CANCELLATION OF S365499 Salient dividend dates Pan African Resources PLC ("Pan African" or the "Company" or the "Group") (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 Salient Dividend Dates At the Annual General Meeting of the Company held on Friday, 27 November 2015 shareholders approved the payment of a final dividend of 11.46604 cents per share, equivalent to 0.53108 pence per share, converted at the rate of ZAR21.59 : GBP 1.00 on the currency conversion date. The salient dates of the dividend payment are as follows: 2015 Currency conversion date Friday, 27 November Last date to trade on the JSE Friday, 4 December Ex-Dividend date on the JSE Monday, 7 December Ex-Dividend date on the LSE Thursday, 10 December Record date Friday, 11 December Payment date Friday, 24 December 1. No transfers between the Johannesburg and London registers between commencement of trading on Monday, 30 November 2015 and close of business on Friday, 11 December 2015 will be permitted. 2. No shares may be dematerialised or rematerialised between Monday, 7 December 2015 and Friday, 11 December 2015, both days inclusive. The local dividends tax rate is fifteen percent per ordinary share and therefore shareholders who are liable to pay the dividends tax will receive a net dividend of 9.74613 cents per share (0.45142 pence per share). The Company’s South African income tax reference number is 9154588173 and it has 1,831,494,763 shares currently in issue. Johannesburg 30 November 2015 Contact Details Corporate Office The Firs Office Building 1st Floor, Office 101 Cnr. Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office: + 27 (0) 11 243 2900 Facsmile: + 27 (0) 11 880 1240 Registered Office Suite 31 Second Floor 107 Cheapside London EC2V 6DN United Kingdom Office: + 44 (0)20 7796 8644 Facsmile: + 44 (0)20 7796 8645 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 John Prior / Paul Gillam St James's Corporate Services Limited Numis Securities Limited Company Secretary Nominated Adviser and Joint Broker Office: + 44 (0)20 7796 8644 Office: +44 (0)20 7260 1000 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 Thole 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: 30/11/2015 02:29:59 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.