Director/PDMR Shareholding

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")

DEALING IN SECURITIES

The Company was notified on 29 April 2013 of the following dealing in respectof the Company's 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 Date of transaction: 29 April 2013 Nature of transaction: Sale of shares by the Trust in adjusting its portfolio of investments Number of shares: 1,700,000 Price per ordinary share: ZAR2.22 Value of transaction: ZAR3,774,000 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 sale is 13 973 616Shares, representing 0.77% 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 30 April 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