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                             

In compliance with paragraph 3.63 to 3.66 of the JSE Limited Listings
Requirements, shareholders of Pan African are hereby advised that the Company
was notified on 17 September 2013 of the following dealings in securities by a
director:

Name of director:                       C Loots                                
                                                                               
Nature of transaction:                  Purchase                               
                                                                               
Date of transaction:                    17 September 2013                      
                                                                               
Class of security:                      Ordinary shares                        
                                                                               
Number of ordinary shares:              50,000                                 
                                                                               
Price per ordinary share:               GBP 0.1425                             
                                                                               
Value of transaction:                   GBP 7,125                              
                                                                               
Nature of interest:                     Direct beneficial                      
                                                                               
On-market or off-market:                On-market                              
                                                                               
Clearance given in terms of Paragraph   Yes                                    
3.66:                                                                          

Following this on-market transaction, Mr C Loots has a direct beneficial
interest in 231,575 ordinary shares, representing 0.01% of the issued share
capital of Pan African.

Johannesburg
18 September 2013

JSE Sponsor                                                                    
One Capital                                                                    

PAN AFRICAN ENQUIRIES                UK                                        
                                                                               
South Africa                                                                   
                                                                               
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