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Capital Reduction Court Approval
Pan African Resources PLC Pan African Resources Funding Company
(Incorporated and registered in England and Wales Limited
under Companies Act 1985 with registered Incorporated in the Republic of South Africa
number 3937466 on 25 February 2000) with limited liability
Share code on LSE: PAF Registration number: 2012/021237/06
Share code on JSE: PAN Alpha code: PARI
ISIN: GB0004300496
ADR code: PAFRY
("Pan African" or "the Company" or "the Group")
CAPITAL REDUCTION COURT APPROVAL
Pan African shareholders (Shareholders) are referred to the announcements published on
17 February 2026 and 26 March 2026 and the notice of general meeting and circular to Shareholders,
dated 17 February 2026, relating to, inter alia, the proposed share capital reduction involving the
cancellation of the Company's share premium account and the cancellation and extinguishment of
certain shares in the Company's capital (Capital Reduction).
Pan African is pleased to advise that, at the hearing of the High Court of Justice in England and Wales
(Court) held today, 28 April 2026, the Court approved the Capital Reduction. The Capital Reduction will
become effective on the date on which the order of the Court confirming the Capital Reduction is
registered at Companies House in the UK, which is expected to occur in the coming weeks. A further
announcement will be published once the Capital Reduction becomes effective.
For further information on Pan African, please visit the Company's website at
www.panafricanresources.com
Rosebank
28 April 2026
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 & 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) 63 482 3802
Joint Broker
Matthew Armitt/Jennifer Lee
Joh. Berenberg, Gossler & Co KG
(Berenberg)
Office: +44 (0)20 3207 7800
Date: 28-04-2026 04:30:00
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