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 the "Company")                        

DEALINGS IN SECURITIES BY A DIRECTOR

The Company was notified on 9 March 2015 of the following dealings in respect
of the Company's ordinary shares of 1 pence each ("Shares"):

Name of director:                       Thabo Mosololi                         
                                                                               
Company of which he is a director:      Pan African                            
                                                                               
Nature of transactions:                 Purchase                               
                                                                               
Class of securities:                    Shares                                 
                                                                               
On-market or off-market:                On-market                              
                                                                               
Nature of interest:                     Direct                                 
                                                                               
Clearance given in terms of Paragraph   Yes                                    
3.66:                                                                          
                                                                               
Date of transaction 1:                  6 March 2015                           
                                                                               
Number of securities:                   2,000                                  
                                                                               
Price per security:                     ZAR2.04                                
                                                                               
Value of transaction:                   ZAR4,080                               
                                                                               
Date of transaction 2:                  9 March 2015                           
                                                                               
Number of securities:                   28,000                                 
                                                                               
Price per security:                     ZAR2.07                                
                                                                               
Value of transaction:                   ZAR57,960                              

Following this transaction Mr Mosololi's total direct interest in Pan African
is 30,000 Shares, representing 0.0016% of the issued share capital of the
Company.

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                             Peter Stewart                          
                                                                               
St James's Corporate Services Limited   Canaccord Genuity Limited              
                                                                               
Company Secretary                       Nominated Adviser                      
                                                                               
Office: + 44 (0)207 796 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 Thöle                           
                                                                               
Aprio Strategic Communications          Bell Pottinger PR                      
                                                                               
Public & Investor Relations SA          Public & Investor Relations UK         
                                                                               
Office: [phone]              Office: + 44 (0)203 772 2500           

For further information on Pan African, please visit the website at
www.panafricanresources.com

10 March 2015

Sponsor: One Capital