REG-Pan African Resources PLC: Successful conclusion of 2015 wage negotiations <Origin Href="QuoteRef">PAFR.L</Origin> <Origin Href="QuoteRef">PANJ.J</Origin>

Pan African ResourcesAnnouncement

13/10/2015 10:10

Pan African Resources PLC                           
                    "Pan African Resources" 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                               

PAN AFRICAN RESOURCES SUCCESSFULLY CONCLUDES 2015 WAGE NEGOTIATIONS

Pan African Resources shareholders are hereby informed that the Group has
successfully concluded wage negotiations at its gold mining operations and
entered into multi-year agreements with the unions representing its employees. 
Details of these agreements are as follows:
 

Barberton Mines (Proprietary) Limited ("Barberton Mines")

Barberton Mines has concluded a two-year agreement with the National Union of
Mineworkers ("NUM") and the United Association of South Africa ("UASA") on
wages and other conditions of employment for employees at the operation.

The average Barberton Mines salary and wage bill increase for the two financial
years ending 30 June 2016 and 2017 will amount to approximately 9% per annum,
effective from 1 July 2015.

Evander Gold Mining (Proprietary) Limited ("Evander Mines")

Evander Mines, under the auspices of the Chamber of Mines, has concluded a
three-year agreement with the NUM and the UASA on wages and other conditions of
employment for employees at the operation.

The average Evander Mines salary and wage bill increase for the three financial
years ending 30 June 2016, 2017 and 2018 will amount to approximately 7.8% per
annum, effective from               1 July 2015.

CEO of Pan African Resources, Cobus Loots commented: "We are pleased that
multi-year wage agreements are now in place at our gold mining operations.
These agreements provide certainty to all Pan African Resources stakeholders
and enable our employees to focus on delivering on our production targets."

13 October 2015
Johannesburg

CONTACT INFORMATION

Corporate Office
The Firs Office Building
1st Floor, Office 101
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                            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 / James Black
                                                                             
St James's Corporate Services Limited  Numis Securities Limited              
                                                                             
Company Secretary                      Nominated Adviser & Joint Broker      
                                                                             
Office: + 44 (0)207 796 8644           Office: +44 (0)207 260 1000           
                                                                             
Sholto Simpson                         Matthew Armitt / Ross Allister        
                                                                             
One Capital                            Peel Hunt LLP                         
                                                                             
JSE Sponsor                            Joint Broker                          
                                                                             
Office: + 27 (0)11 550 5009            Office: +44 (0)020 7418 8900          
                                                                             
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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