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 DEALING

 The Company was notified on 21 February 2013 that, on 21 February 2013, Mr J P
Nelson sold 135,600 ordinary shares (in which he had a direct beneficial
interest) of 1 pence each in the Company ("Shares"), at a price of ZAR2.65 per
Share, for a total consideration of ZAR359,340.

Following this on-market transaction, Mr Nelson has a direct beneficial
interest in 1,000,000 Shares, representing 0.05% of the issued share capital of
the Company.

In compliance with paragraph 3.66 of the JSE Limited Listings Requirements,
prior clearance to deal in the above securities was obtained.

Johannesburg

25 February 2013

 

JSE Sponsor                                                                    
                                                                               
One Capital                                                                    

 

PAN AFRICAN ENQUIRIES                                                          
                                                                               
 South Africa                 UK                                               
                                                                               
Pan African Resources        Canaccord Genuity Limited - Nomad and Joint Broker
                                                                               
Jan Nelson, Chief Executive  Andrew Chubb / Peter Stewart / Sebastian Jones /  
Officer                      Joe Weaving                                       
                                                                               
[phone]          [phone]                              
                                                                               
One Capital                  finnCap Limited - Joint Broker                    
                                                                               
Sholto Simpson / Megan Young Elizabeth Johnson / Joanna Weaving                
                                                                               
[phone]          [phone]                              
                                                                               
Vestor Investor Relations    St James's Corporate Services Limited             
                                                                               
Louise Brugman               Phil Dexter                                       
                                                                               
[phone]          [phone]                              
                                                                               
[phone]                                                                
                                                                               
                             Gable Communications                              
                                                                               
                             Justine James                                     
                                                                               
                             [phone] / [phone]        

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