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")                        
                                                                                   

                              APPOINTMENT OF JOINT BROKER                          

    Pan African, the African-focused precious metals producer, is pleased to
    announce the appointment of BMO Capital Markets Limited as joint broker
    alongside Numis Securities Limited and Peel Hunt LLP with immediate effect.

    For further information on Pan African, please visit the Company's website at 
    www.panafricanresources.com

    22 June 2016

    CONTACT INFORMATION


    Corporate Office
    The Firs Office Building
    1st Floor, Office 101
    Cnr. Cradock and Biermann Avenues
    Rosebank, Johannesburg
    South Africa

    Office: +27 (0) 11 243 2900
    Facsimile: +27 (0) 11 880 1240

    Registered Office
    Suite 31
    Second Floor
    107 Cheapside
    London
    EC2V 6DN
    United Kingdom

    Office: +44 (0) 20 7796 8644
    Facsimile: +44 (0) 20 7796 8645
     

    Cobus Loots                            Deon Louw                             
                                                                                 
    Pan African Resources PLC              Pan African Resources PLC             
                                                                                 
    Chief Executive Officer                Financial Director                    
                                                                                 
    Office: +27 (0)11 243 2900             Office: +27 (0) 11 243 2900           

       

    Phil Dexter                            John Prior / Paul Gillam / James Black
                                                                                 
    St James's Corporate Services Limited  Numis Securities Limited              
                                                                                 
    Company Secretary                      Nominated Adviser & Joint Broker      
                                                                                 
    Office: +44 (0)20 7796 8644            Office: +44 (0)20 7260 1000           

       

    Sholto Simpson                         Matthew Armitt / Ross Allister        
                                                                                 
    One Capital                            Peel Hunt LLP                         
                                                                                 
    JSE Sponsor                            Joint Broker                          
                                                                                 
    Office: +27 (0)11 550 5009             Office: +44 (0)020 7418 8900          

       

    Jeffrey Couch / Neil Haycock / Thomas                                        
    Rider                                                                        
                                                                                 
    BMO Capital Markets Limited                                                  
                                                                                 
    Joint Broker                                                                 
                                                                                 
    Office: +44 (0)20 7236 1010                                                  

       

    Julian Gwillim                         Daniel Thöle/ Richard Crowley/ Aarti  
                                           Iyer                                  
                                                                                 
    Aprio Strategic Communications         Bell Pottinger PR                     
                                                                                 
    Public & Investor Relations SA         Public & Investor Relations UK        
                                                                                 
    Office: +27 (0)11 880 0037             Office: +44 (0)20 3772 2500           

    www.panafricanresources.com