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 In compliance with paragraph 3.63 to 3.66 of the JSE Limited ListingsRequirements, shareholders of Pan African are hereby advised that the Companywas notified on 17 September 2013 of the following dealings in securities by adirector: Name of director: C Loots Nature of transaction: Purchase Date of transaction: 17 September 2013 Class of security: Ordinary shares Number of ordinary shares: 50,000 Price per ordinary share: GBP 0.1425 Value of transaction: GBP 7,125 Nature of interest: Direct beneficial On-market or off-market: On-market Clearance given in terms of Paragraph Yes3.66: Following this on-market transaction, Mr C Loots has a direct beneficialinterest in 231,575 ordinary shares, representing 0.01% of the issued sharecapital of Pan African. Johannesburg18 September 2013 JSE SponsorOne Capital PAN AFRICAN ENQUIRIES UK South Africa Pan African Resources Canaccord Genuity LimitedMr Ron Holding Nomad and Joint BrokerChief Executive Officer Andrew Chubb / 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