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Pan African Resources PLC

Pan African Resources Plc - Director/PDMR Shareholding

Pan African Resources PLC

(Incorporated and registered in and under Companies Act 1985 with registered number 3937466 on )EnglandWales25 February 2000

AIM Code: PAF

JSE Code: PAN

ISIN: GB0004300496

ADR ticker code: PAFRY

( or the )Pan African ResourcesCompany

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 , LTS Ventures (Pty) Ltd, an entity associated with Chief Executive Officer , bought 387,200 ordinary shares of 1p each in Pan African Resources.12 November 2020Cobus Loots

Following this transaction, which is detailed in the PDMR Notification Dealing Form below, 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.Mr Loots

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

Additional information disclosed in accordance with the JSE Listings Requirements:

Johannesburg

16 November 2020

Sponsor: Questco Corporate Advisory Proprietary Limited

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

a)  Name:                                 

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 , namely LTS
                                          Ventures (Pty) Ltd, of which he is the
                                          sole director

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

d)  Aggregated information:               

e)  Date of the transaction:              

f)  Place of the transaction:             Johannesburg Stock Exchange for
                                          ordinary sharesCobus LootsCobus Loots423.57 cents412.00 cents436.00 centsZAR 1,640,063.0412 November 2020
a) Nature of interest of executive:       Indirect beneficial

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

c) Clearance given in terms of paragraph  Yes
   3.66 of the 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
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