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 and yesterday, of the following dealings inrespect of the Company's shares:

Name of director: JAJ Loots Company of which he is a Non-executive director of Pan African and, newlydirector: appointed Joint Interim Chief Executive Officer Date of transaction: 1 March 2013 Nature of transaction: Purchase of shares Number of shares: 100,000 Price per ordinary share: GBP0.16 Value of transaction: GBP16,000 Class of shares: Ordinary shares of 1 pence each ("Ordinary Shares") Interest of director: Direct beneficial Clearance obtained: Yes On-market or off-market: On-market Following this on-market transaction, Mr Loots has a direct beneficial interestin 181,575 Ordinary Shares, representing 0.01% of the issued share capital ofthe Company. Name of director: RA Holding * (Chief Operating Officer and, newly appointed Joint Interim Chief Executive Officer) Company of which he is a Director of Barberton Mines, Emerald Panther, anddirector: Evander Date of transaction: 1 March 2013 Nature of transaction: Purchase of shares Number of shares: 125,000 Price per ordinary share: ZAR2.16 Value of transaction: ZAR270,000 Class of shares: Ordinary Shares Interest of director: Direct beneficial Clearance obtained: Yes On-market or off-market: On-market Name of director: NA Reynolds * (Acting Chief Financial Officer) Company of which he is a Director of Emerald Panther Investments 91director: Proprietary Limited ("Emerald Panther") and an alternate director of Evander Gold Mines Limited ("Evander"), both major subsidiaries of the Company Name of associate of NA Reynolds Family Trust ("Trust") of which NAdirector: Reynolds is a trustee and beneficiary Date of transaction: 28 February 2013 Nature of transaction: Purchase of shares by the Trust Number of shares: 10,000 Price per ordinary share: ZAR2.14 Value of transaction: ZAR21,400 Class of shares: Ordinary Shares Interest of director: Indirect beneficial Clearance obtained: Yes On-market or off-market: On-market Name of director: C Strydom * (General Manager of Barberton Mines (Proprietary) Limited ("Barberton Mines") Company of which he is a Barberton Mines, a major subsidiary of thedirector: Company Name of associate of A Strydom (C Strydom's wife)director: Date of transaction: 28 February 2013 Nature of transaction: Purchase of shares by A Strydom Number of shares: 48,000 Price per ordinary share: ZAR2.04 Value of transaction: ZAR97,920 Class of shares: Ordinary Shares Interest of director: Non-beneficial On-market or off-market: On-market * For the avoidance of doubt, it should be noted that certain of the abovenamed individuals are not directors of Pan African, but are directors of majorsubsidiaries of the Company. Johannesburg 1 March 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 / SebastianDirector Jones / Joe Weaving +27 (0) 11 305 8900 +44 (0) 20 7523 8350 Mr Ron Holding Chief Operating 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