PAN AFRICAN RESOURCES PLC - Directors Dealings in Securities

Directors’ 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”)

DIRECTORS’ DEALINGS IN SECURITIES

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

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

a)       Name:                                                  Deon Louw

2.       Reason for the notification

a)       Position/status:                                       Financial Director

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:                                                   213800EAXURCXM6RL85

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 instrument, type of       Ordinary shares at R1.30 each
         instrument:
                                                                Identification code: GB0004300496


b)       Nature of the transaction:                             Purchase of shares

c)       Price(s) and volume(s):
         23 February 2018
                                                                 Price(s)              Volume(s)

                                                                 ZAR1.30               75,000

d)       Aggregated information:

                                                                 Total                 Volume(s)

                                                                 ZAR97,500             75,000

e)       Date of the transaction:                               23 February 2018

f)       Place of the transaction:                              Johannesburg Stock Exchange



Additional information disclosed in accordance with the JSE Listings Requirements:
a)     Nature of interest of executive:                        Beneficial

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

c)     Clearance given in terms of paragraph 3.66 of the JSE   Yes
       Listings Requirements:

d)     Holding following transactions:                         257,450

e)     Deemed value:                                           ZAR97,500



Johannesburg

23 February 2018


Contact information
Corporate Office                                     Registered Office
The Firs Office Building                             Suite 31
1st Floor, Office 101                                Second Floor
Cnr. Cradock and Biermann Avenues                    107 Cheapside
Rosebank, Johannesburg                               London
South Africa                                         EC2V 6DN
Office: + 27 (0) 11 243 2900                         United Kingdom
Facsimile: + 27 (0) 11 880 1240                      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                                       Ross Allister/ James Bavister / David McKeown
One Capital                                          Peel Hunt LLP
JSE Sponsor                                          Joint Broker
Office: + 27 (0) 11 550 5009                         Office: +44 (0) 207 418 8900
Julian Gwillim                                       Jeffrey Couch/Neil Haycock/Thomas Rider
Aprio Strategic Communications                       BMO Capital Markets Limited
Public & Investor Relations SA                       Joint Broker
Office: +27 (0)11 880 0037                           Office: +44 (0) 207 236 1010
Bobby Morse and Chris Judd                           Website: www.panafricanresources.com
Buchanan
Public & Investor Relations UK
Office: +44 (0)20 7466 5000
paf@buchanan.uk.com

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