Pan African Resources successfully concludes Barberton Mines wage negotiations Pan African Resources PLC (Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000) Share code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 (“Pan African Resources” or the “Company” or the “Group”) PAN AFRICAN RESOURCES SUCCESSFULLY CONCLUDES BARBERTON MINES WAGE NEGOTIATIONS Pan African Resources is pleased to announce that Barberton Mines Proprietary Limited (“Barberton Mines”) has successfully concluded a three-year wage agreement with the National Union of Mineworkers (“NUM”) and the United Association of South Africa (“UASA”) (“the Agreement”). NUM and UASA represent the majority of employees at Barberton Mines. The Agreement provides for an average annual wage increase of approximately 6.5% and 5.5% for NUM and UASA members, respectively, over the three years. The negotiations were successfully concluded with no industrial action or work stoppages. For further information on Pan African Resources, please visit the Company’s website at www.panafricanresources.com 7 September 2018 Contact information Corporate Office Registered Office The Firs Office Building Suite 31 2nd Floor, Office 204 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 Numis Securities Limited Limited Nominated Adviser and Joint Broker Company Secretary Office: +44 (0) 20 7260 1000 Office: + 44 (0) 207 796 8644 Sholto Simpson Ross Allister/James Bavister/David One Capital McKeown JSE Sponsor Peel Hunt LLP Office: + 27 (0) 11 550 5009 Joint Broker Office: +44 (0) 207 418 8900 Julian Gwillim Jeffrey Couch/Neil Haycock/Thomas Aprio Strategic Communications Rider Public & Investor Relations SA BMO Capital Markets Limited Office: +27 (0)11 880 0037 Joint Broker Office: +44 (0) 207 236 1010 Bobby Morse Buchanan Public & Investor Relations UK Office: +44 (0)20 7466 5000 Email: PAF@buchanan.uk.com Website: www.panafricanresources.com Date: 07/09/2018 08:00:00 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.