 (Ordinary resolution): To endorse the Company'sRemuneration PolicyShares Voted        Abstained           For                 Against1,375,675,018       248,031,498         83.53%              16.47%(75.17%)            (13.55%)Resolution number 7 (Ordinary resolution): To re-elect Mr J A J Loots as aDirector of the CompanyShares Voted        Abstained           For                 Against1,375,675,018       27,483              87.06%              12.94%(75.17%)            (0.00%)Resolution number 8 (Ordinary resolution): To re-elect Mrs H H Hickey as aDirector of the CompanyShares Voted        Abstained           For                 Against1,375,675,018       27,483              98.73%              1.27%(75.17%)            (0.00%)Resolution number 9 (Ordinary resolution): To re-elect Mr T Mosololi as aDirector of the CompanyShares Voted        Abstained           For                 Against1,375,675,018       27,483              98.73%              1.27%(75.17%)            (0.00%)Resolution number 10 (Ordinary resolution): To re-elect Mr R M Smith as aDirector of the CompanyShares Voted        Abstained           For                 Against1,375,675,018       27,483              98.73%              1.27%(75.17%)            (0.00%)Resolution number 11 (Ordinary resolution): To re-appoint Deloitte LLP asauditors of the Company and to authorise the Directors to determine theirremunerationShares Voted        Abstained           For                 Against1,375,675,018       38,147              97.47%              2.53%(75.17%)            (0.00%)Resolution number 12 (Ordinary resolution): To authorise the Directors to allotequity securitiesShares Voted        Abstained           For                 Against1,375,675,018       30,483              91.36%              8.64%(75.17%)            (0.00%)Resolution number 13 (Special resolution): To approve market purchases ofOrdinary SharesShares Voted        Abstained           For                 Against1,375,675,018       5,524               90.12%              9.88%(75.17%)            (0.00%)Notes  \* Percentages of shares voted are calculated in relation to the total issued    share capital of Pan African eligible to vote  \* Percentage of shares for and against are calculated in relation to the    total number of shares voted at the AGM  \* Abstentions are calculated as a percentage in relation to the total issued    share capital of Pan African eligible to vote21 November 2014Pan African Resources EnquiriesRon Holding                             Cobus LootsPan African Resources PLC               Pan African Resources PLCChief Executive Officer                 Financial DirectorOffice: + 27 (0) 11 243 2900            Office: + 27 (0) 11 243 2900Phil Dexter                             Neil Elliot / Peter StewartSt James's Corporate Services Limited   Canaccord Genuity LimitedCompany Secretary                       Nominated Adviser and Joint BrokerOffice: + 44 (0)20 7796 8647            Office: +44 (0)207 523 8350Matthew Armitt / Ross Allister          Sholto SimpsonPeel Hunt LLP                           One CapitalJoint Broker                            JSE SponsorOffice: +44 (0)020 741 8900             Office: + 27 (0)11 550 5009Julian Gwillim                          Daniel ThöleAprio Strategic Communications          Bell Pottinger PRPublic & Investor Relations SA          Public & Investor Relations UKOffice: +27 (0)11 880 0037              Office: + 44(0) 203 772 2500www.panafricanresources.com