REG-Pan African Resources Plc: Retraction of TR-1 Form

Pan African ResourcesAnnouncement

11/12/2021 19:15

Pan African Resources PLC

(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 code: PAFRY

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

CANCELLATION ANNOUNCEMENTS: RETRACTION OF STANDARD TR-1 FORM

Shareholders are referred to the announcement released by the Company on 1
December2021 (“Announcement”), in response to a ‘TR-1: Standard form for
notification of major holding’ (the “Notification”) received by the
Company. The Notification and Announcement informed Pan African’s
shareholders of the decrease in Ruffer LLP’s (“Ruffer”) shareholding in
the Company from 5.22% to 4.49%.

Ruffer has subsequently informed the Company of an error in the Notification
and shareholders are advised that Ruffer’s shareholding remains at 5.22% of
the Group’s total issued shares.

Accordingly, the Notification and Announcement released on 1 December 2021 in
relation thereto is retracted.

Rosebank

3 December 2021

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/Alexander Allen Peel Hunt LLP 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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