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 26 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 transactions:                 Sale of shares by A van den Bergh      
                                                                               
Date of transactions:                   1) 24-February 2014                    
                                                                               
                                        2) 25 February 2014                    
                                                                               
Class of security:                      Ordinary shares                        
                                                                               
Number of ordinary shares:              1) 564,975                             
                                                                               
                                        2) 297,925                             
                                                                               
Price per ordinary share:               1) ZAR 2.79                            
                                                                               
                                        2) ZAR 2.62                            
                                                                               
Value of transactions:                  1) ZAR 1 576 280.25                    
                                                                               
                                        2) ZAR 780 563.50                      
                                                                               
Nature of interest of executive:        Beneficial                             
                                                                               
On-market or off-market:                On-market                              
                                                                               
Clearance given in terms of Paragraph   Yes                                    
3.66:                                                                          
                                                                               
Holding following transactions:         Nil                                    

Name of director/executive:             C Strydom (Director: Barberton Mines)  
                                                                               
Nature of transaction:                  Sale of shares by C Strydom            
                                                                               
Date of transaction:                    24 February 2014                       
                                                                               
Class of security:                      Ordinary shares                        
                                                                               
Number of ordinary shares:              4 539                                  
                                                                               
Price per ordinary share:               ZAR 2.8000                             
                                                                               
Value of transaction:                   ZAR 12 709                             
                                                                               
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:          570 461 representing 0.03% of the      
                                        current issued share capital           

26 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 Elliott/ 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