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Pan African Resources PLC (PAF)

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Friday 19 November, 2010

Pan African Resources PLC

Holding in Company & Directors' Dealing


19 November 2010

                           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                 

                               AIM: PAF/JSE: PAN                               

                              ISIN: GB0004300496                               

HOLDING IN COMPANY & DIRECTORS' DEALINGS

The Company was notified on 17 and 18 November 2010 that Pangea Exploration
(Pty) Limited ("Pangea") had sold 567,126 ordinary shares of 1 pence each in
the Company ("Shares") at an average price of ZAR1.1914 per Share and 1,021,071
Shares at a price of ZAR1.1901 per Share respectively, for a total
consideration of ZAR1,890,826.03.  Pangea's remaining holding in Pan African
after the sale is 42,288,408 Shares, representing 2.93% of the issued share
capital of the Company.

Mr Robert Still, a non-executive director of the Company, is also a director of
Pangea and a trustee of a family trust which owns 33.33% of Pangea.  Mr Still
is therefore deemed to have an indirect, non-beneficial interest in Pangea's
holding in the Company. 

Enquiries

South Africa                               UK                                
                                                                             
Pan African                                RBC Capital Markets               
                                                                             
Jan Nelson, Chief Executive Officer        Martin Eales / Brett Jacobs       
                                                                             
+27 (0) 11 243 2900                        +44 (0) 20 7653 4000              
                                                                             
Macquarie First South Advisers (Pty) Ltd   St James's Corporate Services     
                                           Limited                           
Melanie de Nysschen / Yvette Labuschagne /                                   
Annerie Britz                              Phil Dexter                       
                                                                             
+27 (0) 11 583 2000                        +44 (0) 20 7499 3916              
                                                                             
Vestor Media & Investor Relations          Hansard Communications            
                                                                             
Louise Brugman                             Justine James                     
                                                                             
+27 (0) 11 787 3015                        +44 (0) 20 7245 1100 / +44 (0)    
                                           7525 324431