PAN AFRICAN RESOURCES PLC - Director's dealings in securities

Director's dealings in securities

Pan African Resources PLC
(Incorporated and registered in England and Wales under the UK Companies Act 2006 with
registration number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
(Pan African Resources or the Company)

                           DIRECTOR’S DEALINGS IN SECURITIES


                           DEALING NOTIFICATION FORM
      FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR
                         CLOSELY ASSOCIATED PERSONS

The Company announces it has received notification that Chief Executive Officer, Cobus Loots,
bought 300,000 ordinary shares of 1p each in Pan African Resources on 15 September 2021.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Loots
has an indirect beneficial interest of 5,048,504 ordinary shares, representing 0.2259% of the
Company's issued share capital and a direct beneficial interest of 1,673,982 ordinary shares,
representing 0.0749% of the Company's issued share capital and 114,280 open contracts for
differences (CFDs).

The below information and notification are made in accordance with the EU Market Abuse
Regulation and the JSE Listings Requirements.



 1.                         Details of the person
                            discharging managerial
                            responsibilities/person closely
                            associated

 a)                         Name:                                 Cobus Loots



 2.                         Reason for the notification

 a)                         Position/status:                      Chief Executive Officer

 b)                         Initial notification/Amendment:       Initial notification

 3.                         Details of the issuer, emission
                            allowance market participant,
                            auction platform, auctioneer or
                            auction monitor

 a)                         Company name:                         Pan African Resources PLC

 b)                         LEI:                                  213800EAXURCXMX6RL85
 4.                         Details of the transaction(s):
                            section to be repeated for (i)
                            each type of instrument; (ii)
                            each type of transaction; (iii)
                            each date; and (iv) each place
                            where transactions have been
                            conducted

 a)                         Description of the financial         Ordinary shares of 1p each
                            instrument, type of instrument:

                                                                 Identification code:
                                                                 GB0004300496

 b)                         Nature of the transaction:           Trade 1 and 2:
                                                                 Acquisition of ordinary shares

 c)                         Price(s) and volume(s):              Trade 1:
                                                                 200,000 ordinary shares at
                                                                 0.167 pence per share


                                                                 Trade 2:
                                                                 100,000 ordinary shares at
                                                                 0.173 pence per share



 d)                         Aggregated information:              Trade 1:
                                                                 GBP33,400 for ordinary shares
                                                                 Trade 2:
                                                                 GBP17,300 for ordinary shares



 e)                         Dates of the transactions:           Trade 1 and 2:
                                                                 15 September 2021



 f)                         Place of the transaction:            London SETS



Additional information disclosed in accordance with the JSE Listings Requirements:

 a)     Nature of interest of executive:                      Trade 1 and 2:
                                                              Direct beneficial

 b)     On-market or off-market:                              On-market

 c)     Clearance given in terms of paragraph 3.66 of the     Yes
        JSE Listings Requirements:
 d)     Holding following transactions:                   Indirect beneficial 5,048,504
                                                          ordinary shares
                                                          Direct beneficial 1,673,982
                                                          ordinary shares
                                                          114,280 open CFDs



Johannesburg

15 September 2021

Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 15-09-2021 12:57:00
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