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              

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 of the following dealings in securities by an associate of a
director on 6 May 2014:

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:                2 - 6 May 2014                             
                                                                               
Class of security:                  Ordinary shares ("Shares")                 
                                                                               
Number of ordinary shares:          4 312 700                                  
                                                                               
Average price per ordinary share:   ZAR 2.70                                   
                                                                               
Value of transaction:               ZAR 11,659,496                             
                                                                               
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 7,000,000
Shares, representing 0.38% 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

8 May 2014

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              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     
Prelini Moonsamy                     Phil Dexter                               
[phone]                  [phone]                      
                                                                               
                                     Gable Communications                      
                                     Justine James                             
                                     [phone] / [phone]

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