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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 lim-
under the Companies Act 1985 with registered ited liability
number 3937466 on 25 February 2000) Registration number: 2012/021237/06
Share code on AIM: PAF Alpha code: PARI
Share code on JSE: PAN
ISIN: GB0004300496
ADR ticker code: PAFRY
("Pan African" or the "Company" or the "Group")
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible) (i)
1a. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are attached (ii): PAN AFRICAN RESOURCE PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
UK
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name PUBLIC INVESTMENT CORPORATION SOC
LIMITED
City and country of registered office (if applicable) PRETORIA, SOUTH AFRICA
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or
reached vi: 03/03/2025
6. Date on which issuer notified (DD/MM/YYYY): 04/03/2025
7. Total positions of person(s) subject to the notification obligation
% of voting rights
% of voting rights through financial in- Total number of
struments Total of both in % voting rights held
attached to shares (total of 8.B 1 + 8.B (8.A + 8.B) in issuer (8.A +
(total of 8. A) 2) 8.B) vii
Resulting situation
on the date on
which threshold 12.393% 12.393% 251 493 551
was crossed or
reached
Position of previ-
ous notification (if 9.980% 9.980%
applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or
reached viii
A: Voting rights attached to shares
Class/type of Number of voting rights ix % of voting rights
shares
ISIN code (if possi- Direct Indirect Direct Indirect
ble) (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
251 493 551 12.393%
SUBTOTAL 8. A 251 493 551 12.393%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Number of voting
Expira- rights that may be ac-
Type of financial tion Exercise/ quired if the instru- % of voting
instrument date x Conversion Period xi ment is rights
exercised/converted.
SUBTOTAL 8. B 1 NIL NIL
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of finan- Expiration Exercise/ Physical or Number of % of voting
cial instrument date x Conversion cash voting rights rights
Period xi Settlement xii
SUBTOTAL
NIL NIL
8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")
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 (under-
lying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal X
entity (please add additional rows as necessary) xiv
% of voting rights if it % of voting rights Total of both if it
equals or is higher through financial in- equals or is higher
Name xv than the notifiable struments if it equals than the notifiable
threshold or is higher than the threshold
notifiable threshold
PUBLIC INVESTMENT
CORPORATION SOC 12.393% 12.393%
LIMITED
10. In case of proxy voting, please identify:
Name of the proxy holder N/A
The number and % of voting rights held N/A
The date until which the voting rights will be held N/A
11. Additional information xvi
Place of completion PRETORIA, SOUTH AFRICA
Date of completion 04 March 2025
Rosebank
5 March 2025
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, Office 204 2nd Floor
Cnr Cradock and Biermann Avenues London
Rosebank, Johannesburg EC2V 6DN
South Africa United Kingdom
Office: + 27 (0) 11 243 2900 Office: + 44 (0) 20 3869 0706
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
Email: hhira@paf.co.za
Company secretary Nominated adviser and 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 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: 05-03-2025 10:10:00
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