Pan African Resources Plc - Director/PDMR Shareholding

Pan African Pan African Resources Funding Resources PLC Company Limited (Incorporated Incorporated in the Republic of and South Africa with limited registered in liability England and Wales under Registration number: the Companies 2012/021237/06 Act 1985 with registered Alpha code: PARI number 3937466 on 25 February 2000) Share code on LSE: PAF Share code on JSE: PAN ISIN: GB0004300496 ADR ticker code: PAFRY (`Pan African Resources' or the `Company') DIRECTOR'S DEALINGS IN SECURITIES DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS The Company announces that it has received notification that the Chairman of the Board Keith Spencer, disposed of 1,000,000 ordinary shares of 1p each in Pan African Resources on 17 April 2026. Following these transactions, Mr Spencer has a direct beneficial interest of 2,000,000 ordinary shares, representing 0.08570% of the Company's issued share capital. The below information and notification are made in accordance with the EU Market Abuse Regulation and the JSE Listings Requirements. +--------------------+-----------------+--------------------------------------- -+ |1.                  |Details of the | | | |person | | | |discharging | | | |managerial | | | |responsibilities/| | | |person closely | | | |associated | | +--------------------+-----------------+--------------------------------------- -+ |a) |Name: |Keith Cousins Spencer | +--------------------+-----------------+--------------------------------------- -+ |2.                  |Reason for the | | | |notification | | +--------------------+-----------------+--------------------------------------- -+ |a) |Position/status: |Chairman | +--------------------+-----------------+--------------------------------------- -+ |b) |Initial |Initial notification | | |notification/Amen| | | |dment: | | +--------------------+-----------------+--------------------------------------- -+ |3.                  |Details of the | | | |issuer, emission | | | |allowance market | | | |participant, | | | |auction | | | |platform, | | | |auctioneer or | | | |auction monitor | | +--------------------+-----------------+--------------------------------------- -+ |a) |Company name: |Pan African Resources PLC | +--------------------+-----------------+--------------------------------------- -+ |b) |LEI: |213800EAXURCXMX6RL85 | +--------------------+-----------------+--------------------------------------- -+ |4.                  |Details of the | | | |transaction(s): | | | |section to be | | | |repeated for (i) | | | |each type of | | | |instrument; (ii) | | | |each type of | | | |transaction; | | | |(iii) each date; | | | |and (iv) each | | | |place where | | | |transactions | | | |have been | | | |conducted | | +--------------------+-----------------+--------------------------------------- -+ |a) |Description of |Ordinary shares of 1p each | | |the financial | | | |instrument, type |Identification code: GB0004300496 | | |of instrument: | | +--------------------+-----------------+--------------------------------------- -+ |b) |Nature of the |Disposal of shares | | |transaction: | | +--------------------+-----------------+--------------------------------------- -+ |c) |Price(s) and |Disposal of 1,000,000 shares, at various| | |volume(s): |trading prices during the course of the | | | |day, with the following price | | | |information: | | | | | | | |-          VWAP of GBP1.57380505 per | | | |share | | | | | | | |-          High of GBP1.6082 per share | | | | | | | |-          Low of GBP1.5598 per share | +--------------------+-----------------+--------------------------------------- -+ |d) |Aggregated |Disposal value of GBP1,573,805.04 | | |information: | | +--------------------+-----------------+--------------------------------------- -+ |e) |Dates of the |17 April 2026 | | |transactions: | | +--------------------+-----------------+--------------------------------------- -+ |f) |Place of the |London Stock Exchange | | |transaction: | | +--------------------+-----------------+--------------------------------------- -+ Additional information disclosed in accordance with the JSE Listings Requirements: +--+--------------------------------------+-----------------+ |a)|Nature of interest of executive: |Direct beneficial| +--+--------------------------------------+-----------------+ |b)|On-market or off-market: |On-market | +--+--------------------------------------+-----------------+ |c)|Clearance given in terms of paragraph |Yes | | |6.83 of the JSE Listings Requirements:| | +--+--------------------------------------+-----------------+ |d)|Total value of transactions |GBP1,573,805.04 | +--+--------------------------------------+-----------------+ |e)|Holding following transactions: |Direct beneficial| | | |2,00,000 ordinary| | | |shares | +--+--------------------------------------+-----------------+ Johannesburg 20 April 2026 For further information on Pan African, please visit the Company's website at www.panafricanresources.com Corporate information Corporate Office Registered Office The Firs Building 107 Cheapside, 2nd Floor 2nd Floor, Office 204 London, EC2V 6DN Corner Cradock and Biermann Avenues United Kingdom Rosebank, Johannesburg Office: + 44 (0)20 3869 0706 South Africa [email protected] Office: + 27 (0)11 243 2900 [email protected] 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 Website: www.panafricanresources.com Hethen Hira Tel: + 27 (0)11 243 2900 E-mail: [email protected] 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 This information was brought to you by Cision http://news.cision.com https://news.cision.com/pan-african-resources-plc/r/director-pdmr-shareholding,c4337322