PAN AFRICAN RESOURCES PLC

Board/Management Information • Feb 20, 2015

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PAN AFRICAN RESOURCES PLC - Appointment of Financial Director

PR Newswire

London, February 20

                       Pan African Resources PLC                ("Pan African" or "the Company" or "the Group")(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: GB0004300496APPOINTMENT OF NEW FINANCIAL DIRECTOR ("FD")Pan African wishes to advise shareholders it will appoint Deon Louw (52) as FDof the Company, to replace Cobus Loots who, as previously announced, willbecome CEO. Both appointments will take effect from 1 March 2015.Mr. Gideon Petrus Louw is a South African qualified chartered accountant and aCFA® charterholder. He also holds a Higher Diploma in Tax Law. Most recentlyMr. Louw was the FD of the JSE-listed mining services group Sentula MiningLimited, a position he held from 2007 to 2014. He was also previously the headof structured resource finance at Investec Bank Limited.Keith Spencer, Chairman of Pan African, commented: "The Board welcomes Deon andwe wish him well in his new role. We are confident that his extensiveexperience in the South African mining sector will add value to the Pan Africanbusiness".For further information on Pan African, please visit the Company's website atwww.panafricanresources.com20 February 2015Contact DetailsCorporate OfficeThe Firs Office Building1st Floor, Office 101Cnr. Cradock and Biermann AvenuesRosebank, JohannesburgSouth AfricaOffice: + 27 (0) 11 243 2900Facsmile: + 27 (0) 11 880 1240Registered OfficeSuite 31Second Floor107 CheapsideLondonEC2V 6DNUnited KingdomOffice: + 44 (0) 207 796 8644Facsmile: + 44 (0) 207 796 8645Ron 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                                 Peter StewartSt James's Corporate Services Limited       Canaccord Genuity LimitedCompany Secretary                           Nominated AdviserOffice: + 44 (0)207 796 8644                Office: +44 (0)207 523 8000Sholto Simpson                              Matthew Armitt / Ross AllisterOne Capital                                 Peel Hunt LLPJSE Sponsor                                 Joint BrokerOffice: + 27 (0)11 550 5009                 Office: +44 (0)020 7418 8900Julian 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 2500

www.panafricanresources.com