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 Companies Act 1985 with registered
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 it has received notification that on 9 November 2020 Thabo
Mosololi, an Independent non-executive director, bought 10,000 ordinary shares of 1p each
in Pan African Resources.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below,
Mr Mosololi has an interest of 110,000 ordinary shares, representing 0.0049% of the
Company's issued share capital.

The below information and notification is made in accordance with the EU Market Abuse
Regulation.



 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):                             10,000
                                                            R4.50




 d)     Aggregated information:                             R45,000



 e)     Date of the transaction:                            9 November 2020

 f)     Place of the transaction:                           Johannesburg Stock Exchange



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:                      110,000



Johannesburg
12 November 2020

Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 12-11-2020 02:59:00
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