PAN AFRICAN RESOURCES PLC - Directors dealings in securities

Director’s dealings in securities

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
ADR ticker code: PAFRY
(Pan African Resources or the Company)

DIRECTOR’S DEALINGS IN SECURITIES


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

The Company announces it has received notification that on 12 November 2020, LTS
Ventures (Pty) Ltd, an entity associated with Chief Executive Officer Cobus Loots, bought
387,200 ordinary shares of 1p each in Pan African Resources.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below,
Mr Loots has an indirect beneficial interest of 3,438,135 ordinary shares, representing
0.1539% of the Company's issued share capital and a direct beneficial interest of 1,571,747
ordinary shares, representing 0.0703% of the Company's issued share capital and 114,280
open CFDs.

The below information and notification is made in accordance with the EU Market Abuse
Regulation.



 1.                       Details of the person
                          discharging managerial
                          responsibilities/person closely
                          associated

 a)                       Name:                              Cobus Loots



 2.                       Reason for the notification

 a)                       Position/status:                   Chief Executive Officer

 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         Ordinary shares of 1p each
                            instrument, type of instrument:

                                                                 Identification code:
                                                                 GB0004300496

 b)                         Nature of the transaction:           Acquisition of ordinary shares
                                                                 by an associate of Cobus
                                                                 Loots, namely LTS Ventures
                                                                 (Pty) Ltd, of which he is the
                                                                 sole director

 c)                         Price(s) and volume(s):              387,200 ordinary shares
                                                                 VWAP ZA 423.57 cents per
                                                                 share
                                                                 Low ZA 412.00 cents per share
                                                                 High ZA 436.00 cents per share

 d)                         Aggregated information:              ZAR 1,640,063.04



 e)                         Date of the transaction:             12 November 2020

 f)                         Place of the transaction:            Johannesburg Stock Exchange



Additional information disclosed in accordance with the JSE Listings Requirements:

 a)     Nature of interest of executive:                      Indirect beneficial

 b)     On-market or off-market:                              On-market

 c)     Clearance given in terms of paragraph 3.66 of the     Yes
        JSE Listings Requirements:

 d)     Holding following transactions:                       Indirect beneficial 3,438,135
                                                              ordinary shares
                                                              Direct beneficial 1,571,747
                                                              ordinary shares
                                                              114,280 open CFDs



Johannesburg

16 November 2020
Sponsor: Questco Corporate Advisory Proprietary Limited

Date: 16-11-2020 02:01:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.