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 8 May 2014 of the following dealings in respect of
the company's ordinary shares:

Name of director/executive:                 C Strydom (Director of Barberton   
                                            Mines (Proprietary) Limited        
                                            ("Barberton Mines"))               
                                                                               
Company of which he is a director:          Barberton Mines, a major subsidiary
                                            of the Company                     
                                                                               
Nature of transaction:                      Sale of shares                     
                                                                               
Date of transaction:                        06 May 2014                        
                                                                               
Class of security:                          Ordinary shares                    
                                                                               
Number of ordinary shares:                  290,461                            
                                                                               
Price per ordinary share:                   ZAR 2.73                           
                                                                               
Value of transaction:                       ZAR 792 958.00                     
                                                                               
Nature of interest of executive:            Beneficial                         
                                                                               
On-market or off-market:                    On-market                          
                                                                               
Clearance given in terms of Paragraph 3.66:                                    
                                                                               
Holding following transaction:              Nil                                

9 May 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