Dealings in securities by a director 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 BY A DIRECTOR The Company was notified on 9 March 2015 of the following dealings in respect of the Company’s ordinary shares of 1 pence each (“Shares”): Name of director: Thabo Mosololi Company of which he is a director: Pan African Nature of transactions: Purchase Class of securities: Shares On-market or off-market: On-market Nature of interest: Direct Clearance given in terms of Paragraph 3.66: Yes Date of transaction 1: 6 March 2015 Number of securities: 2,000 Price per security: ZAR2.04 Value of transaction: ZAR4,080 Date of transaction 2: 9 March 2015 Number of securities: 28,000 Price per security: ZAR2.07 Value of transaction: ZAR57,960 Following this transaction Mr Mosololi’s total direct interest in Pan African is 30,000 Shares, representing 0.0016% of the issued share capital of the Company. Cobus Loots Deon Louw 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 Peter Stewart St James's Corporate Services Limited Canaccord Genuity Limited Company Secretary Nominated Adviser Office: + 44 (0)207 796 8644 Office: +44 (0)207 523 8000 Sholto Simpson Matthew Armitt / Ross Allister One Capital Peel Hunt LLP JSE Sponsor Joint Broker Office: + 27 (0)11 550 5009 Office: +44 (0)020 7418 8900 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 For further information on Pan African, please visit the website at www.panafricanresources.com 10 March 2015 Sponsor: One Capital Date: 10/03/2015 03:30:00 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.