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")                        

                           DIRECTOR'S DEALINGS IN SECURITIES                       

                               DEALING NOTIFICATION FORM                           
      FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY   
                                  ASSOCIATED PERSONS                               

    1.    Details of the person discharging                                       
          managerial responsibilities/person closely                              
          associated                                                              
                                                                                  
    a)    Name:                                      Thabo Mosololi               
                                                                                  
    2.    Reason for the notification                                             
                                                                                  
    a)    Position/status:                           Independent non-executive    
                                                     director                     
                                                                                  
    b)    Initial notification/Amendment:            Initial notification         
                                                                                  
    3.    Details of the issuer, emission allowance                               
          market participant, auction platform,                                   
          auctioneer or auction monitor                                           
                                                                                  
    a)    Company name:                              Pan African Resources PLC    
                                                                                  
    b)    LEI:                                       213800EAXURCXMX6RL85         
                                                                                  
    4.    Details of the transaction(s): section to                               
          be repeated for (i) each type of                                        
          instrument; (ii) each type of transaction;                              
          (iii) each date; and (iv) each place where                              
          transactions have been conducted                                        
                                                                                  
    a)    Description of the financial instrument,   Ordinary shares of 1p each   
          type of instrument:                                                     
                                                     Identification code:         
                                                     GB0004300496                 
                                                                                  
    b)    Nature of the transaction:                 Acquisition of ordinary      
                                                     shares                       
                                                                                  
    c)    Price(s) and volume(s):                    Price(s)      Volume(s)      
          6 October 2017                                                          
                                                     ZAR2.30       20,000         
                                                                                  
    d)    Aggregated information:                    Total         Volume(s)      
                                                                                  
                                                     ZAR46,000     20,000         
                                                                                  
    e)    Date of the transaction:                   6 October 2017               
                                                                                  
    f)    Place of the transaction:                  Johannesburg Stock Exchange  

    Additional information disclosed in accordance with the JSE Listings
    Requirements:

    a)    Nature of interest of executive:           Direct beneficial            
                                                                                  
    b)    On-market or off-market:                   On-market                    
                                                                                  
    c)    Clearance given in terms of paragraph 3.66 Yes                          
          of the JSE Listings Requirements:                                       
                                                                                  
    d)    Holding following transactions:            50,000                       

    Johannesburg

    12 October 2017

    Corporate Office                      Registered Office                    
                                                                               
    The Firs Office Building              Suite 31                             
                                                                               
    1st Floor, Office 101                 Second Floor                         
                                                                               
    Cnr. Cradock and Biermann Avenues     107 Cheapside                        
                                                                               
    Rosebank, Johannesburg                London                               
                                                                               
    South Africa                          EC2V 6DN                             
                                                                               
    Office:   + 27 (0) 11 243 2900        United Kingdom                       
                                                                               
    Facsimile: + 27 (0) 11 880 1240       Office:   + 44 (0) 20 7796 8644      
                                                                               
    www.panafricanresources.com           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             
                                                                               
    St James's Corporate Services Limited Numis Securities Limited             
                                                                               
    Company Secretary                     Nominated Adviser and Joint Broker   
                                                                               
    Office: + 44 (0) 20 7796 8644         Office: +44 (0) 20 7260 1000         
                                                                               
    Sholto Simpson                        Ross Allister / Chris Burrows        
                                                                               
    One Capital                           Peel Hunt LLP                        
                                                                               
    JSE Sponsor                           Joint Broker                         
                                                                               
    Office: + 27 (0) 11 550 5009          Office: +44 (0) 20 7418 8900         
                                                                               
    Julian Gwillim                        Jeffrey Couch / Neil Haycock / Thomas
                                          Rider                                
                                                                               
    Aprio Strategic Communications        BMO Capital Markets Limited          
                                                                               
    Public & Investor Relations SA        Joint Broker                         
                                                                               
    Office: +27 (0)11 880 0037            Office: +44 (0) 20 7236 1010         
                                                                               
    Bobby Morse / Chris Judd                                                   
                                                                               
    Buchanan Communications                                                    
                                                                               
    Public & Investor Relations UK                                             
                                                                               
    Office: +44 (0) 207 466 5000