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Pan African Resources PLC (PAF)

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Wednesday 28 September, 2011

Pan African Resources PLC

Correction to Annual Report and Dividend dates


CORRECTION

Further to the announcement released earlier today, the first sentence under
Dividend recommendation should read "The board has proposed a final dividend
for the year ended 30 June 2011 of GBP7,414,968, which calculated on
1,444,040,711 issued shares currently outstanding, equates to 0.5135p per share
("Dividend")."

The corrected announcement is detailed below.

Pan African Resources PLC

(`Pan African' or the 'Company' or the `Group')

Incorporated and registered in England and Wales under Companies Act 1985 with
the registered number: 3937466 on 25 February 2000

Share Code on AIM: PAF

Share code on JSE: PAN

ISIN: GB0004300496

POSTING OF ANNUAL REPORT AND NOTIFICATION OF SALIENT DATES RELATING TO DIVIDEND
RECOMMENDATION

Posting of annual report and notice of annual general meeting

Shareholders are referred to the announcement released on the Securities
Exchange News Service ("SENS") of JSE Limited ("JSE") and to the Regulatory
News Service ("RNS") of the London Stock Exchange ("LSE") on Monday, 12
September 2011, and are advised that the Company will post its annual report
for the year ended 30 June 2011 ("Annual Report") to shareholders on Wednesday,
05 October 2011.

Notice is hereby given that Pan African`s Annual General Meeting ("AGM") will
be held at the offices of Fasken Martineau LLP, Third Floor, 17 Hanover Square,
London, W1S 1HU on Tuesday, 01 November 2011 at 12:00pm Central African Time /
10:00am Greenwich Mean Time to conduct the business set out in the notice of
AGM that will be distributed to shareholders together with the Annual Report.

Dividend recommendation

The board has proposed a final dividend for the year ended 30 June 2011 of
GBP7,414,968, which calculated on 1,444,040,711 issued shares currently
outstanding, equates to 0.5135p per share ("Dividend"). The Dividend requires
the approval of Pan African shareholders at the AGM.

Expected Dividend timetable

                                                                           2011
                                                                               
Approval of Dividend at the AGM                            Tuesday, 01 November
                                                                               
Currency conversion date                                   Tuesday, 01 November
                                                                               
Announcement of results of AGM and currency conversion     Tuesday, 01 November
on SENS and to RNS                                                             
                                                                               
Last date to trade on the JSE                               Friday, 04 November
                                                                               
Ex-Dividend date on the JSE                                  Monday,07 November
                                                                               
Ex-Dividend date on the LSE                              Wednesday, 09 November
                                                                               
Record date                                                  Friday,11 November
                                                                               
Payment date                                                Friday, 25 November

Notes:

  * The above dates and times are subject to amendment. Any such amendment will
    be released on SENS and to the RNS and published in the South African
    press.
   
  * No transfers between the Johannesburg and London registers between
    commencement of trading on Tuesday, 01 November 2011 and close of business
    on Friday, 11 November 2011, will be permitted.
   
  * No shares may be dematerialised or rematerialised between Monday,
    07 November 2011 and Friday, 11 November 2011, both days inclusive.
   
Johannesburg

28 September 2011

JSE Sponsor:

Macquarie First South Capital (Pty) Limited

Enquiries:

South Africa                           UK                                    
                                                                             
Pan African                            RBC Capital Markets                   
                                                                             
Jan Nelson, Chief Executive Officer    Martin Eales                          
                                                                             
+27 (0) 11 243 2900                    +44 (0) 20 7653 4000                  
                                                                             
Pan African                            St James's Corporate Services Limited 
                                                                             
Nicole Spruijt, Public Relations       Phil Dexter                           
                                                                             
+27 (0) 11 243 2900                    +44 (0) 20 7499 3916                  
                                                                             
Macquarie First South Capital (Pty)    Gable Communications                  
Ltd                                                                          
                                       Justine James                         
Annerie Britz/ Melanie de Nysschen/                                          
Yvette Labuschagne                     +44 (0)20 7193 7463                   
                                                                             
+27 (0) 11 583 2000