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 on 4 December 2015 of the following dealings in respect of the Company’s
ordinary shares:

Name of director/executive:                   Neal Reynolds
Company of which he is a director:            Director of Emerald Panther Investments 91
                                              Proprietary Ltd, Pan African Resources Funding
                                              Company Pty Ltd, Evander Gold Mines Ltd, Evander
                                              Gold Mining Pty Ltd and alternate director on
                                              Barberton Mines Pty Ltd, major subsidiaries of the
                                              Company
Name of associate of director:                NA Reynolds Family Trust (“Trust”) of which Neal
                                              Reynolds is a trustee and beneficiary
Date of transaction:                          4 December 2015
Nature of transaction:                        Purchase of shares by the Trust
Class of security:                            Ordinary shares
Number of ordinary shares:                    100,000
Price per ordinary share:                     ZAR1.50
Value of transaction:                         ZAR150,000
Nature of interest of executive:              Indirect beneficial
On-market or off-market:                      On-market
Clearance given in terms of Paragraph 3.66:   Yes

Johannesburg
4 December 2015

JSE Sponsor
One Capital


CONTACT INFORMATION

Corporate Office
The Firs Office Building
1st Floor, Office 101
Cnr. Cradock and Biermann Avenues
Rosebank, Johannesburg
South Africa
Office: + 27 (0) 11 243 2900
Facsimile: + 27 (0) 11 880 1240

Registered Office
Suite 31
Second Floor
107 Cheapside
London
EC2V 6DN
United Kingdom
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 / James Black
St James's Corporate Services Limited   Numis Securities Limited
Company Secretary                       Nominated Adviser & Joint Broker
Office: + 44 (0)207 796 8644            Office: +44 (0)207 260 1000

Sholto Simpson                          Matthew Armitt / Ross Allister
One Capital                             Peel Hunt LLP
JSE Sponsor                             Joint Broker
Office: + 27 (0)11 550 5009             Office: +44 (0)020 7418 8900

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

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