PAN - Pan African Resources plc - Holding in company & directors` dealings

PAN - Pan African Resources plc - Holding in company & directors` dealings      
Pan African Resources plc                                                       
(Incorporated and registered in England and Wales under Companies Act 1985      
with registered number 3937466 on 25 February 2000)                             
Share code on AIM: PAF                                                          
Share code on JSE: PAN                                                          
ISIN: GB0004300496                                                              
(`Pan African` or the `Company`)                                                
HOLDING IN COMPANY & DIRECTORS` DEALINGS                                        
The Company was notified on 17 and 18 November 2010 that Pangea Exploration     
(Pty) Limited ("Pangea") had sold 567,126 ordinary shares of 1 pence each in    
the Company ("Shares") at an average price of ZAR1.1914 per Share and           
1,021,071 Shares at a price of ZAR1.1901 per Share respectively, for a total    
consideration of ZAR1,890,826.03.  Pangea`s remaining holding in Pan African    
after the sale is 42,288,408 Shares, representing 2.93% of the issued share     
capital of the Company.                                                         
Mr Robert Still, a non-executive director of the Company, is also a director    
of Pangea and a trustee of a family trust which owns 33.33% of Pangea.  Mr      
Still is therefore deemed to have an indirect, non-beneficial interest in       
Pangea`s holding in the Company.                                                
Rosebank                                                                        
19 November 2010                                                                
JSE Sponsor                                                                     
MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED                                    
For further information on Pan African Resources plc, please visit the          
website at www.panafricanresources.com                                          
Enquiries                                                                       
South Africa                           UK                                       
Pan African                            RBC Capital Markets                      
Jan Nelson, Chief Executive Officer    Martin Eales / Brett Jacobs              
+27 (0) 11 243 2900                    +44 (0) 20 7653 4000                     


Macquarie First South Advisers (Pty)   St James`s Corporate Services Limited    
Ltd                                    Phil Dexter                              
Melanie de Nysschen / Yvette           +44 (0) 20 7499 3916                     
Labuschagne/ Annerie Britz                                                      
+27 (0) 11 583 200                                                              
Vestor Media & Investor Relations      Hansard Communications                   
Louise Brugman                         Justine James                            
+27 (0) 11 787 3015                    +44 (0) 20 7245 1100 / +44 (0) 7525      
                                      324431                                    
Date: 19/11/2010 15:30:00 Supplied by www.sharenet.co.za                     
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