REG-Pan African Resources Plc: Holding(s) in Company

Pan African ResourcesAnnouncement

09/11/2022 15:15

Pan African Resources PLC

(Incorporated and registered in England and Wales under the Companies Act 1985

with registered number 3937466 on 25 February 2000)

Share code on AIM: PAF

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

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

08-Nov-2022

6. Date on which Issuer notified

09-Nov-2022

7. Total positions of person(s) subject to the notification obligation

                                     .                                      % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer  
 Resulting situation on the date on which threshold was crossed or reached  4.913200                                              0.000000                                                                   4.913200                        94162485                                      
 Position of previous notification (if applicable)                          5.218600                                              0.000000                                                                   5.218600                                                                      

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 shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)  
 GB0004300496                                 0                                        94162485                                     0.000000                            4.913200                                
 Sub Total 8.A                                94162485                                                                              4.913200%                                                                   

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is exercised/converted  % of voting rights  
                                                                                                                                                                                       
 Sub Total 8.B1                                                                                                                                                                        

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting 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)

 Ultimate controlling person      Name of controlled undertaking   % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher than the notifiable threshold  Total of both if it equals or is higher than the notifiable threshold  
 Ninety One Limited               Ninety One Africa (Pty) Limited  0.000000                                                                    0.000000                                                                                                  0.000000%                                                              
 Ninety One Africa (Pty) Limited  Ninety One SA (Pty) Limited      4.913200                                                                    0.000000                                                                                                  4.913200%                                                              

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

09-Nov-2022

13. Place Of Completion

London

Rosebank

9 November  2022

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

www.panafricanresources.com

 Corporate 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 2nd Floor 107 Cheapside London EC2V 6DN United Kingdom Office: + 44 (0)20 7796 8644               
 Chief Executive Officer  Cobus Loots Office: + 27 (0)11 243 2900                                                                                                                  Financial Director Deon Louw Office: + 27 (0)11 243 2900                                                            
 Head: Investor Relations Hethen Hira Tel: + 27 (0)11 243 2900 E-mail: hhira@paf.co.za                                                                                             Website: www.panafricanresources.com                                                                                
 Company Secretary Phil Dexter/Jane Kirton  St James's Corporate Services Limited Office: + 44 (0)20 7796 8644                                                                     Nominated Adviser and Joint Broker Ross Allister/David McKeown  Peel Hunt LLP Office: +44 (0)20 7418 8900           
 JSE Sponsor Ciska Kloppers  Questco Corporate Advisory Proprietary Limited Office: + 27 (0)11 011 9200                                                                            Joint Broker Thomas Rider/Nick Macann  BMO Capital Markets Limited Office: +44 (0)20 7236 1010                      
                                                                                                                                                                                   Joint Broker Matthew Armitt/Jennifer Lee  Joh. Berenberg, Gossler & Co KG (Berenberg)  Office: +44 (0)20 3207 7800  



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