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 LSE: 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")

 

CAPITAL REDUCTION COURT APPROVAL

Pan African shareholders (Shareholders) are referred to the announcements published on 17   February   2026 and 26 March 2026 and the notice of general meeting and circular to Shareholders, dated 17   February   2026, relating to, inter alia , the proposed share capital reduction involving the cancellation of the Company's share premium account and the cancellation and extinguishment of certain shares in the Company's capital (Capital Reduction).

Pan African is pleased to advise that, at the hearing of the High Court of Justice in England and Wales (Court) held today, 28 April 2026, the Court approved the Capital Reduction. The Capital Reduction will become effective on the date on which the order of the Court confirming the Capital Reduction is registered at Companies House in the UK, which is expected to occur in the coming weeks. A further announcement will be published once the Capital Reduction becomes effective.

 

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

www.panafricanresources.com

 

Rosebank

28 April 2026

 

 Corporate information

 Corporate Office

The Firs Building                        Registered Office

2nd Floor, Office 204                   107 Cheapside, 2 nd  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.ukinfo@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                       Joint Broker

Jane Kirton                             Ross Allister/Georgia Langoulant

 St James's Corporate 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