Amendment to form of proxy 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”) AMENDMENT TO FORM OF PROXY Pan African shareholders (“Shareholders”) are referred to the notice of annual general meeting dated 20 September 2016 (“Notice of AGM”). Shareholders are advised that the form of proxy entitled “Form of proxy South Africa” attached to the Notice of AGM (“Original Form of Proxy”) has been amended (“Amended Form of Proxy”) and has been distributed to Shareholders today, 4 November 2016. The Amended Form of Proxy is also available on the Company’s website at www.panafricanresources.com. Shareholders should note that the Original Form of Proxy is no longer valid and is replaced by the Amended Form of Proxy. The form of proxy entitled “Form of proxy United Kingdom” attached to the Notice of AGM still remains valid. All the salient dates and times set out in the Notice of AGM still apply. 4 November 2016 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) 207 796 8644 Facsimile: + 44 (0) 207 796 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 and Joint Broker Office: + 44 (0)207 796 8644 Office: +44 (0)207 260 1000 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 Jeffrey Couch/Neil Haycock/Thomas Rider BMO Capital Markets Limited Joint Broker Office: +44 (0) 207 236 1010 www.panafricanresources.com Date: 04/11/2016 11:19:00 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.