REG-Pan African Resources Plc: Barberton Mines Wage Negotiations Update

Pan African ResourcesAnnouncement

07/09/2018 07:05

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 Resources” or the “Company” or the “Group”)

PAN AFRICAN RESOURCES SUCCESSFULLY CONCLUDES BARBERTON MINES

WAGE NEGOTIATIONS

Pan African Resources is pleased to announce that Barberton Mines Proprietary
Limited (“Barberton Mines”) has successfully concluded a three-year wage
agreement with the National Union of Mineworkers (“NUM”) and the United
Association of South Africa (“UASA”) (“the Agreement”). NUM and UASA
represent the majority of employees at Barberton Mines. The Agreement provides
for an average annual wage increase of approximately 6.5% and 5.5% for NUM and
UASA members, respectively, over the three years.  The negotiations were
successfully concluded with no industrial action or work stoppages.

For further information on Pan African Resources, please visit the Company’s
website at http://www.panafricanresources.com/

7 September 2018

 Contact information                                                                                                                                                                                                                                                                                                                                      
 Corporate Office The Firs Office Building 2nd Floor, Office 204 Cnr. Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office: + 27 (0) 11 243 2900 Facsimile: + 27 (0) 11 880 1240  Registered Office Suite 31 Second Floor 107 Cheapside London EC2V 6DN United Kingdom Office: + 44 (0) 207 796 8644 Facsimile: + 44 (0) 207 796 8645  
 Cobus Loots Pan African Resources PLC Chief Executive Officer Office: + 27 (0) 11 243 2900                                                                                                          Deon Louw Pan African Resources PLC Financial Director Office: + 27 (0) 11 243 2900                                                                  
 Phil Dexter St James's Corporate Services Limited Company Secretary Office: + 44 (0) 207 796 8644                                                                                                   John Prior / Paul Gillam Numis Securities Limited Nominated Adviser and Joint Broker Office: +44 (0) 20 7260 1000                                    
 Sholto Simpson One Capital JSE Sponsor Office: + 27 (0) 11 550 5009                                                                                                                                 Ross Allister/James Bavister/David McKeown Peel Hunt LLP Joint Broker Office: +44 (0) 207 418 8900                                                   
 Julian Gwillim Aprio Strategic Communications Public & Investor Relations SA Office: +27 (0)11 880 0037                                                                                             Jeffrey Couch/Neil Haycock/Thomas Rider BMO Capital Markets Limited Joint Broker Office: +44 (0) 207 236 1010                                        
 Bobby Morse Buchanan Public & Investor Relations UK Office: +44 (0)20 7466 5000 Email: PAF@buchanan.uk.com                                                                                                                                                                                                                                               
 Website: www.panafricanresources.com                                                                                                                                                                                                                                                                                                                     



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