Holding in Company & Directors' Dealings

12 November 2010

                           Pan African Resources PLC                           

                       (`Pan African' or the `Company')                        

Incorporated and registered in England and Wales under Companies Act 1985 with 

                 registered number 3937466 on 25 February 2000                 

                               AIM: PAF/JSE: PAN                               

                              ISIN: GB0004300496                               

HOLDING IN COMPANY & DIRECTORS' DEALINGS

The Company was notified on 10 November 2010 and 11 November 2010 that Pangea
Exploration (Pty) Limited ("Pangea") had sold a total of 1,250,000 ordinary
shares of 1 pence each in the Company ("Shares") at an average price of ZAR1.25
per Share for a total consideration of ZAR1,563,050.  Pangea's remaining
holding in Pan African after the sale is 43,876,605 Shares, representing 3.07%
of the issued share capital of the Company.

Mr Robert Still, a non-executive director of the Company, is also a director of
Pangea and a trustee of a family trust which owns 33.33% of Pangea.  Mr Still
is therefore deemed to have an indirect, non-beneficial interest in Pangea's
holding in the Company. 

The Company was informed on 12 November 2010 that Mr Cobus Loots, the Company's
Financial Director, sold 65,000 Shares on 11 November 2010, on market at a
price of ZAR1.22 per Share for a total consideration of ZAR79,300. The sale was
made under clearance given by the Chairman of the Company.

Following the sale Mr Loots has an interest in 65,000 Shares, representing
0.005% of the issued share capital of the Company.

Enquiries

South Africa                               UK                                
                                                                             
Pan African                                RBC Capital Markets               
                                                                             
Jan Nelson, Chief Executive Officer        Martin Eales / Brett Jacobs       
                                                                             
[phone]                        [phone]              
                                                                             
Macquarie First South Advisers (Pty) Ltd   St James's Corporate Services     
                                           Limited                           
Melanie de Nysschen / Yvette Labuschagne /                                   
Annerie Britz                              Phil Dexter                       
                                                                             
[phone]                        [phone]              
                                                                             
Vestor Media & Investor Relations          Hansard Communications            
                                                                             
Louise Brugman                             Justine James                     
                                                                             
[phone]                        [phone] / +44 (0)    
                                           7525 324431