Director/PDMR Shareholding

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 8 May 2014 of the following dealings in respect ofthe company's ordinary shares: Name of director/executive: C Strydom (Director of Barberton Mines (Proprietary) Limited ("Barberton Mines")) Company of which he is a director: Barberton Mines, a major subsidiary of the Company Nature of transaction: Sale of shares Date of transaction: 06 May 2014 Class of security: Ordinary shares Number of ordinary shares: 290,461 Price per ordinary share: ZAR 2.73 Value of transaction: ZAR 792 958.00 Nature of interest of executive: Beneficial On-market or off-market: On-market Clearance given in terms of Paragraph 3.66: Holding following transaction: Nil 9 May 2014 JSE Sponsor One Capital PAN AFRICAN ENQUIRIES South Africa UK Pan African Resources Canaccord Genuity LimitedMr Ron Holding Nomad and Joint BrokerChief Executive Officer Neil Elliot/ Peter Stewart / Joe Weaving+27 (0) 11 243 2900 +44 (0) 20 7523 8350 Vestor Investor Relations finnCap LimitedLouise Brugman Joint Broker+27 (0) 11 787 3015 Elizabeth Johnson / Joanna Weaving+27 83 504 1186 +44 (0) 20 7220 0500 One Capital St James's Corporate Services LimitedLiezl Gildenhuys Phil Dexter+27 (0) 11 550 5000 +44 (0) 20 7796 8647 Gable Communications Justine James +44 (0) 20 7193 7463 / +44 (0) 7525 324431 For further information on Pan African, please visit the website atwww.panafricanresources.com