Pan African Resources 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")

DEALINGS IN SECURITIES

The Company was notified yesterday, of the following dealings in respect of theCompany's shares:

Name of director: NA Reynolds * (Acting Chief Financial Officer)

Company of which he is a director: Director of Emerald Panther Investments 91

Proprietary Limited and an alternate director of Evander Gold Mines Limited, both major subsidiaries of the Company

Name of associate of director: NA Reynolds Family Trust ("Trust") of which NA

Reynolds is a trustee and beneficiary Date of transaction: 9 April 2013 Nature of transaction: Purchase of shares by the Trust Number of shares: 10,000 Price per ordinary share: ZAR2.11 Value of transaction: ZAR21,100 Class of shares: Ordinary Shares Interest of director: Indirect beneficial Clearance obtained: Yes On-market or off-market: On-market Name of executive: A van den Bergh * (Executive: Human Resources)

Name of associate of executive: L van den Bergh (A van den Bergh's wife)

Date of transaction: 9 April 2013 Nature of transaction: Purchase of shares by L van den Bergh Number of shares: 37,912 Price per ordinary share: ZAR2.11 Value of transaction: ZAR79,994 Class of shares: Ordinary Shares Interest of executive: Non-beneficial Clearance obtained: Yes On-market or off-market: On-market

* For the avoidance of doubt, it should be noted that the above namedindividuals are not directors of Pan African.

Johannesburg 10 April 2013JSE Sponsor One Capital PAN AFRICAN ENQUIRIES South Africa UK Pan African Resources Canaccord Genuity Limited - Nomad and Joint BrokerMr Cobus Loots Andrew Chubb / Peter Stewart / Joe WeavingNon-executive director and JointInterim Chief Executive Officer +44 (0) 20 7523 8350 +27 (0) 11 305 8900 Mr Ron Holding Chief Operating Officer and JointInterim Chief Executive Officer +27 (0) 11 243 2900 One Capital finnCap Limited - Joint Broker Sholto Simpson / Megan Young 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 7499 3916 +27 83 504 1186 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