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 15 June 2016 of the following dealings in respect of the Company’s ordinary shares:

Name of director/executive:	Casper Strydom
Company of which he is a director:	General Manager of Barberton Mines Pty Ltd, a major subsidiary of the Company
Date of transaction:	14 June 2016
Nature of transaction:	Sale of shares
Class of security:	Ordinary shares
Number of ordinary shares:	747,613
Price per ordinary share:	Various different trades with the following price information:
	- volume weighted average price of ZAR3.56
	- highest price of ZAR3.58
	- lowest price of ZAR3.55
Value of transaction:	ZAR2,661,502.28
Nature of interest of executive:	Beneficial
On-market or off-market:	On-market
Clearance given in terms of Paragraph 3.66:	Yes
Holding following transaction:	6,387

Johannesburg

15 June 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