Appointment of Joint Broker & Communications Advisers

Pan African Resources PLC (Incorporated and registered in England and Wales under Companies Act 1985 withregistered number 3937466 on 25 February 2000) Share code on AIM: PAF Share code on JSE: PAN PAN ISIN: GB0004300496 ("Pan African Resources" or the "Company") APPOINTMENT OF JOINT BROKER AND COMMUNICATIONS ADVISERS Pan African Resources (AIM: PAF, JSE: PAN), the African focused precious metalsproducer, is pleased to announce the appointment of Peel Hunt LLP as jointbroker with effect from 1 September 2014. The Company also wishes to announce the appointment of Bell Pottinger as itsLondon market communications advisers, and Aprio Strategic Communications inJohannesburg as its South African-based communications advisers with immediateeffect. PAN AFRICAN RESOURCES ENQUIRIES South Africa UK Pan African Resources Canaccord Genuity LimitedRon Holding Neil Elliot / Peter Stewart / Joe WeavingChief Executive Officer Nomad and Joint Broker+27 (0) 11 243 2900 +44 (0) 20 7523 8350 One Capital Peel Hunt LLPRegulatory Services Matthew Armitt / Ross Allister+27 (0) 11 550 5000 Joint Broker +44 (0) 20 7418 8900 Aprio Strategic Communications St James's Corporate Services LimitedFinancial Public Relations Phil DexterJulian Gwillim +44 (0) 20 7796 8647+27 (0) 11 880 0037 Bell Pottinger Financial Public Relations Daniel Thöle +44 (0) 20 7861 3800 For further information on Pan African Resources, please visit the website atwww.panafricanresources.com 14 August 2014JSE SponsorOne Capital