Pan African Resources PLC(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000) AIM Code: PAF JSE Code: PAN ISIN: GB0004300496 ("Pan African" or "the Company") DEALINGS IN SECURITIESThe company was notified on 21 February 2014 of the following dealings inrespect of the company's ordinary shares:Name of director/executive: A van den Bergh (Executive: Human Resources)Name of associate of director/ L van den Berghexecutive:Nature of transaction: Sale of shares by L van den BerghDate of transaction: 19 February 2014Class of security: Ordinary sharesNumber of ordinary shares: 37 912Price per ordinary share: ZAR 2.81Value of transaction: ZAR 106 532.72Nature of interest of executive: Non-beneficialOn-market or off-market: On-marketClearance given in terms of Paragraph Yes3.66:Holding following transaction: NilName of director/executive: C Strydom (General Manager of Barberton Mines (Proprietary) Limited ("Barberton Mines"))Company of which he is a director: Barberton Mines, a major subsidiary of the CompanyName of associate of director/ A Strydomexecutive:Nature of transaction: Sale of shares by A StrydomDate of transaction: 20 February 2014Class of security: Ordinary sharesNumber of ordinary shares: 48 000Price per ordinary share: ZAR 2.76Value of transaction: ZAR 132 480.00Nature of interest of executive: Non-beneficialOn-market or off-market: On-marketClearance given in terms of Paragraph Yes3.66:Holding following transaction: Nil21 February 2014JSE SponsorOne CapitalPAN AFRICAN ENQUIRIES UKSouth AfricaPan African Resources Canaccord Genuity LimitedMr Ron Holding Nomad and Joint BrokerChief Executive Officer Neil Elliott/ Peter Stewart / Joe Weaving+27 (0) 11 243 2900 +44 (0) 20 7523 8350Vestor Investor Relations finnCap LimitedLouise Brugman Joint Broker+27 (0) 11 787 3015 Elizabeth Johnson / Joanna Weaving+27 83 504 1186 +44 (0) 20 7220 0500One Capital St James's Corporate Services LimitedLiezl Gildenhuys Phil Dexter+27 (0) 11 550 5000 +44 (0) 20 7796 8647 Gable Communications Justine James +44 (0) 20 7193 7463 / +44 (0) 7525 324431For further information on Pan African, please visit the website atwww.panafricanresources.com