Posting of Annual Report & Circular to Shareholders

6 Nov 2012 15:49

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) AIM: PAF/JSE: PAN ISIN: GB0004300496

POSTING OF ANNUAL REPORT AND CIRCULAR TO SHAREHOLDERS

ANNUAL GENERAL MEETING AND GENERAL MEETING

Pan African Shareholders ("Shareholders") are advised that the annual report for the year ended 30 June 2012 ("Annual Report") and a Circular to Shareholders ("Circular") relating to the proposed acquisition ("Acquisition") of Evander Gold Mines Limited, the approval of the necessary authorities to implement the rights offer that it is proposed will finance (in part) the Acquisition and the convening of a General Meeting of the Company will both be posted to Shareholders on Wednesday, 7 November 2012.

Notice is hereby given that the Annual General Meeting ("AGM") of the Company will be held at the offices of Canaccord Genuity Limited, 8th Floor, 88 Wood Street, London EC2V 7QR on Friday, 30 November 2012 at 10.00 GMT/12.00 CAT to conduct the business set out in the Notice of AGM that is set out at the end of the Annual Report.

Notice is also hereby given that a General Meeting of the Company will be held at the offices of Canaccord Genuity Limited, 8th Floor, 88 Wood Street, London EC2V 7QR on Friday, 30 November 2012 at 10.05 GMT/12.05 CAT (or as soon thereafter as the AGM of the Company convened for the same date and place shall have been concluded or adjourned) to conduct the business set out in the Notice of General Meeting that is set out at the end of the Circular.

The Annual Report will be available on the Financial Reports section ofCompany's website at www.panafricanresources.com/annual_reports.htm and theCircular will be available on the Investor Relations, Company Documents sectionat www.panafricanresources.com/company_docs.htm from Wednesday, 7 November2012.6 November 2012JohannesburgSponsorOne CapitalEnquiries South Africa UK Pan African Canaccord Genuity Limited - NOMAD and Joint Broker

Jan Nelson, Chief Executive Officer John Prior/Sebastian Jones/Joe Weaving

+27 (0) 11 243 2900 +44 (0) 20 7523 8350 One Capital finnCap Limited - Joint Broker Sholto Simpson/Megan Young Matthew Robinson/Elizabeth Johnson +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 Gable Communications Justine James +44 (0) 20 7193 7463