REG-Pan African Resources PLC: Result of AGM <Origin Href="QuoteRef">PAFR.L</Origin> <Origin Href="QuoteRef">PANJ.J</Origin>

Pan African ResourcesAnnouncement

24/11/2014 15:14

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" or the "Company")                        

                       RESULTS OF ANNUAL GENERAL MEETING                       

Pan African shareholders are advised that at the annual general meeting ("AGM")
of shareholders held on Friday, 21 November 2014, all the ordinary and special
resolutions, as set out in the notice of AGM dated 29 October 2014, were
approved by the requisite majority of shareholders present or represented by
proxy.

The total number of Pan African shares eligible to vote at the AGM is
1,829,994,763. The number of shares voted in person or by proxy was
1,623,706,516 representing 88.73% of the total issued share capital of the same
class of Pan African.

All resolutions proposed at the AGM, together with the percentage of shares
abstained, as well as the percentage of votes carried for and against each
resolution, are as follows:

Resolution number 1 (Ordinary resolution): To receive the Accounts and the
reports of the directors and auditors thereon

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       6,155               100%                0%                 
                                                                               
(75.17%)            (0.00%)                                                    

Resolution number 2 (Ordinary resolution): To approve the payment of a final
dividend for the year ended 30 June 2014

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       5,524               100%                0%                 
                                                                               
(75.17%)            (0.00%)                                                    

Resolution number 3 (Ordinary resolution): To re-elect Mrs H H Hickey as a
member of the Audit Committee

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       27,483              98.73%              1.27%              
                                                                               
(75.17%)            (0.00%)                                                    

Resolution number 4 (Ordinary resolution): To re-elect Mr K C Spencer as a
member of the Audit Committee

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       27,483              73.49%              26.51%             
                                                                               
(75.17%)            (0.00%)                                                    

Resolution number 5 (Ordinary resolution): To re-elect Mr T Mosololi as a
member of the Audit Committee

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       27,483              98.73%              1.27%              
                                                                               
(75.17%)            (0.00%)                                                    

Resolution number 6 (Ordinary resolution): To endorse the Company's
Remuneration Policy

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       248,031,498         83.53%              16.47%             
                                                                               
(75.17%)            (13.55%)                                                   

Resolution number 7 (Ordinary resolution): To re-elect Mr J A J Loots as a
Director of the Company

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       27,483              87.06%              12.94%             
                                                                               
(75.17%)            (0.00%)                                                    

Resolution number 8 (Ordinary resolution): To re-elect Mrs H H Hickey as a
Director of the Company

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       27,483              98.73%              1.27%              
                                                                               
(75.17%)            (0.00%)                                                    

Resolution number 9 (Ordinary resolution): To re-elect Mr T Mosololi as a
Director of the Company

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       27,483              98.73%              1.27%              
                                                                               
(75.17%)            (0.00%)                                                    

Resolution number 10 (Ordinary resolution): To re-elect Mr R M Smith as a
Director of the Company

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       27,483              98.73%              1.27%              
                                                                               
(75.17%)            (0.00%)                                                    

Resolution number 11 (Ordinary resolution): To re-appoint Deloitte LLP as
auditors of the Company and to authorise the Directors to determine their
remuneration

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       38,147              97.47%              2.53%              
                                                                               
(75.17%)            (0.00%)                                                    

Resolution number 12 (Ordinary resolution): To authorise the Directors to allot
equity securities

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       30,483              91.36%              8.64%              
                                                                               
(75.17%)            (0.00%)                                                    

Resolution number 13 (Special resolution): To approve market purchases of
Ordinary Shares

Shares Voted        Abstained           For                 Against            
                                                                               
1,375,675,018       5,524               90.12%              9.88%              
                                                                               
(75.17%)            (0.00%)                                                    

Notes

  * Percentages of shares voted are calculated in relation to the total issued
    share capital of Pan African eligible to vote
   
  * Percentage of shares for and against are calculated in relation to the
    total number of shares voted at the AGM
   
  * Abstentions are calculated as a percentage in relation to the total issued
    share capital of Pan African eligible to vote
   
21 November 2014

Pan African Resources Enquiries

Ron Holding                             Cobus Loots                            
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                             Neil Elliot / Peter Stewart            
St James's Corporate Services Limited   Canaccord Genuity Limited              
Company Secretary                       Nominated Adviser and Joint Broker     
Office: + 44 (0)20 7796 8647            Office: +44 (0)207 523 8350            
                                                                               
Matthew Armitt / Ross Allister          Sholto Simpson                         
Peel Hunt LLP                           One Capital                            
Joint Broker                            JSE Sponsor                            
Office: +44 (0)020 741 8900             Office: + 27 (0)11 550 5009            
                                                                               
Julian Gwillim                          Daniel Thöle                           
Aprio Strategic Communications          Bell Pottinger PR                      
Public & Investor Relations SA          Public & Investor Relations UK         
Office: +27 (0)11 880 0037              Office: + 44(0) 203 772 2500           
www.panafricanresources.com



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