PAN AFRICAN RESOURCES PLC - Directors dealings in securities

Directors 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 Resources" 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:                                              Cobus Loots



 2.      Reason for the notification

 a)      Position/status:                                   Chief Executive Officer

 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):                            150,000
                                                            GBP0.124




 d)      Aggregated information:                            GBP18,600.00
 e)     Date of the transaction:                            21 February 2020

 f)     Place of the transaction:                           London SETS



Additional information disclosed in accordance with the JSE Listings Requirements:

 a)     Nature and extent of interest of executive:          Direct Beneficial

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

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

 d)     Holding following transactions:                      1,491,675


Johannesburg
24 February 2020
Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 24-02-2020 11:27:00
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