PAN AFRICAN RESOURCES PLC - Pan African Successfully Concludes Wage Negotiations At Barberton Mines

Pan African Successfully Concludes Wage Negotiations At Barberton Mines

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”)


PAN AFRICAN SUCCESSFULLY CONCLUDES WAGE NEGOTIATIONS AT BARBERTON MINES


Pan African shareholders are hereby informed that the Company has successfully entered into a two
year agreement with the National Union of Mineworkers (“NUM”) and the United Association of
South Africa (“UASA”) on wages and other conditions of employment for employees at its Barberton
Mines (Proprietary) Limited operation (“Barberton Mines”), for the financial years ending 30 June
2014 and 30 June 2015.

The average Barberton salary and wage bill increase for these financial years will amount to
approximately 8% per annum, effective from 1 July 2013.

CEO of Pan African, Ron Holding commented: “This agreement concludes all of our wage discussions
for 2013 and finalises both Evander and Barberton’s wage negotiations for the next two financial
years.”


Johannesburg
2 October 2013

JSE Sponsor
One Capital

PAN AFRICAN ENQUIRIES
South Africa                                           UK

Pan African Resources                                  Canaccord Genuity Limited
Mr Ron Holding                                         Nomad and Joint Broker
Chief Executive Officer                                Andrew Chubb / Peter Stewart / Joe Weaving
+27 (0) 11 243 2900                                    +44 (0) 20 7523 8350

Vestor Investor Relations                              finnCap Limited
Louise Brugman                                         Joint Broker
+27 (0) 11 787 3015                                    Elizabeth Johnson / Joanna Weaving
+27 83 504 1186                                        +44 (0) 20 7220 0500

One Capital                                            St James’s Corporate Services Limited
Liezl Gildenhuys                                       Phil Dexter
+27 (0) 11 550 5000                                    +44 (0) 20 7499 3916

                                                       Gable Communications
                                                       Justine James
                                                       +44 (0) 20 7193 7463 / +44 (0) 7525 324431

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

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