REG-Pan African Resources Plc: Directorate Change

Pan African ResourcesAnnouncement

14/09/2021 13:05

Pan African Resources PLC

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

(Incorporated and registered in England and Wales under the UK Companies Act
2006 with registration number 3937466 on 25 February 2000)

Share code on AIM: PAF

Share code on JSE: PAN

ISIN: GB0004300496

ADR ticker code: PAFRY

RESIGNATION AND PROPOSED APPOINTMENT OF NON-EXECUTIVE DIRECTORS

In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited and Rule 17 of the AIM Rules for Companies, shareholders are advised
of the resignation of Hester Hickey as a director of the Company with effect
from 16 September 2021. Hester is currently an independent non-executive
director and the chairperson of the Company’s audit and risk committee,
since her appointment in April 2012. She was also appointed as the Group’s
lead independent director in April 2019. Hester has resigned after serving 9
years on the board, and has accepted another non-executive directorship
position.

Shareholders are further advised that the board of directors (the Board) has
approved the appointment of Dawn Earp (aged 59) to the Board as the lead
independent non-executive director and as the chairperson of the audit and
risk committee, subject to the satisfactory completion of certain regulatory
due diligence.

Ms Earp is a Chartered Accountant with extensive experience in the gold mining
industry, having served as Chief Financial Officer of Rand Refinery Limited
and as an executive officer of finance at AngloGold Ashanti Limited. Ms Earp
also currently serves as a non-executive director on the boards of Truworths
International Limited, Impala Platinum Holdings Limited and ArcelorMittal
South Africa Limited.

A further announcement will be made once the effective date of Ms Earp’s
appointment has been finalised.

Pan African Chairman Keith Spencer commented:

“Hester has made an invaluable contribution to the Pan African board, and we
wish her well in her future endeavours. We also look forward to welcoming
Dawn to the board in the near term.”

Rosebank                                                                             

14 September 2021

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

www.panafricanresources.com

 Contact information                                                                                                                                                                                                                                                                                  
 Corporate Office The Firs Office Building 2nd Floor, Office 204 Cnr. Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office: + 27 (0)11 243 2900 info@paf.co.za  Registered Office Suite 31 Second Floor 107 Cheapside London EC2V 6DN United Kingdom Office: + 44 (0)20 7796 8644  
 Cobus Loots Pan African Resources PLC Chief Executive Officer Office: + 27 (0)11 243 2900                                                                                         Deon Louw Pan African Resources PLC Financial Director Office: + 27 (0)11 243 2900                                 
 Phil Dexter/Jane Kirton St James's Corporate Services Limited Company Secretary Office: + 44 (0)20 7796 8644                                                                      Ross Allister/David McKeown Peel Hunt LLP Nominated Adviser and Joint Broker Office: +44 (0)20 7418 8900           
 Ciska Kloppers Questco Corporate Advisory Proprietary Limited JSE Sponsor Office: + 27 (0)11 011 9200                                                                             Thomas Rider/Nick Macann BMO Capital Markets Limited Joint Broker Office: +44 (0)20 7236 1010                      
 Hethen Hira Pan African Resources PLC Head: Investor Relations Tel: + 27 (0)11 243 2900 E-mail: hhira@paf.co.za                                                                   Website: www.panafricanresources.com                                                                               



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