Dealings by an Associate of an Non-Executive Di...

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" or the "Company")

HOLDING IN COMPANY AND DIRECTORS' DEALING

DEALINGS BY AN ASSOCIATE OF AN NON-EXECUTIVE DIRECTOR

The Company was notified on Tuesday 1 November 2011 that Pangea Exploration
(Pty) Ltd ("Pangea"), a private company of which Mr Rob Still is a director,
had sold 300,000 ordinary shares of 1 pence each in the Company ("Shares") at
ZAR1.70 per share for a total value of ZAR510,000.00.

The shares were sold by Pangea in order to provide funding for other potential
projects.

Following this on market transaction, Pangea holds 3,324,408 Shares,
representing 0.23% of the issued capital of the Company. Mr Still's total
direct, beneficial interest in Pan African remains unchanged at 2,000,000
Shares, representing 0.14% of the issued share capital of the Company as well
as his total indirect, non-beneficial interest of 15,755,308 Shares
representing 1.09% of the issued share capital of the Company.

Mr Still did not receive any direct or indirect benefit from the above
transactions.

Rosebank

2 November 2011

JSE Sponsor

Macquarie First South Capital (Pty) Limited

Enquiries

South Africa                     UK                       
                                                          
Pan African Resources            RBC Capital Markets      
                                                          
Jan Nelson, Chief Executive      Martin Eales / James     
Officer                          Kelly                    
                                                          
[phone]              [phone]     
                                                          
Macquarie First South Capital    St James's Corporate     
(Pty) Limited                    Services Limited         
                                                          
Melanie de Nysschen / Annerie    Phil Dexter              
Britz /                                                   
Yvette Labuschagne               [phone]     
                                                          
[phone]              Gable Communications     
                                                          
                                 Justine James            
                                                          
                                 [phone]     
                                                          

For further information on Pan African, please visit the website at 
www.panafricanresources.com