Directorate Change

Pan African Resources PLC
("Pan African" or “the company" or “the group”)

(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

RESIGNATION OF NON-EXECUTIVE DIRECTOR

In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are informed of the resignation of Mr Rowan Smith as an independent non-executive director with effect from
3 April 2019. Mr Smith has been an independent non-executive director for more than four years, and is resigning to pursue other interests. The board of directors, which now consists of three independent non-executive and two executive directors, has commenced a process to appoint a suitable replacement non-executive director.

Pan African Chairman Keith Spencer commented: “The board of directors would like to thank Rowan for his invaluable contribution to Pan African over the past years, and we wish him well in his future endeavours."

Rosebank

3 April 2019

Contact information
Corporate Office The Firs Office Building 2nd Floor, Office 204 Cnr. Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office:   + 27 (0)11 243 2900 Facsimile: + 27 (0)11 880 1240	Registered Office Suite 31 Second Floor 107 Cheapside London EC2V 6DN United Kingdom Office:   + 44 (0)20 7796 8644
Cobus Loots     Pan African Resources PLC   Chief Executive Officer Office: + 27 (0)11 243 2900	Deon Louw Pan African Resources PLC Financial Director Office: + 27 (0)11 243 2900
Phil Dexter St James's Corporate Services Limited Company Secretary Office: + 44 (0)20 7796 8644	John Prior/Paul Gillam Numis Securities Limited Nominated Adviser and Joint Broker Office: [phone]
Marian Gaylard Questco Corporate Advisory Proprietary Limited JSE Sponsor Office: + 27 (0)11 011 9200	Ross Allister/David McKeown Peel Hunt LLP Joint Broker Office: [phone]
Julian Gwillim Aprio Strategic Communications Public & Investor Relations SA Office: [phone]	Jeffrey Couch/Thomas Rider/Neil Elliot BMO Capital Markets Limited Joint Broker Office: [phone]
Bobby Morse/Chris Judd Buchanan Public & Investor Relations UK Office: [phone] [e-mail]	Website: www.panafricanresources.com