Barberton Mines Wage Agreement

Pan African Resources Plc - Barberton Mines Wage Agreement

PR Newswire

London, October 18

Pan African Resources PLC

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

Share code on AIM: PAF

Share code on JSE: PAN

ISIN: GB0004300496

(“Pan African Resources” or the “Company” or the “Group”)

PAN AFRICAN RESOURCES SUCCESSFULLY CONCLUDES BARBERTON MINESWAGE NEGOTIATIONS

Pan African Resources is pleased to announce that Barberton Mines Proprietary Limited (“Barberton Mines”) has successfully concluded a one year wage agreement with the National Union of Mineworkers (“NUM”) (“Agreement”), this Agreement follows on from the previous two year wage agreement which concluded on 30 June 2017. The Agreement is in addition to the three year wage agreement(1 July 2015 – 30 June 2018) with the United Association of South Africa (“UASA”). NUM and UASA currently represent the employees of Barberton Mines. In terms of the Agreement, the average wage increase for all Barberton Mines employees will amount to approximately 8% per annum, effective from 1 July 2017.

Barberton Mines experienced a 2.5 day stoppage during the negotiation period. The stoppage is not expected to affect the Group’s production guidance of 190,000oz for the financial year ending 30 June 2018.

For further information on Pan African Resources, please visit the Company’s website at www.panafricanresources.com

18 October 2017

Corporate Office

The Firs Office Building1st Floor, Office 101Cnr. Cradock and Biermann AvenuesRosebank, JohannesburgSouth AfricaOffice: + 27 (0) 11 243 2900Facsimile: + 27 (0) 11 880 1240

Registered Office

Suite 31Second Floor107 CheapsideLondonEC2V 6DNUnited Kingdom

Office: + 44 (0) 20 7796 8644Facsimile: + 44 (0) 20 7796 8645

Cobus Loots Deon LouwPan African Resources PLC Pan African Resources PLCChief Executive Officer Financial DirectorOffice: + 27 (0) 11 243 2900 Office: + 27 (0) 11 243 2900

Phil Dexter John Prior / Paul GillamSt James's Corporate Services Limited Numis Securities LimitedCompany Secretary Nominated Adviser and Joint BrokerOffice: + 44 (0) 20 7796 8644 Office: +44 (0) 20 7260 1000

Sholto Simpson Ross Allister/Chris BurrowsOne Capital Peel Hunt LLPJSE Sponsor Joint BrokerOffice: + 27 (0) 11 550 5009 Office: +44 (0) 20 7418 8900

Julian Gwillim Jeffrey Couch/Neil Haycock/Thomas RiderAprio Strategic Communications BMO Capital Markets LimitedPublic & Investor Relations SA Joint BrokerOffice: +27 (0)11 880 0037 Office: +44 (0) 20 7236 1010

Bobby Morse/Chris JuddBuchanan CommunicationsPublic & Investor Relations UKOffice: +44 (0) 207 466 5000

www.panafricanresources.com