Director/PDMR Shareholding

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")                        

             DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR              

The company was notified on 3 October 2013 of the following dealing in respect
of the company's ordinary shares:

Name of director:                RG Still                                      
                                                                               
Name of associate of director:   Alexandra Trust ("the Trust")                 
                                                                               
Relationship:                    Mr Still is a trustee of the Trust            
                                                                               
Nature of transaction:           Disposal by the Trust to adjust its portfolio 
                                 of investments                                
                                                                               
Date of transaction:             1 October 2013                                
                                                                               
Class of security:               Ordinary shares ("Shares")                    
                                                                               
Number of ordinary shares:       360 916                                       
                                                                               
Price per ordinary share:        ZAR 2.70                                      
                                                                               
Value of transaction:            ZAR 974 473.20                                
                                                                               
Nature of interest:              Indirect non-beneficial                       
                                                                               
On-market or off-market:         On-market                                     
                                                                               
Clearance given in terms of      Yes                                           
Paragraph 3.66:                                                                

The Trust's remaining holding in Pan African after the sale is 11,312,700
Shares, representing 0.62% of the issued share capital of the Company. Mr
Still's total direct, beneficial interest in Pan African remains unchanged at
2,510,000 Shares, representing 0.14% of the issued share capital of the Company
as well as his indirect, non-beneficial interest held through Pangea
Exploration (Proprietary) Limited of 2,251,214 Shares, representing 0.12% of
the issued share capital.

Johannesburg
4 October 2013

JSE Sponsor                                                                                                                                                   
One Capital                                                                    


PAN AFRICAN ENQUIRIES                                                        
                                                                               
South Africa                         UK                                          
                                                                               
Pan African Resources                Canaccord Genuity Limited                 
Mr Ron Holding                       Nomad and Joint Broker                    
Chief Executive Officer              Andrew Chubb / Peter Stewart / Joe Weaving
[phone]                  [phone]                      
                                                                               
Vestor Investor Relations            finnCap Limited                           
Louise Brugman                       Joint Broker                              
[phone]                  Elizabeth Johnson / Joanna Weaving        
[phone]                      [phone]                      
                                                                               
One Capital                          St James's Corporate Services Limited     
Liezl Gildenhuys                     Phil Dexter                               
[phone]                  [phone]                      
                                                                               
                                     Gable Communications                      
                                     Justine James                             
                                     [phone] / [phone]

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