Response to National Union of Mineworkers press release and media speculation 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”) RESPONSE TO NATIONAL UNION OF MINEWORKERS (“NUM”) PRESS RELEASE AND MEDIA SPECULATION Further to the recent NUM press release and media speculation, the Company confirms that it has commenced a consultation process in terms of section 189 of the South African Labour Relations Act, 66 of 1995 at its Evander Gold Mining Proprietary Limited operation. Further announcements will be made in due course. Johannesburg 27 February 2018 Contact information 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) 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 St James's Corporate Services Limited Numis Securities Limited Company Secretary Nominated Adviser, Joint Broker Office: + 44 (0) 207 796 8644 Office: +44 (0) 20 7260 1000 Sholto Simpson Ross Allister / James Bavister One Capital Peel Hunt LLP JSE Sponsor Joint Broker Office: + 27 (0) 11 550 5009 Office: +44 (0) 207 418 8900 Jeffrey Couch/Neil Haycock/Thomas Rider Bobby Morse/Chris Judd BMO Capital Markets Limited Buchanan Communications Joint Broker Public & Investor Relations UK Office: +44 (0) 207 236 1010 Office: + 44 (0) 207 466 5000 Julian Gwillim St Elmo Wilken/Piet le Roux Aprio Strategic Communications ENS Africa Public & Investor Relations SA Legal Advisers Office: +27 (0)11 880 0037 Office: +27 (0) 11 269 7600 www.panafricanresources.com Date: 27/02/2018 02:00:00 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.