Publication of Integrated Annual Report for the year ended 30 June 2019 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 (“the Company”) Publication of Integrated Annual Report for the year ended 30 June 2019 Shareholders are advised that the Company’s Integrated Annual Report, including the consolidated audited annual financial statements, for the year ended 30 June 2019 has been published and is available at http://www.panafricanresources.com/investors/financial-reports/ The Group’s external auditor, PricewaterhouseCoopers LLP (“PwC”) has expressed an unmodified opinion on the consolidated audited annual financial statements for the year ended 30 June 2019. A copy of the audited annual financial statements for the year ended 30 June 2019 and PwC’s audit report is available for inspection at the Company’s registered office. The Company’s Abridged Audited Results and the Notice of Annual General Meeting will be distributed to shareholders on or about 28 October 2019. Notice of the Annual General Meeting and the applicable record dates regarding the Annual General Meeting will be released on SENS and RNS on the distribution date. Johannesburg 18 September 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 info@paf.co.za 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/Jane Kirton John Prior 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 Ciska Kloppers 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 and Investor Relations UK Office: +44 (0) 20 7466 5000 paf@buchanan.uk.com Date: 18/09/2019 10:30:00 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.