Dealing 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”) DEALING IN SECURITIES The Company was notified on 29 April 2013 of the following dealing in respect of the Company’s shares: Name of individual: RG Still Company of which he is a director: Pan African Resources PLC Name of associate of director: The Alexandra Trust (“Trust”), of which RG Still is a Trustee Date of transaction: 29 April 2013 Nature of transaction: Sale of shares by the Trust in adjusting its portfolio of investments Number of shares: 1,700,000 Price per ordinary share: ZAR2.22 Value of transaction: ZAR3,774,000 Class of shares: Ordinary shares (“Shares”) Interest of director: Indirect non-beneficial Clearance obtained: Yes On-market or off-market: On-market The Trust’s remaining holding in Pan African after the sale is 13 973 616 Shares, representing 0.77% of the issued share capital of the Company. Mr Still’ s total direct, beneficial interest in Pan African remains unchanged at 2,510,000 Shares, representing 0.14% of the issued share capital of the Company as well as his indirect, non-beneficial interest held through Pangea Exploration (Proprietary) Limited of 2,251,214 shares, representing 0.12% of the issued share capital. Johannesburg 30 April 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 / Joe Weaving Non-executive director and Joint Interim Chief +44 (0) 20 7523 8350 Executive Officer +27 (0) 11 305 8900 Mr Ron Holding Chief Operating Officer and Joint Interim Chief Executive 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: 30/04/2013 02:30:00 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.