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 today and yesterday, of the following dealings in respect of the Company’s shares: Name of director: JAJ Loots Company of which he is a director: Non-executive director of Pan African and, newly appointed Joint Interim Chief Executive Officer Date of transaction: 1 March 2013 Nature of transaction: Purchase of shares Number of shares: 100,000 Price per ordinary share : GBP0.16 Value of transaction: GBP16,000 Class of shares: Ordinary shares of 1 pence each (“Ordinary Shares”) Interest of director: Direct beneficial Clearance obtained: Yes On-market or off-market: On-market Following this on-market transaction, Mr Loots has a direct beneficial interest in 181,575 Ordinary Shares, representing 0.01% of the issued share capital of the Company. Name of director: RA Holding * (Chief Operating Officer and, newly appointed Joint Interim Chief Executive Officer) Company of which he is a director: Director of Barberton Mines, Emerald Panther, and Evander Date of transaction: 1 March 2013 Nature of transaction: Purchase of shares Number of shares: 125,000 Price per ordinary share: ZAR2.16 Value of transaction: ZAR270,000 Class of shares: Ordinary Shares Interest of director: Direct beneficial Clearance obtained: Yes On-market or off-market: On-market Name of director: NA Reynolds * (Acting Chief Financial Officer) Company of which he is a director: Director of Emerald Panther Investments 91 Proprietary Limited (“Emerald Panther”) and an alternate director of Evander Gold Mines Limited (“Evander”), both major subsidiaries of the Company Name of associate of director: NA Reynolds Family Trust (“Trust”) of which NA Reynolds is a trustee and beneficiary Date of transaction: 28 February 2013 Nature of transaction: Purchase of shares by the Trust Number of shares: 10,000 Price per ordinary share: ZAR2.14 Value of transaction: ZAR21,400 Class of shares: Ordinary Shares Interest of director: Indirect beneficial Clearance obtained: Yes On-market or off-market: On-market Name of director: C Strydom * (General Manager of Barberton Mines (Proprietary) Limited (“Barberton Mines”) Company of which he is a director: Barberton Mines, a major subsidiary of the Company Name of associate of director: A Strydom (C Strydom’s wife) Date of transaction: 28 February 2013 Nature of transaction: Purchase of shares by A Strydom Number of shares: 48,000 Price per ordinary share : ZAR2.04 Value of transaction: ZAR97,920 Class of shares: Ordinary Shares Interest of director: Non-beneficial On-market or off-market: On-market * For the avoidance of doubt, it should be noted that certain of the above named individuals are not directors of Pan African, but are directors of major subsidiaries of the Company. Johannesburg 1 March 2013 JSE Sponsor One Capital PAN AFRICAN ENQUIRIES South Africa UK Pan African Resources Canaccord Genuity Limited – Nomad and Joint Broker Mr Cobus Loots Andrew Chubb / Peter Stewart / Sebastian Jones / Joe Weaving Director +44 (0) 20 7523 8350 +27 (0) 11 305 8900 Mr Ron Holding Chief Operating Officer +27 (0) 11 243 2900 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 For further information on Pan African, please visit the website at www.panafricanresources.com Date: 01/03/2013 02:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.