PAN AFRICAN RESOURCES PLC - Changes to the board of directors

Changes to the board of directors

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”)


CHANGES TO THE BOARD OF DIRECTORS


Pan African shareholders (“Shareholders”) are hereby advised that Rob Still has resigned as a
non-executive director of the Company with effect from 1 July 2014, owing to increasing global
responsibilities within his private equity business. Following his resignation, Mr. Still will no longer be
a member of any board committees of Pan African.


Shareholders are also advised that Rowan Smith has accepted the appointment as a non-executive
director on Pan African’s board of directors. Rowan will be formally appointed to the board and the
effective date of his appointment will be announced once the AIM processes pertaining to his
appointment have been completed.


Rowan was previously the Managing Director of Shanduka Resources. He is a qualified geologist and
has in excess of 20 years of experience in the minerals and investment banking industries. His
experience also includes geological valuation work for Rand Mines, seven years with Societe
Generale de Surveillance and four years as a Director of Investec Bank’s Resource Finance Division.


Keith Spencer, Chairman of Pan African, commented: “The board of directors and I would like to
thank Rob for his invaluable contribution to Pan African over the past 10 years, during which Pan
African has grown from a junior exploration company to a mid-tier miner with a market capitalisation in
excess of US$400m. We wish him well in his future endeavours. Rowan’s appointment as a non-
executive director will further strengthen the technical and commercial expertise available to our
board, and we look forward to working with him. ”


2 July 2014


JSE Sponsor
One Capital


PAN AFRICAN ENQUIRIES
South Africa                                          UK


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


One Capital                                        finnCap Limited
Regulatory Services                                Elizabeth Johnson / Joanna Weaving
+27 (0) 11 550 5000                                Joint Broker
                                                   +44 (0) 20 7220 0500


                                                   St James’s Corporate Services Limited
                                                   Phil Dexter
                                                   +44 (0) 20 7796 8647


For further information on Pan African, please visit the website at www.panafricanresources.com

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