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 on 13 May 2013 of the following dealings in respect ofthe Company's ordinary shares:

Name of individual: RG Still Company of which he is a director: Pan African Resources PLC Name of associate of director: The Alexandra Trust ("Trust"), of which RG Still is a Trustee Nature of transaction: Sale of shares by the Trust in adjusting its portfolio of investments Date of transaction: 8 May 2013 Number of shares: 1,000,000 Price per ordinary share: ZAR2.24 Value of transaction: ZAR2,240,000 Date of transaction: 9 May 2013 Number of shares: 1,100,000 Price per ordinary share: ZAR2.34 Value of transaction: ZAR2,574,000 Date of transaction: 10 May 2013 Number of shares: 200,000 Price per ordinary share: ZAR2.35 Value of transaction: ZAR470,000 Class of shares: Ordinary shares ("Shares") Interest of director: Indirect non-beneficial Clearance obtained: Yes On-market or off-market: On-market The Trust's remaining holding in Pan African after the sales is 11,673,616Shares, representing 0.64% 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. Johannesburg 13 May 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