Holding(s) in Company

15 December 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 & DIRECTOR'S DEALINGS

The Company was notified on 14 December 2010 that Mr R Still had sold 600,000
ordinary shares of 1 pence each in the Company ("Shares") at a price of ZAR1.12
per Share, for a total consideration of ZAR668,892.31.

Following this transaction Mr Still has a direct interest in 2,700,000 Shares,
representing 0.19% of the issued share capital of the Company and a total
indirect, non-beneficial interest in 41,824,408 Shares representing 2.90% of
the issued share capital of the Company.

Enquiries

South Africa                               UK                                
                                                                             
Pan African                                RBC Capital Markets               
                                                                             
Jan Nelson, Chief Executive Officer        Martin Eales / Pierre Schreuder   
                                                                             
[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