Pan African Resources PLC
(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
(“Pan African” or the “Company”)

NOTICE OF ANNUAL GENERAL MEETING AND NO CHANGE STATEMENT

Notice is hereby given that Pan African’s Annual General Meeting (“AGM”) of shareholders will be held at the office of CanaccordGenuity Limited at Eighth Floor, 88 Wood Street, London, EC2V 7QR on Friday, 21 November 2014 at 10:00 a.m. (all times stated are United Kingdom times unless otherwise stated).

The notice of AGM andintegrated annual report are being distributed to shareholders today, 29 October 2014.

South African shareholders are advised that the physical mailing process forthe notice of AGM and integrated annual reportislikely to be delayed due to ongoing industrial action by employees of the South African Post Office.

Shareholders are advised that the notice of AGM and the full integrated annual report, including the annual financial statements for the year ended 30 June 2014, will be available on the Company’s website at today and that the salient dividend dates will be notified to shareholders on the same day as the AGM.

The annual financial statements for the year ended 30 June 2014 contain no modifications to the audited results as released on SENS on 16 September 2014.

Salient dates

2014
Record date to determine which shareholders are entitled to receive the notice of annual general meeting / Friday, 24 October
Last day to trade in order to be eligible to attend and vote at the annual general meeting / Wednesday,12 November
Record date to determine which shareholders are entitled to attend and vote at the annual general meeting / Wednesday, 19 November
Forms of proxy for the annual general meeting to be lodged by 10:00a.m. on / Wednesday, 19 November

29 October 2014

Pan African Resources Enquiries

Ron Holding / Cobus Loots
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 / Neil Elliot / Peter Stewart
St James's Corporate Services Limited / CanaccordGenuity Limited
Company Secretary / Nominated Adviser and Joint Broker
Office: + 44 (0)20 7796 8647 / Office: +44 (0)207 523 0000
Matthew Armitt / Ross Allister / Sholto Simpson
Peel Hunt LLP / One Capital
Joint Broker / JSE Sponsor
Office: +44 (0)020 7418 8900 / Office: + 27 (0) 11 550 5009
Julian Gwillim / Daniel Thöle
Aprio Strategic Communications / Bell Pottinger PR
Public & Investor Relations SA / Public & Investor Relations UK
Office: +27 (0)11 880 0037 / Office: + 44 (0) 203 772 2500