TR-1: Standard form for notification of major holdings Pan African Resources PLC Pan African Resources Funding (Incorporated and registered in England Company Limited and Wales under the Companies Act 1985 Incorporated in the Republic of with registered number 3937466 on 25 South Africa with limited liability February 2000) Registration number: Share code on AIM: PAF 2012/021237/06 Share code on JSE: PAN Alpha code: PARI ISIN: GB0004300496 ADR ticker code: PAFRY ("Pan African" or the "Company" or the "Group") 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 Ninety One SA (Pty) Ltd City of registered office (if applicable) Country of registered office (if applicable) ZA 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 18-Jun-2024 6. Date on which Issuer notified 19-Jun-2024 7. Total positions of person(s) subject to the notification obligation % of voting % of voting rights through Total of both Total number of rights attached financial in % (8.A + voting rights to shares (total instruments 8.B) held in issuer of 8.A) (total of 8.B 1 + 8.B 2) Resulting situation on the date on which 4.992200 0.000000 4.992200 95675796 threshold was crossed or reached Position of previous 5.000000 0.000000 5.000000 notification (if 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 Number of indirect % of direct % of indirect voting shares ISIN direct voting voting rights voting rights rights (DTR5.2.1) code(if possible) rights (DTR5.1) (DTR5.2.1) (DTR5.1) GB0004300496 95675796 4.992200 Sub Total 8.A 95675796 4.992200% 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 2. 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 entities (please add additional rows as necessary) % of voting rights % of voting rights Name of if it equals or is through financial Total of both if it Ultimate controlled higher than the instruments if it equals or is higher controlling person undertaking notifiable equals or is higher than the notifiable threshold than the notifiable threshold threshold Ninety Ninety One One SA Africa (Pty) (Pty) 4.992200 0.000000 4.992200% Limited Limited Ninety One Ninety One Africa 0.000000 0.000000 0.00000 Limited (Pty) Limited 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 11. Additional Information 12. Date of Completion 19-Jun-2024 13. Place Of Completion London Rosebank 19 June 2024 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 2nd Floor 2nd Floor, Office 204 107 Cheapside Cnr. Cradock and Biermann Avenues London Rosebank, Johannesburg EC2V 6DN South Africa United Kingdom Office: + 27 (0)11 243 2900 Office: + 44 (0)20 7796 8644 info@paf.co.za info@paf.co.za Chief executive officer Financial director and debt officer Cobus Loots Deon Louw 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 Nominated adviser and joint broker Jane Kirton Ross Allister/Georgia Langoulant St James's Corporate Services Limited Peel Hunt LLP Office: + 44 (0)20 7796 8644 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)11 011 9200 Joint broker Matthew Armitt/Jennifer Lee Joh. Berenberg, Gossler & Co KG Office: +44 (0)20 3207 7800 Date: 19-06-2024 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.