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Pan African Resources PLC (PAF)

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Friday 06 March, 2009

Pan African Resources PLC

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