Dealings by an Associate of an Non-Executive Director

2nd Nov 2011 15:56

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: PAFShare code on JSE: PANISIN: GB0004300496

("Pan African" or the "Company")

HOLDING IN COMPANY AND DIRECTORS' DEALING

DEALINGS BY AN ASSOCIATE OF AN NON-EXECUTIVE DIRECTOR

The Company was notified on Tuesday 1 November 2011 that Pangea Exploration (Pty) Ltd ("Pangea"), a private company of which Mr Rob Still is a director, had sold 300,000 ordinary shares of 1 pence each in the Company ("Shares") at ZAR1.70 per share for a total value of ZAR510,000.00.

The shares were sold by Pangea in order to provide funding for other potential projects.

Following this on market transaction, Pangea holds 3,324,408 Shares, representing 0.23% of the issued capital of the Company. Mr Still's total direct, beneficial interest in Pan African remains unchanged at 2,000,000 Shares, representing 0.14% of the issued share capital of the Company as well as his total indirect, non-beneficial interest of 15,755,308 Shares representing 1.09% of the issued share capital of the Company.

Mr Still did not receive any direct or indirect benefit from the above transactions.

Rosebank2 November 2011JSE Sponsor

Macquarie First South Capital (Pty) Limited

EnquiriesSouth Africa UK Pan African Resources RBC Capital Markets Jan Nelson, Chief Executive Martin Eales / James Officer Kelly +27 (0) 11 243 2900 +44 (0) 20 7029 7881

Macquarie First South Capital St James's Corporate (Pty) Limited

Services Limited Melanie de Nysschen / Annerie Phil Dexter Britz / Yvette Labuschagne +44 (0) 20 7499 3916 +27 (0) 11 583 2000 Gable Communications Justine James +44 (0) 20 7193 7463

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

XLON

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Related Shares:

Pan African Resources