Posting of Annual Report & Salient Dates Re Div Rec

30 Sep 2010 08:00

30 September 2010 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

POSTING OF ANNUAL REPORT AND NOTIFICATION OF SALIENT DATES RELATING TO DIVIDEND RECOMMENDATION

Posting of annual report and notice of annual general meeting

Pan African Resources PLC (JSE: PAN / AIM: PAF) shareholders are referred to the announcement released on the Securities Exchange News Service ("SENS") of JSE Limited ("JSE") and to the Regulatory News Service ("RNS") of the London Stock Exchange ("LSE") on Tuesday, 31 August 2010, and are advised that the Company will post its annual report for the year ended 30 June 2010 ("Annual Report") to shareholders on Friday, 22 October 2010.

Notice is hereby given that Pan African`s Annual General Meeting ("AGM") will be held at the offices of Fasken Martineau LLP, Fourth Floor, 17 Hanover Square, London, W1S 1HU on Monday, 15 November at 12:00pm Central African Time / 10:00am Greenwich Mean Time to conduct the business set out in the notice of AGM that will be distributed to shareholders together with the Annual Report.

Dividend recommendation

The board has proposed a final dividend for the year ended 30 June 2010 of GBP5.26 million, which calculated on 1,413,540,711 issued shares currently outstanding, equates to 0.3723p per share ("Dividend"). The Dividend requires the approval of Pan African shareholders at the AGM.

Expected Dividend timetable

2010 Approval of Dividend at the AGM Monday, 15 November Currency conversion date Monday, 15 November

Announcement of results of AGM and currency conversion on Monday, 15 November SENS and to RNS

Last date to trade on the JSE Friday, 26 November

Ex-Dividend date on the JSE Monday, 29 November Ex-Dividend date on the LSE Wednesday, 1 December Record date Friday, 3 December Payment date Friday, 10 DecemberNotes:

1. The above dates and times are subject to amendment. Any such amendment will

be released on SENS and to the RNS and published in the South African

press.

2. No transfers between the Johannesburg and London registers between

commencement of trading on Monday, 15 November 2010 and close of business

on Friday, 3 December 2010, will be permitted.

3. No shares may be dematerialised or rematerialised between Monday,

29 November 2010 and Friday, 3 December 2010, both days inclusive.

Enquiries:South Africa UK Pan African RBC Capital Markets Jan Nelson, Chief Executive Officer Martin Eales / Brett Jacobs +27 (0) 11 243 2900 +44 (0) 20 7029 7881

Macquarie First South Advisers (Pty) St James's Corporate Services Limited Ltd

Phil Dexter Melanie de Nysschen / Annerie Britz +44 (0) 20 7499 3916 +27 (0) 11 583 2000 Hansard Communications Justine James +44 (0) 20 7245 1100 +44 (0) 7525 324431