Company Announcements

Pan African Resources PLC         Pan African Resources Funding Company

(Incorporated and registered in England and Wales   Limited

under Companies Act 1985 with registered     Incorporated in the Republic of South Africa

number 3937466 on 25 February 2000)       with limited liability

Share code on AIM: PAF           Registration number: 2012/021237/06

Share code on JSE: PAN           Alpha code: PARI

ISIN: GB0004300496

ADR code: PAFRY

(‘Pan African’ or ‘the Company’ or ‘the Group’)

PAN AFRICAN RESOURCES PLC TRANSACTION IN OWN SHARES

Pan African , the South African gold producer, announces that on 1 July 2025, in accordance with the terms of its share buyback programme announced on 30 June 2025 (the ‘Programme’) it purchased the following number of ordinary shares of £0.01 each in the Company (‘Ordinary Shares’ or ‘Shares’) through Peel Hunt LLP (‘Peel Hunt’). The Shares purchased will be cancelled and delisted from the AIM market of the London Stock Exchange (‘LSE’) and the Johannesburg Stock Exchange (‘JSE’) .

Date of purchases                                               1 July 2025

Aggregate number of Ordinary Shares purchased                   420,317

LSE on-marketpurchases

Number of Ordinary Shares purchased on LSE (on-market)          420,317

Lowest price paid per Share (pence per share):                  46.75

Highest price paid per Share (pence per share):                 47.00

Volume weighted average price paid per Share (pence per share): 46.89

Included in the above are 20,317 Ordinary Shares which Peel Hunt, acting as principal, acquired through the JSE Order book and sold to the Company on-market through the LSE.

Following the purchases and pursuant to the cancellation thereof, the Company will have 2,335,254,946 Ordinary Shares of £0.01 each in issue, of which 306,358,058 Ordinary Shares are held in treasury.

The above figure of 2,335,254,946 may be used by shareholders as the denominator for calculating whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, the tables below contain detailed information of the individual trades made by Peel Hunt as part of the Programme.

Individual transactions on LSE:

 _____________________________________________________________________________
|Number of Shares|Transaction price (pence|Time of transaction|Execution venue|
|purchased       |per share)              |                   |               |
|________________|________________________|___________________|_______________|
|20,317          |46.86                   |15:09              |LSE            |
|________________|________________________|___________________|_______________|
|75,000          |46.90                   |15:16              |LSE            |
|________________|________________________|___________________|_______________|
|175,000         |47.00                   |15:16              |LSE            |
|________________|________________________|___________________|_______________|
|150,000         |46.75                   |15:54              |LSE            |
|________________|________________________|___________________|_______________|

 

The information contained in this update is the responsibility of the Pan African board of directors and has not been reviewed or reported on by the Group’s external auditors.

Rosebank

2 July 2025

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

www.panafricanresources.com

 

 ___________________________________________________________________________
|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'sCorporate 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         |
|______________________________________|____________________________________|