Holding(s) in Company

31 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 30 December 2010 that Mr R Still had sold 700,000
ordinary shares of 1 pence each in the Company ("Shares") at a price of ZAR1.14
per Share, for a total consideration of ZAR794,172.84.

Following this transaction Mr Still has a direct interest in 2,000,000 Shares,
representing 0.14% 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)   St James's Corporate Services Limited 
Ltd                                                                          
                                                                             
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