PAN AFRICAN RESOURCES PLC - Salient dividend dates

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” or the “Group”)



SALIENT DIVIDEND DATES

Shareholders are referred to the Group’s results that were released on 21 September 2016, wherein
an exchange rate of South African Rand (“ZAR”) to the British Pound (“GBP”), ZAR/GBP: 18.7500
was used for illustrative purposes to convert the proposed ZAR dividend of ZAR0.15438 per share
into GBP.

Shareholders are advised that, should the proposed dividend be approved at the Annual General
Meeting of the Company scheduled for Friday, 25 November 2016, the exchange rate for conversion
of the ZAR dividend into GBP will be a fixed exchange rate of ZAR/GBP: 17.5787.

Assuming the final dividend is approved by shareholders, the following salient dates would apply:

                                                     2016
 Currency conversion date                            11 October, Wednesday
 Last date to trade on the exchanges                 06 December, Tuesday
 Ex-Dividend date on the JSE                         07 December, Wednesday
 Ex-Dividend date on the LSE                         08 December, Thursday
 Record date                                         09 December, Friday
 Payment date                                        22 December, Thursday

1. No transfers between the Johannesburg and London registers between the commencement of
   trading on Monday, 5 December 2016 and close of business on Friday, 9 December 2016 will be
   permitted.
2. No shares may be dematerialised or rematerialised between Wednesday, 7 December 2016 and
   Friday, 9 December 2016, both days inclusive.

The proposed final dividend was calculated on 1,943,206,554 shares in issue and an exchange rate
of ZAR/GBP: 17.5787, which translates to a final dividend of 0.87822 pence per share, which is a
6.7% increment on the illustrative dividend per share of 0.82338 pence per share referred to in the
Group’s results announcement.

The South African dividends tax rate is fifteen percent per ordinary share and therefore shareholders
who are liable to pay the dividends tax will receive a net dividend of ZAR0.13122 cents per share
(0.74649 pence per share). Foreign investors may qualify for a lower dividend tax rate, subject to
completing a dividend tax declaration and submitting it to Computershare Limited or Capita Plc who
manage the SA and UK register, respectively. The Company's South African income tax reference
number is 9154588173.



Johannesburg
13 October 2016

CONTACT INFORMATION

Corporate Office
The Firs Office Building
1st Floor, Office 101
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) 207 796 8644
Facsimile: + 44 (0) 207 796 8645

Cobus Loots                             Deon Louw
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                             John Prior / Paul Gillam
St James's Corporate Services Limited   Numis Securities Limited
Company Secretary                       Nominated Adviser and Joint Broker
Office: + 44 (0) 207 796 8644           Office: +44 (0) 20 7260 1000

Sholto Simpson                          Matthew Armitt / Ross Allister
One Capital                             Peel Hunt LLP
JSE Sponsor                             Joint Broker
Office: + 27 (0) 11 550 5009            Office: +44 (0) 207 418 8900

Julian Gwillim                          Daniel Thöle
Aprio Strategic Communications          Bell Pottinger PR
Public & Investor Relations SA          Public & Investor Relations UK
Office: +27 (0)11 880 0037              Office: + 44 (0) 203 772 2500

Jeffrey Couch/Neil Haycock/Thomas Rider
BMO Capital Markets Limited
Joint Broker
Office: +44 (0) 207 236 1010

www.panafricanresources.com

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