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 The company was notified on 21 February 2014 of the following dealings inrespect of the company's ordinary shares: Name of director/executive: A van den Bergh (Executive: Human Resources) Name of associate of director/ L van den Berghexecutive: Nature of transaction: Sale of shares by L van den Bergh Date of transaction: 19 February 2014 Class of security: Ordinary shares Number of ordinary shares: 37 912 Price per ordinary share: ZAR 2.81 Value of transaction: ZAR 106 532.72 Nature of interest of executive: Non-beneficial On-market or off-market: On-market Clearance given in terms of Paragraph Yes3.66: Holding following transaction: Nil Name of director/executive: C Strydom (General Manager of Barberton Mines (Proprietary) Limited ("Barberton Mines")) Company of which he is a director: Barberton Mines, a major subsidiary of the Company Name of associate of director/ A Strydomexecutive: Nature of transaction: Sale of shares by A Strydom Date of transaction: 20 February 2014 Class of security: Ordinary shares Number of ordinary shares: 48 000 Price per ordinary share: ZAR 2.76 Value of transaction: ZAR 132 480.00 Nature of interest of executive: Non-beneficial On-market or off-market: On-market Clearance given in terms of Paragraph Yes3.66: Holding following transaction: Nil 21 February 2014 JSE SponsorOne Capital PAN AFRICAN ENQUIRIES UK South Africa Pan African Resources Canaccord Genuity LimitedMr Ron Holding Nomad and Joint BrokerChief Executive Officer Neil Elliott/ 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