Resignation of Non-Executive Director Pan African Resources PLC ("Pan African" or “the company" or “the group”) (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 RESIGNATION OF NON-EXECUTIVE DIRECTOR In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are informed of the resignation of Mr Rowan Smith as an independent non-executive director with effect from 3 April 2019. Mr Smith has been an independent non-executive director for more than four years, and is resigning to pursue other interests. The board of directors, which now consists of three independent non- executive and two executive directors, has commenced a process to appoint a suitable replacement non- executive director. Pan African Chairman Keith Spencer commented: “The board of directors would like to thank Rowan for his invaluable contribution to Pan African over the past years, and we wish him well in his future endeavours." Rosebank 3 April 2019 Contact information Corporate Office Registered Office The Firs Office Building Suite 31 2nd Floor, Office 204 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 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 Marian Gaylard Ross Allister/David McKeown Questco Corporate Advisory Proprietary Limited Peel Hunt LLP JSE Sponsor Joint Broker Office: + 27 (0)11 011 9200 Office: +44 (0)20 7418 8900 Julian Gwillim Jeffrey Couch/Thomas Rider/Neil Elliot 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 Website: www.panafricanresources.com Buchanan Public & Investor Relations UK Office: +44 (0)20 7466 5000 paf@buchanan.uk.com Date: 03/04/2019 01:00:00 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.