PAN AFRICAN RESOURCES PLC - Issue Of Shares: Exercise Of Options

Issue Of Shares: Exercise Of Options

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")

ISSUE OF SHARES: EXERCISE OF OPTIONS

Pan African announces that the following issue of Pan African ordinary shares of 1p each (“Shares”) has
been made following the exercise of share options granted in 2010 under the Company’s share option
plan:

     -   850,000 Shares at a price of R0.68 per Share, for a total consideration of R578,000 (collectively,
         the “Issue”).

Application will be made to the AIM market of the London Stock Exchange (“AIM”) and to the Main Board
of JSE Limited (“JSE”) for 850,000 Shares to be admitted to trading on AIM and for listing on the JSE, with
admission to trading and listing on both markets expected to occur on 6 June 2014.

Following the Issue the total issued share capital of the Company comprises 1,829,994,763 Shares.

2 June 2014

Sponsor
One Capital

PAN AFRICAN ENQUIRIES
South Africa                                            UK

Pan African Resources                                   Canaccord Genuity Limited
Mr Ron Holding                                          Nomad and Joint Broker
Chief Executive Officer                                 Neil Elliot / Peter Stewart / Joe Weaving
+27 (0) 11 243 2900                                     +44 (0) 20 7523 8350

Vestor Investor Relations                               finnCap Limited
Louise Brugman                                          Joint Broker
+27 (0) 11 787 3015                                     Elizabeth Johnson / Joanna Weaving
+27 83 504 1186                                         +44 (0) 20 7220 0500

One Capital                                             St James’s Corporate Services Limited
Kathy Saunders                                          Phil Dexter
+27 (0) 11 550 5010                                     +44 (0) 20 7796 8647

                                                        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: 02/06/2014 04:15:00 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.