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Pan African Resources PLC (PAF)

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Tuesday 14 December, 2010

Pan African Resources PLC

Holding(s) in Company


14 December 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 & DIRECTOR'S DEALINGS

The Company was notified on 14 December 2010 that Mr R Still had sold 700,000
ordinary shares of 1 pence each in the Company ("Shares") at a price of ZAR1.12
per Share, for a total consideration of ZAR780,374.38.

Following this transaction Mr Still has a direct interest in 3,300,000 Shares,
representing 0.23% of the issued share capital of the Company and a total
indirect, non-beneficial interest in 41,824,408 Shares representing 2.90% of
the issued share capital of the Company.

Enquiries

South Africa                               UK                                
                                                                             
Pan African                                RBC Capital Markets               
                                                                             
Jan Nelson, Chief Executive Officer        Martin Eales / Pierre Schreuder   
                                                                             
+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