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 the UK Companies Act 2006 with
registration number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
(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

The Company announces that it has received notification that independent non-executive director,
Thabo Mosololi, bought 50,000 ordinary shares of 1p each in Pan African Resources on 21
September 2021.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr
Mosololi has a direct beneficial interest of 160,000 ordinary shares, representing 0.0072% of the
Company's issued share capital.

The below information and notification are made in accordance with the EU Market Abuse
Regulation and the JSE Listings Requirements.



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

 a)      Name:                                              Thabo Mosololi

 2.      Reason for the notification

 a)      Position/status:                                   Independent non-executive 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):                             50,000 ordinary shares
                                                            at ZA 315 cents per share

 d)     Aggregated information:                             ZAR 157,500.00

 e)     Date of the transaction:                            21 September 2021

 f)     Place of the transaction:                           Johannesburg Stock Exchange



Additional information disclosed in accordance with the JSE Listings Requirements:

 a)     Nature 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:                      Direct beneficial 160,000 ordinary
                                                             shares



Johannesburg

22 September 2021

Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 22-09-2021 01:57:00
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.