Statement re dividend currency conversion rate

Regulatory announcement Company Pan African Resources plc TIDM PAF Headline Interim Dividend Released 6 March 2009 Pan African Resources PLC (`Pan African' or the `Company') (Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000) Share code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 Interim Dividend No. 1 of 0.2555 pence per share Further to the unaudited interim results announcement of 26 February 2009, the equivalent of the dividend is 3.7806 South African cents per share based on the ruling rate of GBP1 = ZAR14.7969 on Thursday, 5 March 2009. Accordingly, shareholders on the Company's South African register will receive a dividend payment of 3.7806 South African cents per share. Other details relating to the dividend are contained in the announcement of 26 February 2009 and are included on the Company's website at www.panafricanresources.com 6 March 2009 ENDS Enquiries: Pan African Resources Jan Nelson, CEO +27 (0) 11 243 2900 Keith Spencer, Chairman +27 (0) 11 880 3155 Nicole Spruijt, Public Relations +27 (0) 11 243 2900 RBC Capital Markets Martin Eales +44 (0) 20 7029 7881 Macquarie First South Advisers (Pty) Limited Thato Morojele +27 (0) 11 583 2379 Annerie Britz +27 (0) 11 583 2328 Melanie de Nysschen +27 (0) 11 583 2316 St James's Corporate Services Limited Phil Dexter +44 (0) 20 7499 3916 FDBeachhead Media & Investor Relations Jennifer Cohen +27 (0) 11 214 2401 Louise Brugman +27 (0) 83 504 1186
UK 100