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”)

DIRECTOR’S DEALINGS IN SECURITIES

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Bertin McLeod
2.	Reason for the notification
a)	Position/status:	Head of Phoenix Platinum Mining Proprietary Limited (“Phoenix Platinum”)
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Company name:	Phoenix Platinum, a subsidiary of Pan African
b)	LEI:	Not applicable
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument:	Ordinary shares of 1p each Identification code: GB0004300496
b)	Nature of the transaction:	Acquisition of ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) ZAR3.40 24,000
d)	Aggregated information:	Total Volume(s) ZAR81,600 24,000
e)	Date of the transaction:	4 November 2016
f)	Place of the transaction:	Johannesburg Stock Exchange

Additional information disclosed in accordance with the JSE Listings Requirements:

a)	Nature of interest of executive:	Beneficial
b)	On-market or off-market:	On-market
c)	Clearance given in terms of paragraph 3.66 of the JSE Listings Requirements:	Yes
d)	Holding following transactions:	77,400

Johannesburg

7 November 2016

CONTACT INFORMATION

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
Facsimile: + 27 (0) 11 880 1240

Registered Office

Suite 31
Second Floor
107 Cheapside
London
EC2V 6DN
United Kingdom

Office:   + 44 (0) 207 796 8644
Facsimile: + 44 (0) 207 796 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) 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

Jeffrey Couch/Neil Haycock/Thomas Rider
BMO Capital Markets Limited
Joint Broker
Office: [phone]

www.panafricanresources.com