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TR-1: Standard form for notification of major holdings
Pan African Resources PLC Pan African Resources Funding Company Limited
(Incorporated and registered in England and Wales Incorporated in the Republic of South Africa with
under the Companies Act 1985 with registered number limited liability
3937466 on 25 February 2000) Registration number: 2012/021237/06
Share code on LSE: PAF Alpha code: PARI
Share code on JSE: PAN
Share code on ASX: PAF
ISIN: GB0004300496
ADR ticker code: PAFRY
(‘Pan African’ or ‘PAF’ or the ‘Company’)
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB0004300496
Issuer Name
PAN AFRICAN RESOURCES PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Allan Gray Proprietary Limited
City of registered office (if applicable)
Cape Town
Country of registered office (if applicable)
South Africa
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s)
subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
30-Sep-2026
6. Date on which Issuer notified
02-Oct-2026
7. Total positions of person(s) subject to the notification
obligation
% of voting
% of voting rights through
rights attached financial
to shares (total instruments Total of both Total number of
of 8.A) (total of 8.B 1 + in % (8.A + voting rights held
8.B 2) 8.B) in issuer
Resulting
situation on
the date on
which 6.040900 0.000000 6.040900 147174375
threshold was
crossed or
reached
Position of
previous
notification (if 5.061600 0.000000 5.061600
applicable)
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of Number of direct Number of % of direct voting % of indirect
shares ISIN voting rights indirect voting rights (DTR5.1) voting rights
code(if possible) (DTR5.1) rights (DTR5.2.1) (DTR5.2.1)
GB0004300496 147174375 6.040900
Sub Total 8.A 147174375 6.040900%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Number of voting rights that % of
Type of financial Expiration Exercise/conversion may be acquired if the voting
instrument date period instrument is rights
exercised/converted
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
Type of Expiration Exercise/conversion Physical or cash Number of % of
financial date period settlement voting rights voting
instrument rights
Sub Total 8.B2
9. Information in relation to the person subject to the
notification obligation
1. Person subject to the notification obligation is not controlled by any
natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer.
% of voting % of voting rights Total of both if it
Name of rights if it equals through financial equals or is
Ultimate controlled or is higher than instruments if it equals higher than the
controlling person undertaking the notifiable or is higher than the notifiable
threshold notifiable threshold threshold
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
If date does not apply, explain below
11. Additional Information
12. Date of Completion
02-Oct-2026
13. Place Of Completion
Cape Town
Johannesburg
2 October 2026
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Corporate information
Corporate office Registered office
The Firs Building 107 Cheapside, 2nd Floor
2nd Floor, Office 204 London, EC2V 6DN
Corner Cradock and Biermann Avenues United Kingdom
Rosebank, Johannesburg Office: + 44 (0)20 3869 0706
South Africa jane.kirton@corpserv.co.uk
Office: + 27 (0)11 243 2900
info@paf.co.za
Chief executive Officer Financial director and debt officer
Cobus Loots Marileen Kok
Office: + 27 (0)11 243 2900 Office: + 27 (0)11 243 2900
Head: Investor relations Website: www.panafricanresources.com
Hethen Hira
Tel: + 27 (0)11 243 2900
E-mail: hhira@paf.co.za
Company secretary Joint broker
Jane Kirton Ross Allister/Georgia Langoulant
St James's Corporate Services Limited Peel Hunt LLP
Office: + 44 (0)20 3869 0706 Office: +44 (0)20 7418 8900
JSE sponsor and JSE debt sponsor Joint broker
Ciska Kloppers Thomas Rider/Nick Macann
Questco Corporate Advisory Proprietary BMO Capital Markets Limited
Limited Office: +44 (0)20 7236 1010
Office: + 27 (0) 78 286 9556
Joint broker
Matthew Armitt/Jennifer Lee
Joh. Berenberg, Gossler & Co KG
(Berenberg)
Office: +44 (0)20 3207 7800
Date: 02/10/2026 02:30:00
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