Notice of annual general meeting and no change statement 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”) NOTICE OF ANNUAL GENERAL MEETING AND NO CHANGE STATEMENT Notice is hereby given that Pan African’s Annual General Meeting (“AGM”) of shareholders will be held at the office of Canaccord Genuity Limited at Eighth Floor, 88 Wood Street, London, EC2V 7QR on Friday, 21 November 2014 at 10:00 a.m. (all times stated are United Kingdom times unless otherwise stated). The notice of AGM and integrated annual report are being distributed to shareholders today, 29 October 2014. South African shareholders are advised that the physical mailing process for the notice of AGM and integrated annual report is likely to be delayed due to ongoing industrial action by employees of the South African Post Office. Shareholders are advised that the notice of AGM and the full integrated annual report, including the annual financial statements for the year ended 30 June 2014, will be available on the Company’s website at www.panafricanresources.com from today and that the salient dividend dates will be notified to shareholders on the same day as the AGM. The annual financial statements for the year ended 30 June 2014 contain no modifications to the audited results as released on SENS on 16 September 2014. Salient dates 2014 Record date to determine which shareholders are entitled to receive the notice of annual general meeting Friday, 24 October Last day to trade in order to be eligible to attend and vote at the annual general meeting Wednesday,12 November Record date to determine which shareholders are entitled to attend and vote at the annual general meeting Wednesday, 19 November Forms of proxy for the annual general meeting to be lodged by 10:00 a.m. on Wednesday, 19 November 29 October 2014 Pan African Resources Enquiries Ron Holding Cobus Loots Pan African Resources PLC Pan African Resources PLC Chief Executive Officer Financial Director Office: + 27 (0) 11 243 2900 Office: + 27 (0) 11 243 2900 Phil Dexter Neil Elliot / Peter Stewart St James's Corporate Services Canaccord Genuity Limited Limited Company Secretary Nominated Adviser and Joint Broker Office: + 44 (0)20 7796 8647 Office: +44 (0)207 523 0000 Matthew Armitt / Ross Allister Sholto Simpson Peel Hunt LLP One Capital Joint Broker JSE Sponsor Office: +44 (0)020 7418 8900 Office: + 27 (0) 11 550 5009 Julian Gwillim Daniel Thöle Aprio Strategic Communications Bell Pottinger PR Public & Investor Relations SA Public & Investor Relations UK Office: +27 (0)11 880 0037 Office: + 44 (0) 203 772 2500 www.panafricanresources.com Date: 29/10/2014 09:00:00 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.