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 19 and 22 November 2010 that Pangea Exploration     
(Pty) Limited ("Pangea") had sold 331,193 ordinary shares of 1 pence each in the
Company ("Shares") at an average price of ZAR1.185 per Share, for a total       
consideration of ZAR393,607.70.  Pangea`s remaining holding in Pan African after
the sale is 41,957,215 Shares, representing 2.91% 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                                                                        
23 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) Ltd   St James`s Corporate Services        
Melanie de Nysschen / Yvette Labuschagne/  Limited                              
Annerie Britz                              Phil Dexter                          
+27 (0) 11 583 2000                        +44 (0) 20 7499 3916                 


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: 23/11/2010 15:00:01 Supplied by www.sharenet.co.za                     
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