Notification of Change in Auditor

Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
(“the Company”)

NOTIFICATION OF CHANGE IN AUDITOR

Shareholders are advised that following the completion of a competitive tender process, PricewaterhouseCoopers LLP has been appointed as the Company’s external auditor, effective 7 December 2018, replacing Deloitte and Touche LLP.

The change in audit firm is subject to approval by shareholders of the Company at the next annual general meeting of the Company. The Company initiated this change as a result of the adoption of an audit firm rotation process.

Rosebank
19 December 2018

Sponsor

Questco Corporate Advisory (Proprietary) Limited
Contact information

Corporate Office	Registered Office
The Firs Office Building	Suite 31, Second Floor
1st Floor, Office 101	107 Cheapside
Cnr. Cradock and Biermann Avenues	London
Rosebank, Johannesburg	EC2V 6DN
South Africa	United Kingdom
Office: + 27 (0) 11 243 2900	Office: + 44 (0) 20 7796 8644
Facsimile: + 27 (0) 11 880 1240

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) 20 7796 8644	Office: [phone]

Questco Corporate Advisory (Proprietary) Limited
JSE Sponsor
Office: [phone]