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 19 April 2016 of the following dealings in respect
of the Company's ordinary shares:

Name of director/executive:            Neal Reynolds

Company of which he is a director:     Director of Emerald Panther
                                       Investments 91 Proprietary Ltd, Pan
                                       African Resources Funding Company Pty
                                       Ltd, Evander Gold Mines Ltd, Evander
                                       Gold Mining Pty Ltd and alternate
                                       director on Barberton Mines Pty Ltd,
                                       major subsidiaries of the Company

Name of associate of director:         NA Reynolds Family Trust ('Trust') of
                                       which Neal Reynolds is a trustee and
                                       beneficiary

Date of transaction:                   19 April 2016

Nature of transaction:                 Sale of shares by the Trust

Class of security:                     Ordinary shares

Number of ordinary shares:             100,000

Price per ordinary share:              ZAR3.11

Value of transaction:                  ZAR311,000

Nature of interest of executive:       Indirect beneficial

On-market or off-market:               On-market

Clearance given in terms of Paragraph  Yes
3.66:

Johannesburg

19 April 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