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 the FCA in Microsoft Word format if possible)i 1a. Identity of Pan African Resources the issuer or the PLC underlying issuer of existing (Incorporated and shares registered in England to which voting and Wales rights are attachedii: under the Companies Act 1985 with registration 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 X disposal of voting rights 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 Johannesburg, SOUTH of registered AFRICA. office (if applicable) 4. Full name of shareholder(s) (if different from 3.)v Name City and country of registered office (if applicable) 5. Date on which 08/04/2026 the threshold was crossed or reachedvi: 6. Date on which 10/04/2026 issuer notified (DD/MM/YYYY): 7. Total positions of person(s) subject to the notification obligation % of voting % of voting Total of both Total rights rights in % (8.A + number of attached to through 8.B) voting shares financial rights of (total instruments issuervii of 8. A) (total of 8.B 1 + 8.B 2) Resulting 3.94 0 3.94 91,948,210 situation on the date on which threshold was crossed or reached Position of 4.69 0 4.69 previous notification (if 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 of Number of % of voting rights shares voting rightsix ISIN code (if possible) Direct Indirect Direct Indirect (Art 9 of (Art 10 of (Art 9 of (Art 10 of Directive Directive Directive Directive 2004/109/EC) 2004/109/EC) 2004/109/EC 2004/109/EC) (DTR5.2.1) (DTR5.1) ) (DTR5.2.1 (DTR5.1) ) GB0004300496 91,948,210 3.94 SUBTOTAL 8. A 91,948,210 3.94 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Type of Expiration Exercise/ Number of voting % of financial datex Conversion rights that may be voting instrument Periodxi acquired if the rights instrument is 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 Expiration Exercise/ Physical or Number of % of financial datex Conversion cash voting voting instrument Period xi 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) Namexv % of voting rights if it equals or is % of voting Total of both higher than the notifiable threshold rights if it equals or through is higher than financial the notifiable instruments threshold if it equals or is higher than the 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 |10/04/2026 | +-------------------+--------------------------+ This information was brought to you by Cision http://news.cision.com https://news.cision.com/pan-african-resources-plc/r/holding-s--in-company,c4333245