Pan African Resources Plc - Holding(s) in Company
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuer and to theFCA in Microsoft Word format if possible)iPan African Resources PLC (Incorporated and registered in England and Wales under the Companies Act 1985 with 1a. Identity of the issuer or the registration underlying issuer of existing shares to which voting rights are attachedii: number 3937466 on 25 February 2000) Share code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 1b. Please indicate if the issuer is a non-UK issuer(please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification(please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name Peregrine Capital (Pty) Ltd City and country of registered office Johannesburg, SOUTH AFRICA. (if applicable) 4. Full name of shareholder(s) (if different from 3.)vName City and country of registered office (if applicable) 5. Date on which the threshold was 20/02/2026 crossed or reachedvi: 6. Date on which issuer notified 24/02/2026 (DD/MM/YYYY): 7. Total positions of person(s) subject to the notification obligation Tot al num ber % of voting rights of % of voting rights through financial Total of both in % vot attached to shares instruments (8.A + 8.B) ing (total of 8. A) (total of 8.B 1 + rig 8.B 2) hts of iss uer vii Resulting situation 109 on the date on 4.69 0 4.69 ,44 which threshold was 5,9 crossed or reached 37 Position of previous notification (if 5.65 0 5.65 applicable)
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type Number of voting rightsix % of voting rights
of
shares Indirect Direct Indirect
Direct
ISIN code (Art 10 of (Art 9 of (Art 10 of
(if (Art 9 of Directive Directive Directive Directive
possible) 2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) 2004/109/EC)
(DTR5.2.1) (DTR5.1) (DTR5.2.1)
GB0004300496109,445,937 4.69
SUBTOTAL 8. 109,445,937 4.69
A
B 1: Financial Instruments according to Art. 13(1)(a) of Directive
2004/109/EC (DTR5.3.1.1 (a))
Number of voting rights that
Type of Expiration Exercise/ may be acquired if the % of voting
financial datex Conversion instrument is rights
instrument Periodxi
exercised/converted.
SUBTOTAL 8.
B 1
B 2: Financial Instruments with similar economic effect according to Art. 13
(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Exercise/ Physical or
financial Expiration Conversion cash Number of voting % of voting
instrument datex Periodxi rights rights
settlementxii
SUBTOTAL
8.B.2
9. Information in relation to the person subject to the notification obligation
(please mark the
applicable box with an “X”)
Person subject to the notification obligation is not
controlled by any natural person or legal entity and
does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying)
issuerxiii
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
entityxiv (please add additional rows as necessary)
% of voting rights if % of voting rights
it equals or is higher through financial Total of both if it
Namexv than the notifiable instruments if it equals equals or is higher than
threshold or is higher than the the notifiable threshold
notifiable threshold
10.In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting
rights held
The date until which the
voting rights will be held
11. Additional informationxvi
______________________________________________ |Place of completion|JOHANNESBURG, SOUTH AFRICA| |___________________|__________________________| |Date of completion |24/02/2026 | |___________________|__________________________|
