Salient Dividend Dates

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")

                            Salient Dividend Dates                             

At the Annual General Meeting of the Company held today shareholders approved
the payment of a final dividend of 14.10000 ZAR cents per share, equivalent to
0.81268 pence per share, converted at the rate of ZAR17.35000 : GBP 1.00 on the
currency conversion date.

The salient dates of the dividend payment are as follows:

                                        2014                                   
                                                                               
Currency conversion date                Thursday, 20 November                  
                                                                               
Last date to trade on the JSE           Friday, 28 November                    
                                                                               
Ex-Dividend date on the JSE             Monday, 1 December                     
                                                                               
Ex-Dividend date on the LSE             Thursday, 4 December                   
                                                                               
Record date                             Friday, 5 December                     
                                                                               
Payment date                            Friday, 19 December                    

 1. No transfers between the Johannesburg and London registers between
    commencement of trading on Friday, 21 November 2014 and close of business
    on Friday, 5 December 2014 will be permitted.
   
 2. No shares may be dematerialised or rematerialised between Monday, 1
    December 2014 and Friday, 5 December 2014, both days inclusive.
   
The Company has Secondary Tax on Companies credits of ZAR371,639,126 (which
equates to ZAR20.30821 cents per share) available for set-off against the South
African dividend withholding tax liability of which 14.10000 ZAR cents per
share will be utilised for this dividend. Accordingly, no dividend withholding
tax will be deducted from the gross dividend declared. The Company's South
African income tax reference number is 9154588173 and it has 1,829,994,763
shares currently in issue.

Johannesburg

21 November 2014

Pan African Resources Enquiries

Ron Holding                             Cobus Loots                            
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                             Neil Elliot / Peter Stewart            
St James's Corporate Services Limited   Canaccord Genuity Limited              
Company Secretary                       Nominated Adviser and Joint Broker     
Office: + 44 (0)20 7796 8647            Office: [phone]            

Matthew Armitt / Ross Allister          Sholto Simpson                         
Peel Hunt LLP                           One Capital                            
Joint Broker                            JSE Sponsor                            
Office: [phone]            Office: + 27 (0) 11 550 5009           

Julian Gwillim                          Daniel Thöle                           
Aprio Strategic Communications          Bell Pottinger PR                      
Public & Investor Relations SA          Public & Investor Relations UK         
Office: [phone]              Office: + 44 (0) 203 772 2500          

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