Pan African Resources PLC
        

(Incorporated and registered in England
and Wales under the Companies Act 1985
with registered number 3937466 on 25      Pan African Resources Funding CompanyFebruary 2000)                            Limited

Share code on LSE: PAF                    Incorporated in the Republic of South
                                          Africa with limited liability
Share code on JSE: PAN
                                          Registration number: 2012/021237/06
ISIN: GB0004300496
                                          Alpha code: PARI
ADR ticker code: PAFRY

(“Pan African Resources” or the “Company”
or the “Group”)

TOTAL VOTING RIGHTS AND ISSUED SHARE CAPITAL

 

For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, Pan African Resources PLC notifies the market that as at 1 December 2025:

  1. Pan African Resources PLC's issued share capital comprised 2,333,671,529*
     ordinary shares of 1p each.

* The Company does have voting and economic rights in respect of 306,358,058 Ordinary Shares held by PAR Gold. These shares are treated as treasury shares for accounting purposes.

Accordingly, the total number of voting rights in Pan African Resources plc is 2,333,671,529.   This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Pan African Resources plc under the Disclosure Guidance and Transparency Rules.

 

Johannesburg

 

1 December 2025

 

For further information on Pan African, please visit the Company's website at

www.panafricanresources.com

 

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|Corporate information                                                      |
|___________________________________________________________________________|
|Corporate Office                      |                                    |
|                                      |                                    |
|The Firs Building                     |Registered Office                   |
|                                      |                                    |
|2nd Floor, Office 204                 |107 Cheapside, 2nd Floor            |
|                                      |                                    |
|Corner Cradock and Biermann Avenues   |London, EC2V 6DN                    |
|                                      |                                    |
|Rosebank, Johannesburg                |United Kingdom                      |
|                                      |                                    |
|South Africa                          |Office: + 44 (0)20 3869 0706        |
|                                      |                                    |
|Office: + 27 (0)11 243 2900           |jane.kirton@corpserv.co.uk          |
|                                      |                                    |
|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              |                                    |
|                                      |                                    |
|Hethen Hira                           |Website: www.panafricanresources.com|
|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 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         |
|______________________________________|____________________________________|