Correction : Salient Dividend Dates

Please note that the announcement released this morning incorrectly referred to
the payment date as Friday, 24 December. This should have read Thursday, 24
December and a corrected announcement is issued below

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: GB0004300496

Salient Dividend Dates

At the Annual General Meeting of the Company held on Friday, 27 November 2015 shareholders approved the payment of a final dividend of 11.46604 cents per share, equivalent to 0.53108 pence per share, converted at the rate of ZAR21.59 : GBP 1.00 on the currency conversion date.

The salient dates of the dividend payment are as follows:

	2015
Currency conversion date	Friday, 27 November
Last date to trade on the JSE	Friday, 4 December
Ex-Dividend date on the JSE	Monday, 7 December
Ex-Dividend date on the LSE	Thursday, 10 December
Record date	Friday, 11 December
Payment date	Thursday, 24 December

1. No transfers between the Johannesburg and London registers between commencement of trading on Monday, 30 November 2015 and close of business on Friday, 11 December 2015 will be permitted.
2. No shares may be dematerialised or rematerialised between Monday, 7 December 2015 and Friday, 11 December 2015, both days inclusive.

The local dividends tax rate is fifteen percent per ordinary share and therefore shareholders who are liable to pay the dividends tax will receive a net dividend of 9.74613 cents per share (0.45142 pence per share).  The Company’s South African income tax reference number is 9154588173 and it has 1,831,494,763 shares currently in issue.

Johannesburg

30 November 2015

Contact Details

Corporate Office

The Firs Office Building

1st Floor, Office 101

Cnr. Cradock and Biermann Avenues

Rosebank, Johannesburg

South Africa

Office:   + 27 (0) 11 243 2900

Facsmile: + 27 (0) 11 880 1240

Registered Office

Suite 31

Second Floor

107 Cheapside

London

EC2V 6DN

United Kingdom

Office:   + 44 (0)20 7796 8644

Facsmile: + 44 (0)20 7796 8645

Cobus Loots                                                        Deon Louw

Pan African Resources PLC                            Pan African Resources PLC

Chief Executive Officer                                   Financial Director

Office: + 27 (0)11 243 2900                             Office: + 27 (0) 11 243 2900

Phil Dexter                                                           John Prior / Paul Gillam

St James's Corporate Services Limited     Numis Securities Limited

Company Secretary                                                              Nominated Adviser and Joint Broker

Office: + 44 (0)20 7796 8644                          Office: [phone]

Sholto Simpson                                                  Matthew Armitt / Ross Allister

One Capital                                                          Peel Hunt LLP

JSE Sponsor                                                         Joint Broker

Office: + 27 (0)11 550 5009                             Office: [phone]

Julian Gwillim                                                     Daniel Thole

Aprio Strategic Communications                 Bell Pottinger PR

Public & Investor Relations SA                     Public & Investor Relations UK

Office: [phone]                              Office: + 44 (0)203 772 2500

www.panafricanresources.com