Dealings by an Associate of a Non-Executive Dir...

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

DEALINGS BY AN ASSOCIATE OF A NON-EXECUTIVE DIRECTOR

The Company was notified on Tuesday 18 October 2011 that Pangea Exploration
(Pty) Ltd ("Pangea"), a private company of which Mr Rob Still is a director,
had declared a dividend in specie (the "Dividend") to its shareholders on
Saturday, 1 October 2011. Mr Still is also a trustee of the Alexandra Trust a
major shareholder of Pangea.

The Alexandra Trust received 12,430,900 ordinary shares of 1 pence each in the
Company ("Shares") at a price of ZAR1.46 per Share, with a total value of
ZAR18,149,114, as a consequence of the Dividend.

Following this off-market transaction Mr Still's total direct, beneficial
interest in Pan African remains unchanged at 2,000,000 Shares, representing
0.14% of the issued share capital of the Company as well as his total indirect,
non-beneficial interest of 16,755,308 Shares representing 1.16% of the issued
share capital of the Company.

Mr Still did not receive any direct or indirect benefit from this off-market
transaction.

Johannesburg

20 October 2011

JSE Sponsor

MACQUARIE FIRST SOUTH CAPITAL (PTY) LIMITED

For further information on Pan African Resources plc, please visit the website
at www.panafricanresources.com.

Enquiries:

Pan African Resources

Jan Nelson, Chief Executive Officer

[phone]

Nicole Spruijt, Public Relations

[phone]

RBC Capital Markets

Martin Eales / James Kelly

[phone]

Macquarie First South Capital (Pty) Limited

Melanie de Nysschen / Annerie Britz / Yvette Labuschagne

[phone]

St James's Corporate Services Limited

Phil Dexter

[phone]

Gable Communications

Justine James

[phone]