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

The Company was notified on 19 April 2016 of the following dealings in respect of the Company’s ordinary shares:

Name of director/executive:	Neal Reynolds
Company of which he is a director:	Director of Emerald Panther Investments 91 Proprietary Ltd, Pan African Resources Funding Company Pty Ltd, Evander Gold Mines Ltd, Evander Gold Mining Pty Ltd and alternate director on Barberton Mines Pty Ltd, major subsidiaries of the Company
Name of associate of director:	NA Reynolds Family Trust (“Trust”) of which Neal Reynolds is a trustee and beneficiary
Date of transaction:	19 April 2016
Nature of transaction:	Sale of shares by the Trust
Class of security:	Ordinary shares
Number of ordinary shares:	100,000
Price per ordinary share:	ZAR3.11
Value of transaction:	ZAR311,000
Nature of interest of executive:	Indirect beneficial
On-market or off-market:	On-market
Clearance given in terms of Paragraph 3.66:	Yes

Johannesburg

19 April 2016

JSE Sponsor
One Capital

CONTACT INFORMATION

Corporate Office

The Firs Office Building

1st Floor, Office 101

Cnr. Cradock and Biermann Avenues

Rosebank, Johannesburg

South Africa

Office: [phone]

Facsimile: [phone]

Registered Office

Suite 31

Second Floor

107 Cheapside

London

EC2V 6DN

United Kingdom

Office: [phone]

Facsimile: [phone]

Cobus Loots	Deon Louw
Pan African Resources PLC	Pan African Resources PLC
Chief Executive Officer	Financial Director
Office: [phone]	Office: [phone]
Phil Dexter	John Prior / Paul Gillam / James Black
St James's Corporate Services Limited	Numis Securities Limited
Company Secretary	Nominated Adviser & Joint Broker
Office: [phone]	Office: [phone]
Sholto Simpson	Matthew Armitt / Ross Allister
One Capital	Peel Hunt LLP
JSE Sponsor	Joint Broker
Office: [phone]	Office: [phone]

Julian Gwillim	Daniel Thöle/ Richard Crowley/ Aarti Iyer
Aprio Strategic Communications	Bell Pottinger PR
Public & Investor Relations SA	Public & Investor Relations UK
Office: [phone]	Office: [phone]

www.panafricanresources.com