Pan African Resources Regulatory News (PAF)

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 BY AN ASSOCIATE OF A DIRECTOR The company was notified on 3 October 2013 of the following dealing in respectof the company's ordinary shares: Name of director: RG Still Name of associate of director: Alexandra Trust ("the Trust") Relationship: Mr Still is a trustee of the Trust Nature of transaction: Disposal by the Trust to adjust its portfolio of investments Date of transaction: 1 October 2013 Class of security: Ordinary shares ("Shares") Number of ordinary shares: 360 916 Price per ordinary share: ZAR 2.70 Value of transaction: ZAR 974 473.20 Nature of interest: Indirect non-beneficial On-market or off-market: On-market Clearance given in terms of YesParagraph 3.66: The Trust's remaining holding in Pan African after the sale is 11,312,700Shares, representing 0.62% of the issued share capital of the Company. MrStill's total direct, beneficial interest in Pan African remains unchanged at2,510,000 Shares, representing 0.14% of the issued share capital of the Companyas well as his indirect, non-beneficial interest held through PangeaExploration (Proprietary) Limited of 2,251,214 Shares, representing 0.12% ofthe issued share capital. Johannesburg4 October 2013 JSE SponsorOne Capital PAN AFRICAN ENQUIRIES South Africa UK 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