PAN AFRICAN RESOURCES PLC - Pan African Resources strengthens board with appointment of Rowan Smith

Pan African Resources strengthens board with appointment of Rowan Smith

Pan African Resources PLC
(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
("Pan African Resources" or the "Company")

Pan African Resources strengthens board with appointment of Rowan Smith

Further to the announcement released on 2 July 2014, Pan African Resources, the African focused precious metals
producer, is pleased to confirm the formal appointment of Rowan M. Smith as a Non-Executive Director, who will join
the board of the Company (the “Board”) with immediate effect.

Rowan is a qualified geologist with significant mining and business expertise and experience. He has spent over 20
years in the minerals and investment banking industries in Africa.

Most recently Rowan was Managing Director of Shanduka Resources, which he was involved with since its inception
in 2002. His experience also includes geological valuation work for Rand Mines, seven years with Société Générale
de Surveillance, and four years as a Director of Investec Bank's Resource Finance Division.

Keith Spencer, Chairman of the Board, commented: “The Board is delighted to welcome Rowan to the Company. His
skills and experience, both operationally and commercially, will strengthen Pan African Resources’ expertise in these
areas as the Company looks to build on its successful precious metals operations.”

Further information on Rowan Smith

Rowan Smith, aged 50, is currently a director of the following companies:

    -   Hlanganani Capital
    -   Jordan River Investments
    -   Rail2Rail Holdings
    -   Dawnstar Capital

Within the last five years, Mr. Smith has been a director of the following companies:

    -   Shanduka Group (Pty) Limited
    -   Shaduka Resources (Pty) Limited
    -   Shanduka Coal Investments (Pty) Limited
    -   Shanduka Gold (Pty) Limited
    -   Shanduka Newsprint (Pty) Ltd
    -   Shanduka Packaging (Pty) Ltd
    -   Kangra Coal (Pty) Ltd
    -   Mondi Shanduka Newsprint SA (Pty) Ltd
    -   Main Street 343 (Pty) Ltd
    -   Pan African Resources Plc
    -   Shanduka Coal (Pty) Ltd
    -   Rapid Coal (Pty) Ltd
    -   Wakefield Investments (Pty) Ltd
    -   Side Minerals (Pty) Ltd
    -   Leeufontein Myne (Pty) Ltd
    -   Bankfontein Properties (Pty) Ltd
    -   Springboklaagte Mining (Pty) Ltd
    -   Lexshell 99 General Trading (Pty) Ltd
    -   Graspan Coliery (Pty) Ltd
    -   Shanduka Exploration (Pty) Ltd
    -   Assore Limited
    -   Emgen Coal (Pty) Ltd
    -   Treewaters Fuel (Pty) Ltd
    -   Carnarvon Anthracite Coal (Pty) Ltd
    -   Springlake Mining South Africa Limited
    -   Springlake Holdings (Pty) Ltd

Save as set out in this announcement, there are no further matters to be disclosed under paragraph (g) of Schedule 2
of the AIM Rules for Companies.

8 September 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 Corp Services Limited                Canaccord Genuity Limited
 Company Secretary                               Nominated Adviser and Joint Broker
 Office: + 44 (0) 207 499 3916                   Office: +44 (0)207 523 8350

 Matthew Armitt / Ross Allister                  Sholto Simpson
 Peel Hunt LLP                                   One Capital
 Joint Broker                                    JSE Sponsor
 Office: +44 (0)020 741 8900                     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: +27 (0)11 880 0037                      Office: + 44 (0) 203 772 2500

www.panafricanresources.com


Notes to Editors


Pan African is a mid-tier precious metals producer, listed on the AIM market in London and the JSE in South Africa.
With all five of its operations in South Africa, Pan African currently produces c200koz of gold and c8koz of PGM’s per
annum. The Company’s strategic focus is on the exploitation of high grade ore-bodies that yield high margins with a
relatively low cost base. Pan African’s portfolio consists of the Barberton gold mine; the Barberton Tailings
Retreatment Plant (BTRP); the Evander gold mine; the Evander Tailings Retreatment Plant (under construction) and
the Phoenix Chrome Tailings Retreatment Plant (CTRP). The Group’s total gold resource base is 33.5Moz and the
total gold reserve is 10.1Moz.    African is committed to safe production and effective engagement with all our
stakeholders.

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