REG-Pan African Resources Plc: Secondary Listing on A2X Markets

Pan African ResourcesAnnouncement

06/12/2021 09:05

Pan African Resources PLC

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

(Incorporated and registered in England and Wales under Companies Act 1985
with registered number 3937466 on 25 February 2000)

Share code on AIM: PAF

Share code on JSE: PAN

ADR ticker code: PAFRY

ISIN: GB0004300496

SECONDARY LISTING ON A2X MARKETS (“A2X”)

Pan African is pleased to advise shareholders that its ordinary shares will be
traded on the A2X exchange with effect from Monday, 13 December 2021 (the
“A2X Listing Date”).

Pan African will retain its primary listings on the Alternative Investment
Market (“AIM”) of the London Stock Exchange and the Johannesburg Stock
Exchange (“JSE”) and its level-1 ADR programme in the United States of
America (ADR). Its issued share capital will be unaffected by the secondary
listing on A2X and its ordinary shares will be available to be traded on the
AIM, JSE, ADR and A2X from the A2X Listing Date.

A2X is a licensed stock exchange authorised to provide a secondary listing
venue for companies and is regulated by the Financial Sector Conduct Authority
and the South African Reserve Bank’s Prudential Authority, in terms of the
Financial Markets Act 19 of 2012.

Pan African’s Chief Executive Officer, Cobus Loots, commented:

“The A2X listing affords the Company’s shareholders another platform on
which to trade and it should contribute to lower transaction costs and
improved liquidity in our stock.” 

Rosebank

6 December 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 Corner 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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