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 today, of the following dealings in respect of theCompany's shares: Name of individual: RA Holding * (Chief Operating Officer and Joint Interim Chief Executive Officer) Company of which he is a director: Director of Barberton Mines Pty Ltd, Emerald Panther Investments 91 Pty Ltd, Evander Gold Mines Ltd and Firefly Investments 251 Pty Ltd Date of transaction: 15 April 2013 Nature of transaction: Purchase of shares Number of shares: 100,000 Price per ordinary share: ZAR1.92 (VWAP); ZAR1.90 (lowest); ZAR1.95 (highest) Value of transaction: ZAR192,490 Class of shares: Ordinary Shares Interest of director: Direct beneficial Clearance obtained: Yes On-market or off-market: On-market

Following this on-market transaction, Mr RA Holding has a direct beneficialinterest in 852,500 Ordinary Shares, representing 0.046% of the issued sharecapital of the Company.

* For the avoidance of doubt, RA Holding is not a director of Pan African.

Johannesburg 16 April 2013 JSE Sponsor One Capital PAN AFRICAN ENQUIRIES UK South Africa Pan African Resources Canaccord Genuity Limited - Nomad and Joint BrokerMr Cobus Loots Andrew Chubb / Peter Stewart / Joe Weaving Non-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