PAN AFRICAN RESOURCES PLC - Dealings in Securities

Dealings in Securities

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”)


DEALINGS IN SECURITIES


The Company was notified today and yesterday, of the following dealings in respect of the
Company’s shares:

Name of director:                              JAJ Loots
Company of which he is a director:             Non-executive director of Pan African and, newly
                                               appointed Joint Interim Chief Executive Officer
Date of transaction:                           1 March 2013
Nature of transaction:                         Purchase of shares
Number of shares:                              100,000
Price per ordinary share :                     GBP0.16
Value of transaction:                          GBP16,000
Class of shares:                               Ordinary shares of 1 pence each (“Ordinary Shares”)
Interest of director:                          Direct beneficial
Clearance obtained:                            Yes
On-market or off-market:                       On-market

Following this on-market transaction, Mr Loots has a direct beneficial interest in 181,575 Ordinary
Shares, representing 0.01% of the issued share capital of the Company.

Name of director:                              RA Holding * (Chief Operating Officer and, newly
                                               appointed Joint Interim Chief Executive Officer)
Company of which he is a director:             Director of Barberton Mines, Emerald Panther, and
                                               Evander
Date of transaction:                           1 March 2013
Nature of transaction:                         Purchase of shares
Number of shares:                              125,000
Price per ordinary share:                      ZAR2.16
Value of transaction:                          ZAR270,000
Class of shares:                               Ordinary Shares
Interest of director:                          Direct beneficial
Clearance obtained:                            Yes
On-market or off-market:                       On-market

Name of director:                              NA Reynolds * (Acting Chief Financial Officer)
Company of which he is a director:             Director of Emerald Panther Investments 91
                                               Proprietary Limited (“Emerald Panther”) and an
                                               alternate director of Evander Gold Mines Limited
                                               (“Evander”), both major subsidiaries of the
                                               Company
Name of associate of director:                 NA Reynolds Family Trust (“Trust”) of which NA
                                               Reynolds is a trustee and beneficiary
Date of transaction:                           28 February 2013
Nature of transaction:                         Purchase of shares by the Trust
Number of shares:                              10,000
Price per ordinary share:                      ZAR2.14
Value of transaction:                          ZAR21,400
Class of shares:                               Ordinary Shares
Interest of director:                          Indirect beneficial
Clearance obtained:                            Yes
On-market or off-market:                       On-market

Name of director:                              C Strydom * (General Manager of Barberton Mines
                                               (Proprietary) Limited (“Barberton Mines”)
Company of which he is a director:             Barberton Mines, a major subsidiary of the
                                               Company
Name of associate of director:                 A Strydom (C Strydom’s wife)
Date of transaction:                           28 February 2013
Nature of transaction:                         Purchase of shares by A Strydom
Number of shares:                              48,000
Price per ordinary share :                     ZAR2.04
Value of transaction:                          ZAR97,920
Class of shares:                               Ordinary Shares
Interest of director:                          Non-beneficial
On-market or off-market:                       On-market

* For the avoidance of doubt, it should be noted that certain of the above named individuals are not
directors of Pan African, but are directors of major subsidiaries of the Company.

Johannesburg
1 March 2013

JSE Sponsor
One Capital

PAN AFRICAN ENQUIRIES




South Africa                                       UK




Pan African Resources                              Canaccord Genuity Limited – Nomad and Joint Broker

Mr Cobus Loots                                     Andrew Chubb / Peter Stewart / Sebastian Jones / Joe
                                                   Weaving
Director
                                                   +44 (0) 20 7523 8350
+27 (0) 11 305 8900

Mr Ron Holding
Chief Operating Officer

+27 (0) 11 243 2900




One Capital                                       finnCap Limited – Joint Broker

Sholto Simpson / Megan Young                      Elizabeth Johnson / Joanna Weaving

+27 (0) 11 550 5000                               +44 (0) 20 7220 0500




Vestor Investor Relations                         St James’s Corporate Services Limited

Louise Brugman                                    Phil Dexter

+27 (0) 11 787 3015                               +44 (0) 20 7499 3916

+27 83 504 1186

                                                  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

Date: 01/03/2013 02:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.