Pan African Resources Regulatory News (PAF)

PAN AFRICAN RESOURCES PLC - Director/PDMR Shareholding

PR Newswire

London, January 15

PAN AFRICAN RESOURCES PLC

(Incorporated and registered in England and Wales under Companies Act 1985

with registered number 3937466 on 25 February 2000)

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF PAN AFRICAN

Pan African shareholders are advised of the dealing in securities by anassociate of a Pan African director with respect to excess shares ("ExcessShares"), issued pursuant to the Company's R703 million rights offer ("RightsOffer") which closed on 11 January, 2013.

Name of director: R G Still

Designation: Non-executive director

Name of associate: The Alexandra Family Trust ("Trust")

Relationship with director: R G Still is a trustee of the Trust

Date of transaction: 16 January 2013

Nature of transaction: Excess Shares issued to the Trust pursuant to the Trustapplying for Excess Shares in terms of the Rights Offer

Class of security: Ordinary shares

Number of securities: 72, 836

Subscription price per security: R1.90

Total value of transaction: R138,388.40

Confirmation of on-market or off-market: Off-market

Nature of director's interest: Indirect non-beneficial