Salient Dividend Dates

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")                        

                            Salient Dividend Dates                             

At the Annual General Meeting of the Company held today shareholders approved
the payment of a final dividend of ZAR 0.13145 per share from income reserves,
equivalent to 0.80305 pence per share, converted at the rate of ZAR 16.36883 :
GBP 1.00 on the currency conversion date.

The salient dates of the dividend payment are as follows:

                                                                           2013
                                                                               
Currency conversion date                                  Thursday, 21 November
                                                                               
Last date to trade on the JSE                               Friday, 29 November
                                                                               
Ex-Dividend date on the JSE                                  Monday, 2 December
                                                                               
Ex-Dividend date on the LSE                               Wednesday, 4 December
                                                                               
Record date                                                  Friday, 6 December
                                                                               
Payment date                                                Friday, 20 December

 1. No transfers between the Johannesburg and London registers between
    commencement of trading on Friday, 22 November 2013 and close of business
    on Friday, 6 December 2013 will be permitted.
   
 2. No shares may be dematerialised or rematerialised between Monday, 2
    December 2013 and Friday, 6 December 2013, both days inclusive.
   
The Company has Secondary Tax on Companies credits of ZAR611 902 838 (which
equates to ZAR 0.33476 cents per share) available for set-off against the South
African dividend withholding tax liability. Accordingly, no dividend
withholding tax will be deducted from the gross dividend declared. The
Company's South African income tax reference number is 9154588173.

Johannesburg

22 November 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              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