Director/PDMR Shareholding

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 "Company")

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF PAN AFRICAN

Pan African shareholders are advised of the dealing in securities by an
associate of a Pan African director with respect to excess shares ("Excess
Shares"), issued pursuant to the Company's R703 million rights offer ("Rights
Offer") which closed on 11 January, 2013.

Name of director: R G Still

Designation: Non-executive director

Name of associate: The Alexandra Family Trust ("Trust")

Relationship with director: R G Still is a trustee of the Trust

Date of transaction: 16 January 2013

Nature of transaction: Excess Shares issued to the Trust pursuant to the Trust
applying for Excess Shares in terms of the Rights Offer

Class of security: Ordinary shares

Number of securities: 72, 836

Subscription price per security: R1.90

Total value of transaction: R138,388.40

Confirmation of on-market or off-market: Off-market

Nature of director's interest: Indirect non-beneficial

In compliance with paragraph 3.66 of the JSE Listings Requirements, prior
clearance to deal in the above securities was obtained in accordance with the
Company's trading policy.

16 January 2013

Sponsor

One Capital

Enquiries                            UK                                        
                                                                               
South Africa                                                                   
                                                                               
Pan African Resources                Canaccord Genuity Limited - Nomad and     
                                     Joint Broker                              
Jan Nelson, Chief Executive Officer                                            
                                     Rob Collins / Peter Stewart / Sebastian   
[phone]                  Jones / Joe Weaving                       
                                                                               
                                     [phone]                      
                                                                               
One Capital                          finnCap Limited - Joint Broker            
                                                                               
Sholto Simpson / Megan Young         Elizabeth Johnson / Joanna Weaving        
                                                                               
[phone]                  [phone]                      
                                                                               
Vestor Investor Relations            St James's Corporate Services Limited     
                                                                               
Louise Brugman                       Phil Dexter                               
                                                                               
[phone]                  [phone]                      
                                                                               
[phone]                                                                
                                                                               
                                     Gable Communications                      
                                                                               
                                     Justine James                             
                                                                               
                                     [phone] / [phone]