Directorate Change

17 Sep 2009 13:30

Regulatory Announcement

Pan African Resources plc (Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000) Share code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 ("Pan African" or "the Company") Board Appointments

Further to the announcement dated 21 August 2009, Pan African announces that on 17 September 2009 the following changes to the Board were ratified:

* Cyril Ramaphosa was appointed Non-Executive Chairman; * Rowan Smith was appointed as a Non-Executive Director; and * Cobus Loots was appointed as Finance Director.

Keith Spencer has assumed the role of Independent, Non-Executive Deputy Chairman.

Cyril Ramaphosa joined the board of SAB Ltd in 1997 and was appointed to the board of South African Breweries plc upon its listing on the London Stock Exchange in 1999. He is Executive Chairman of Shanduka Group, Joint Non-Executive Chairman of Mondi plc and Mondi Limited and holds directorships in Macsteel Global B.V., MTN Group Ltd, The Bidvest Group, Standard Bank and Alexander Forbes. He also serves on the board of the Commonwealth Business Council.

Rowan Smith is the Managing Director of Shanduka Resources and has almost two decades of collective experience in the minerals and merchant banking industries. His experience includes mine - geological valuation work for Rand Mines, seven years with Societe Generale de Surveillance in both Geneva and South Africa as a senior manager, and four years as a Director of Investec's Resource Finance Division.

Cobus Loots is a Chartered Accountant who worked in Investment Banking with Macquarie Africa prior to holding positions with Shanduka Coal and Sentula Mining. He became a Principal at Shanduka Resources in 2008.

Jan Nelson, CEO of Pan African, said: "Pan African is delighted to welcome the new directors to our board. We look forward to their contributions in ensuring the combined success of the Group."

Matamela Cyril Ramaphosa (aged 56) currently holds, or has held within the last 5 years, the following directorships:

Current Within the last 5 years Alexander Forbes Equity Holdings (Pty) Alexander Forbes Limited Limited Alexander Forbes Group (Proprietary) Barberton Mines Limited Limited Assore Limited BDFM Bidvest Group Limited Future Africa Trading (PTY) LTD Commonwealth Business Council Limited Johnnic Holdings Limited Investment Solutions (South Africa) Macsteel Holdings Kangra Coal (Pty) Limited Medscheme Limited Macsteel Global b.v. Shanduka Coal (Pty) Limited

Macsteel Service Centres SA (Pty) Shanduka Fund Managers (Pty) Limited Limited

Maxshell 80 Investments (Proprietary) Shanduka Gold (Pty) Limited Limited MTN International (Pty) Ltd Shanduka Properties (Pty) Limited MTN Group Limited Seardel Investment Corporation Limited MTN Holdings (Pty) Ltd Secured Property Holdings (PTY) LTD Mondi Packaging South Africa (Pty) Ltd Rentworks Africa (Pty) LTD

Mondi Shanduka Newsprint (Pty) Ltd Vancut Diamond Works (PTY) LTD

Mondi plc Welgedacht Exploration Company Limited Mondi South Africa Limited SABMiller plc SASRIA Shanduka Advisors (Pty) Limited Shanduka Group (Pty) Limited Shanduka Resources (Pty) Limited Standard Bank Group Limited Standard Bank of South Africa Limited TBWA Hunt Lascaris Holdings (Proprietary) Limited Tutuwa Strategic Holdings 1 (Proprietary)

Rowan Murray Smith (aged 45) currently holds, or has held within the last 5 years, the following directorships:

Current Within the last 5 years Shanduka Group (Pty) Limited Barberton Mines (Pty) Limited Shaduka Resources (Pty) Limited Shanduka Coal Investments (Pty) Limited Shanduka Gold (Pty) Limited Shanduka Newsprint (Pty) Limited Shanduka Packaging (Pty) Limited Kangra Coal (Pty) Limited Mondi Shanduka Newsprint (Pty) Limited Mondi Packaging SA (Pty) Limited Main Street 343 (Pty) Limited Shanduka Coal (Pty) Limited Rapid Coal (Pty) Limited Wakefield Investments (Pty) Limited Side Minerals (Pty) Limited Leeufontein Myne (Pty) Limited Bankfontein Properties (Pty) Limited Springboklaagte Mining (Pty) Limited Lexshell 99 General Trading (Pty) Limited Graspan Colliery (Pty) Limited Shanduka Exploration (Pty) Limited Assore Limited

Jacobus Albertus Johannes Loots (aged 31) currently holds, or has held within the last 5 years, the following directorships:

Current Within the last 5 years Makeda Fund Managers Limited None Barberton Mines Limited Kanga Coal (Pty) Ltd Shanduka Coal (Pty) Ltd

There is no further information to be disclosed in accordance with AIM Rules Schedule 2(g).

17 September 2009Sponsor and Corporate Advisor

Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited

For further information on Pan African Resources plc, please visit the website at www.panafricanresources.com

Enquiries:Pan African ResourcesJan Nelson, CEO+27 (0) 11 243 2900

Nicole Spruijt, Public Relations

+27 (0) 11 243 2900RBC Capital MarketsMartin Eales+44 (0) 20 7029 7881

Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited

Natalie Di-Sante+27 (0) 11 750 0207Sholto Simpson+27 (0) 11 750 0213

St James's Corporate Services Limited

Phil Dexter

+44 (0) 20 7499 3916

FD Beachhead Media & Investor Relations

Jennifer Cohen+27 (0) 11 214 2401Louise Brugman+27 (0) 11 214 2415+27 (0) 83 504 1186