Dealings in securities 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 The Company was notified on 15 June 2016 of the following dealings in respect of the Company’s ordinary shares: Name of director/executive: Casper Strydom Company of which he is a director: General Manager of Barberton Mines Pty Ltd, a major subsidiary of the Company Date of transaction: 14 June 2016 Nature of transaction: Sale of shares Class of security: Ordinary shares Number of ordinary shares: 747,613 Price per ordinary share: Various different trades with the following price information: - volume weighted average price of ZAR3.56 - highest price of ZAR3.58 - lowest price of ZAR3.55 Value of transaction: ZAR2,661,502.28 Nature of interest of executive: Beneficial On-market or off-market: On-market Clearance given in terms of Paragraph 3.66: Yes Holding following transaction: 6,387 Johannesburg 15 June 2016 JSE Sponsor One Capital CONTACT INFORMATION 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 Facsimile: +27 (0) 11 880 1240 Registered Office Suite 31 Second Floor 107 Cheapside London EC2V 6DN United Kingdom Office: +44 (0) 20 7796 8644 Facsimile: +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 / James Black St James's Corporate Services Limited Numis Securities Limited Company Secretary Nominated Adviser & 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 Thöle/ Richard Crowley/ Aarti Iyer Aprio Strategic Communications Bell Pottinger PR Public & Investor Relations SA Public & Investor Relations UK Office: +27 (0)11 880 0037 Office: +44 (0)20 3772 2500 www.panafricanresources.com Date: 15/06/2016 04:30:00 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.