Pan African Regulatory News (PAF)

Pan African Resources PLC (Incorporated and registered in England and Wales under Companies Act 1985 withregistered number 3937466 on 25 February 2000) AIM Code: PAF JSE Code: PAN ISIN: GB0004300496 ("Pan African" or "the Company") APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER ("CEO") AND FINANCIAL DIRECTOR Pan African shareholders ("Shareholders") are advised that the Company hasappointed Mr Ron Holding, currently Pan African's Interim Joint CEO, as adirector and its CEO with immediate effect. Mr Holding has been intricatelyinvolved with all Pan African's operations since 2009 as Chief OperatingOfficer, until his appointment as Joint Interim CEO in March this year. MrHolding commenced his mining career in 1973 with Gencor and has since occupieda number of senior positions, with exposure to the various stages of developingand mining mineral deposits. In addition to deep level gold mining, his vastexperience includes the mining of platinum, diamonds and copper. Shareholders are further advised that Ms Busi Sitole has resigned as theFinancial Director of Pan African with effect from 30 September 2013, in orderto focus on personal commitments. Mr Cobus Loots will assume the role ofFinancial Director of the Company from 1 October 2013. Mr Loots, a Pan Africandirector since 2009, is currently the Managing Director of Shanduka Resources,which position he will vacate. Mr Loots is a Chartered Accountant (SA) and alsoa CFA ® Charterholder. He was also previously the Financial Director of PanAfrican. Keith Spencer, Chairman of Pan African commented: "Ron's in-depth knowledge ofPan African Resources and its operations makes him the ideal fit. Hisexperience positions him to effectively further the Company's strategy of beinga low cost, high margin, precious metals producer, particularly in light of ourorganic growth plans at Evander and Barberton Mines. Cobus has been a boardmember for many years and the contribution of his expertise as FinancialDirector will be highly beneficial to Pan African. On behalf of the board, Iwould like to thank Busi for her contribution to the Company and we wish herthe best in her future endeavours and the new addition to her family." Johannesburg 9 September 2013 JSE Sponsor One Capital Enquiries UK South Africa Pan African Canaccord Genuity Limited - Nomad and Joint BrokerRon Holding, Chief Executive Officer Andrew Chubb/ Peter Stewart/ Joe Weaving+27 (0) 11 243 2900 +44 (0) 20 7523 8350 One Capital - Sponsor finnCap Limited - Joint Broker Sholto Simpson / Liezl Geldenhuys Elizabeth Johnson / Joanna Weaving 27 (0) 11 550 5000 +44 (0) 20 7220 0500 Vestor Investor Relations St James's Corporate Services Limited Louise Brugman Phil Dexter +27 (0) 11 787 3015 +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 Mr Ronald Allan Holding (aged 61). Within the last 5 years, Ronald waspreviously a Director of the following Fixtrade 429 (Pty) Ltd. Ronald remains a Director of Sugar Creek Trading 35 (Pty) Ltd and the followingsubsidiaries within the Pan African Resources PLC group: Barberton Mines (Pty) Ltd Phoenix Platinum Mining (Pty) Ltd PT Sands (Pty) Ltd Pan African Resources Funding Company (Pty) Ltd Evander Gold Mining (Pty) Ltd Evander Gold Mines Ltd Evander Stone Holdings (Pty) Ltd Evander Township Ltd Evander Township Development Ltd Clidet 790 (Pty) Ltd Clidet 791 (Pty) Ltd Emerald Panther Investments 91 (Pty) Ltd Save as set out in this announcement, there are no further matters to bedisclosed in accordance with paragraph (g) of Schedule 2 of the AIM Rules forCompanies.