Pan African Resources Regulatory News (PAF)

PAN AFRICAN RESOURCES PLC - Correction : Salient Dividend Dates

PR Newswire

London, November 30

Please note that the announcement released this morning incorrectly referred tothe payment date as Friday, 24 December. This should have read Thursday, 24December and a corrected announcement is issued below

Pan African Resources PLC

("Pan African" or the "Company" or the "Group")

(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

Salient Dividend Dates

At the Annual General Meeting of the Company held on Friday, 27 November 2015 shareholders approved the payment of a final dividend of 11.46604 cents per share, equivalent to 0.53108 pence per share, converted at the rate of ZAR21.59 : GBP 1.00 on the currency conversion date.

The salient dates of the dividend payment are as follows:

The local dividends tax rate is fifteen percent per ordinary share and therefore shareholders who are liable to pay the dividends tax will receive a net dividend of 9.74613 cents per share (0.45142 pence per share). The Company’s South African income tax reference number is 9154588173 and it has 1,831,494,763 shares currently in issue.

Johannesburg

30 November 2015

Contact Details

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

Facsmile: + 27 (0) 11 880 1240

Registered Office

Suite 31

Second Floor

107 Cheapside

London

EC2V 6DN

United Kingdom

Office: + 44 (0)20 7796 8644

Facsmile: + 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

St James's Corporate Services Limited Numis Securities Limited

Company Secretary Nominated Adviser and 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 Thole

Aprio Strategic Communications Bell Pottinger PR

Public & Investor Relations SA Public & Investor Relations UK

Office: +27 (0)11 880 0037 Office: + 44 (0)203 772 2500

www.panafricanresources.com