PAN AFRICAN RESOURCES PLC - Dealing in securities by an associate of a director of Pan African

Dealing in securities by an associate of a director of Pan African

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 “Company”)


DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF PAN AFRICAN


Pan African shareholders are advised of the dealing in securities by an associate of a Pan African
director with respect to excess shares (“Excess Shares”), issued pursuant to the Company’s R703
million rights offer ("Rights Offer") which closed on 11 January, 2013.

Name of director:                                R G Still
Designation:                                     Non-executive director
Name of associate:                               The Alexandra Family Trust (“Trust”)
Relationship with director:                      R G Still is a trustee of the Trust
Date of transaction:                             16 January 2013
Nature of transaction:                           Excess Shares issued to the Trust pursuant to the
                                                 Trust applying for Excess Shares in terms of the
                                                 Rights Offer
Class of security:                               Ordinary shares
Number of securities:                            72, 836
Subscription price per security:                 R1.90
Total value of transaction:                      R138,388.40
Confirmation of on-market or off-market:         Off-market
Nature of director’s interest:                   Indirect non-beneficial


In compliance with paragraph 3.66 of the JSE Listings Requirements, prior clearance to deal in the
above securities was obtained in accordance with the Company's trading policy.


16 January 2013


Sponsor
One Capital




Enquiries
South Africa                          UK



Pan African Resources                 Canaccord Genuity Limited – Nomad and Joint Broker

Jan Nelson, Chief Executive Officer   Rob Collins / Peter Stewart / Sebastian Jones / Joe
                                      Weaving
+27 (0) 11 243 2900
                                      +44 (0) 20 7523 8350



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

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