ACA.L Regulatory News (ACA)

ACACIA MINING PLC - Correction : Director/PDMR Shareholding

PR Newswire

London, March 23

Please be advised that the below announcement was incorrectly published underthe company name Acacia Mining Plc. This should have read and displayed PanAfrican Resources plc and has now been re-issued under their name.

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 23 March 2016 of the following dealings in respect of the Company’s ordinary shares:

Name of director/executive: Casper Strydom

Company of which he is a director: Managing Director of Barberton Mines Pty Ltd, a major subsidiary of the Company

Date of transaction: 22 March 2016

Nature of transaction: Purchase of shares

Class of security: Ordinary shares

Number of ordinary shares: 750,000

Price per ordinary share: ZAR2.70

Value of transaction: ZAR2,025,000

Nature of interest of executive: Beneficial

On-market or off-market: On-market

Clearance given in terms of Paragraph 3.66: Yes

Holding following transaction: 754,000

Johannesburg

23 March 2016

JSE SponsorOne Capital

CONTACT INFORMATION

Corporate Office

The Firs Office Building

1st Floor, Office 101

Cnr. Cradock and Biermann Avenues

Rosebank, Johannesburg

South Africa

Office: +27 (0) 11 243 2900

Facsimile: +27 (0) 11 880 1240

Registered Office

Suite 31

Second Floor

107 Cheapside

London

EC2V 6DN

United Kingdom

Office: +44 (0) 20 7796 8644

Facsimile: +44 (0) 20 7796 8645

Cobus Loots Deon Louw

Pan African Resources PLC Pan African Resources PLC

Chief Executive Officer Financial Director

Office: +27 (0)11 243 2900 Office: +27 (0) 11 243 2900

Phil Dexter John Prior / Paul Gillam / James Black

St James's Corporate Services Limited Numis Securities Limited

Company Secretary Nominated Adviser & Joint Broker

Office: +44 (0)20 7796 8644 Office: +44 (0)20 7260 1000

Sholto Simpson Matthew Armitt / Ross Allister

One Capital Peel Hunt LLP

JSE Sponsor Joint Broker

Office: +27 (0)11 550 5009 Office: +44 (0)020 7418 8900

Julian Gwillim Daniel Thöle/ Richard Crowley/ Aarti Iyer

Aprio Strategic Communications Bell Pottinger PR

Public & Investor Relations SA Public & Investor Relations UK

Office: +27 (0)11 880 0037 Office: +44 (0)20 3772 2500

www.panafricanresources.com