Pan African Resources PLC

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

                                 AIM Code: PAF

                                 JSE Code: PAN

                              ISIN: GB0004300496

                       ('Pan African' or the 'Company')

                            DEALINGS IN SECURITIES

The Company was notified on 15 June 2016 of the following dealings in respect
of the Company's ordinary shares:

Name of director/executive:            Casper Strydom

Company of which he is a director:     General Manager of Barberton Mines Pty
                                       Ltd, a major subsidiary of the Company

Date of transaction:                   14 June 2016

Nature of transaction:                 Sale of shares

Class of security:                     Ordinary shares

Number of ordinary shares:             747,613

Price per ordinary share:              Various different trades with the
                                       following price information:

                                       - volume weighted average price of
                                       ZAR3.56

                                       - highest price of ZAR3.58

                                       - lowest price of ZAR3.55

Value of transaction:                  ZAR2,661,502.28

Nature of interest of executive:       Beneficial

On-market or off-market:               On-market

Clearance given in terms of Paragraph  Yes
3.66:

Holding following transaction:         6,387

Johannesburg

15 June 2016

JSE Sponsor
One Capital

CONTACT INFORMATION

Corporate Office

The Firs Office Building

1st Floor, Office 101

Cnr. Cradock and Biermann Avenues

Rosebank, Johannesburg

South Africa

Office: +27 (0) 11 243 2900

Facsimile: +27 (0) 11 880 1240

Registered Office

Suite 31

Second Floor

107 Cheapside

London

EC2V 6DN

United Kingdom

Office: +44 (0) 20 7796 8644

Facsimile: +44 (0) 20 7796 8645

Cobus Loots                                  Deon Louw

Pan African Resources PLC                    Pan African Resources PLC

Chief Executive Officer                      Financial Director

Office: +27 (0)11 243 2900                   Office: +27 (0) 11 243 2900

Phil Dexter                                  John Prior / Paul Gillam / James Black

St James's Corporate Services Limited        Numis Securities Limited

Company Secretary                            Nominated Adviser & Joint Broker

Office: +44 (0)20 7796 8644                  Office: +44 (0)20 7260 1000

Sholto Simpson                               Matthew Armitt / Ross Allister

One Capital                                  Peel Hunt LLP

JSE Sponsor                                  Joint Broker

Office: +27 (0)11 550 5009                   Office: +44 (0)020 7418 8900

Julian Gwillim                               Daniel Thöle/ Richard Crowley/ Aarti Iyer

Aprio Strategic Communications               Bell Pottinger PR

Public & Investor Relations SA               Public & Investor Relations UK

Office: +27 (0)11 880 0037                   Office: +44 (0)20 3772 2500

www.panafricanresources.com