Statement re Regulatory Announcement

Pan African Resources PLC ("Pan African" or "the Company") (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 NOTIFICATION IN TERMS OF AIM RULES Thabo Mosololi, a non-executive director of Pan African, has informed theCompany that Evraz Highveld Steel and Vanadium Limited, a company of which MrMosololi is also a director, has commenced voluntary business rescueproceedings in terms of section 129 of the South African Companies Act 2008.This notification is made in accordance with Rule 17 of the AIM Rules forCompanies. For further information on Pan African, please visit the Company's website atwww.panafricanresources.com 20 April 2015 Contact Details Corporate OfficeThe Firs Office Building1st Floor, Office 101Cnr. Cradock and Biermann AvenuesRosebank, JohannesburgSouth AfricaOffice: + 27 (0) 11 243 2900Facsmile: + 27 (0) 11 880 1240 Registered OfficeSuite 31Second Floor107 CheapsideLondonEC2V 6DNUnited Kingdom Office: + 44 (0) 207 796 8644Facsmile: + 44 (0) 207 796 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 Peter StewartSt James's Corporate Services Limited Canaccord Genuity LimitedCompany Secretary Nominated AdviserOffice: + 44 (0)207 796 8644 Office: +44 (0)207 523 8000 Sholto Simpson Matthew Armitt / Ross AllisterOne Capital Peel Hunt LLPJSE Sponsor Joint BrokerOffice: + 27 (0)11 550 5009 Office: +44 (0)020 7418 8900 Julian Gwillim Daniel ThöleAprio Strategic Communications Bell Pottinger PRPublic & Investor Relations SA Public & Investor Relations UKOffice: +27 (0)11 880 0037 Office: + 44 (0)203 772 2500

www.panafricanresources.com