PAN AFRICAN RESOURCES PLC - Directors dealings in securities

Director’s 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")

DIRECTOR’S DEALINGS IN SECURITIES

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.       Details of the person discharging managerial
         responsibilities/person closely associated

a)       Name:                                                 Deon Louw


2.       Reason for the notification

a)       Position/status:                                      Finance Director

b)       Initial notification/Amendment:                       Initial notification


3.       Details of the issuer, emission allowance market
         participant, auction platform, auctioneer or
         auction monitor

a)       Company name:                                         Pan African Resources PLC

b)       LEI:                                                  213800EAXURCXMX6RL85


4.       Details of the transaction(s): section to be
         repeated for (i) each type of instrument; (ii) each
         type of transaction; (iii) each date; and (iv) each
         place where transactions have been conducted

a)       Description of the financial instrument, type of      Ordinary shares of 1p each
         instrument:
                                                               Identification code: GB0004300496

b)       Nature of the transaction:                            Acquisition of ordinary shares

c)       Price(s) and volume(s):                                Price(s)              Volume(s)
         28 September 2017
                                                                ZAR2.35               5,762

                                                                ZAR2.35               5,387

                                                                ZAR2.35               5,498

                                                                ZAR2.35               13,110

                                                                ZAR2.36               15,243

d)       Aggregated information:
                                                                Total                  Volume(s)

                                                                ZAR105,902.43          45,000

e)     Date of the transaction:                                 28 September 2017

f)     Place of the transaction:                                Johannesburg Stock Exchange


Additional information disclosed in accordance with the JSE Listings Requirements:

a)     Nature of interest of executive:                         Beneficial

b)     On-market or off-market:                                 On-market

c)     Clearance given in terms of paragraph 3.66 of the JSE    Yes
       Listings Requirements:

d)     Holding following transactions:                          182,450


Johannesburg

29 September 2017


Corporate Office                                  Registered Office
The Firs Office Building                          Suite 31
1st Floor, Office 101                             Second Floor
Cnr. Cradock and Biermann Avenues                 107 Cheapside
Rosebank, Johannesburg                            London
South Africa                                      EC2V 6DN
Office: + 27 (0) 11 243 2900                      United Kingdom
Facsimile: + 27 (0) 11 880 1240                   Office: + 44 (0) 20 7796 8644
www.panafricanresources.com                       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
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                                    Ross Allister / Chris Burrows
One Capital                                       Peel Hunt LLP
JSE Sponsor                                       Joint Broker
Office: + 27 (0) 11 550 5009                      Office: +44 (0) 20 7418 8900

Julian Gwillim                                    Jeffrey Couch / Neil Haycock / Thomas Rider
Aprio Strategic Communications                    BMO Capital Markets Limited
Public & Investor Relations SA                    Joint Broker
Office: +27 (0)11 880 0037                        Office: +44 (0) 20 7236 1010

Bobby Morse / Chris Judd
Buchanan Communications
Public & Investor Relations UK
Office: +44 (0) 207 466 5000

Date: 29/09/2017 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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