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                             

The company was notified on 24 February 2014 of the following dealings in
respect of the company's ordinary shares:

Name of director/executive:             A van den Bergh (Executive: Human Resources)                             
                                                                               
Nature of transaction:                  Sale of shares by A van den Bergh      
                                                                               
Date of transaction:                    20 February 2014                       
                                                                               
Class of security:                      Ordinary shares                        
                                                                               
Number of ordinary shares:              102 100                                
                                                                               
Price per ordinary share:               ZAR 2.80                               
                                                                               
Value of transaction:                   ZAR 285 880                            
                                                                               
Nature of interest of executive:        Beneficial                             
                                                                               
On-market or off-market:                On-market                              
                                                                               
Clearance given in terms of Paragraph   Yes                                    
3.66:                                                                          
                                                                               
Holding following transaction:          862 900 representing 0.05% of the      
                                        current issued share capital           

24 February 2014

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              Neil Elliot/ 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