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Director/PDMR Shareholding

14 Mar 2008 14:00

Regulatory Announcement Company Pan African Resources plc TIDM PAF Headline Directors Dealings Released 14 March 2008 Pan African Resources PLC (`Pan African' or the `Company')

(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 Directors' Dealing

The Company was informed on 13 March 2008 that on that day Mr. Jan Nelson, the Company's Chief Executive Officer, had sold 3 million ordinary shares of 1 pence each in the Company (`Shares') at 7p per share.

Following this transaction, Mr. Nelson retains 6 millions share options in theCompany. ENDS Enquiries:Pan African Ambrian Partners Macquarie First St James's Resources Limited South Corporate Corporate Services Finance (Pty) Limited Limited Jan Nelson, CEO Richard Brown Amanda Markman Phil Dexter

+27 (0) 11 777 7840 +44 (0) 20 7634 +27 (0) 11 343 2307 +44 (0) 20 7499

4705 3916 Keith Spencer, Donĩ Hattingh Chairman +27 (0) 11 343 2308 +27 (0) 11 880 3155 Nicole Stoyell Public Relations +27 (0) 11 777 7840

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

PAN AFRICAN RESOURCES PLC

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