PAN AFRICAN RESOURCES PLC - Director's 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:                                                 Charles Needham

 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):                               25,000 ordinary shares
                                                                 High: R2.26
                                                                 Low: R2.25
                                                                 VWAP: R2.25

 d)        Aggregated information:                               R56,266

 e)        Date of the transaction:                              25 September 2019

 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   Yes
        JSE Listings Requirements:

 d)     Holding following transactions:                     25,000

Johannesburg
25 September 2019
Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 25/09/2019 04:30:00
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