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 on 12 March 2026, LTS Ventures (Pty) Ltd, an entity associated with the Chief Executive Officer, Cobus Loots, entered into the following transactions: · Disposed of 100,000 ordinary shares of 1p each in Pan African Resources · Collar transaction for 400,000 ordinary shares of 1p each in Pan African Resources (Collar transaction) · The advance of a loan of ZAR 11,567,119 with a maturity date of 13 April 2027 and the Collar transaction shares pledged as security for the loan. Following these transactions, Mr Loots has an indirect beneficial interest of 4,797,154 ordinary shares, representing 0.2056% of the Company's issued share capital and a direct beneficial interest of 1,148,700 ordinary shares, representing 0.04922% 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: |Cobus Loots | +--------------------+-----------------+--------------------------------------- -+ |2.                  |Reason for the | | | |notification | | +--------------------+-----------------+--------------------------------------- -+ |a) |Position/status: |Chief Executive Officer | +--------------------+-----------------+--------------------------------------- -+ |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 |Trade 1: Disposal of shares | | |transaction: | | | | |Trade 2: Collar transaction | | | | | | | |Trade 3: Security for loan | +--------------------+-----------------+--------------------------------------- -+ |c) |Price(s) and |Trade 1: Disposal of 100,000 shares at | | |volume(s): |ZAR34.51 per share | | | | | | | |Trade 2: Collar transaction over 400,000| | | |shares with an expiry date of 13 April | | | |2027. Put option strike price (bought) | | | |ZAR31.19 per share. Call option strike | | | |price (sold) ZAR42.98 per share. | | | |Sacrifice of 50% dividends during option| | | |period. | | | | | | | |Trade 3: Pledged Collar transaction | | | |shares as security for a loan of | | | |ZAR11,567,119, with a maturity date of | | | |13 April 2027. | +--------------------+-----------------+--------------------------------------- -+ |d) |Aggregated |Trade 1: Disposal value of ZAR3,451,000 | | |information: | | | | |Trade 2: Collar transaction over 400,000| | | |shares, having a market value of | | | |R13,844,000* | | | | | | | |Trade 3: Loan amount ZAR11,567,119 and | | | |pledged Collar transaction shares, | | | |having a market value of R13,844,000* | | | | | | | |*based on the prevailing market price on| | | |the JSE of R34.61 per share on 11 March | | | |2026 | +--------------------+-----------------+--------------------------------------- -+ |e) |Dates of the |Trade 1, 2 and 3: 12 March 2026 | | |transactions: | | +--------------------+-----------------+--------------------------------------- -+ |f) |Place of the |Trade 1,2 and 3: Johannesburg Stock | | |transaction: |Exchange | +--------------------+-----------------+--------------------------------------- -+ Additional information disclosed in accordance with the JSE Listings Requirements: +--+--------------------------------------+------------------------------------+ |a)|Nature of interest of executive: |Trade 1, 2 and 3: Indirect | | | |beneficial | +--+--------------------------------------+------------------------------------+ |b)|On-market or off-market: |Trade 1: On-market | | | | | | | |Trade 2 and 3: Off-market | +--+--------------------------------------+------------------------------------+ |c)|Clearance given in terms of paragraph |Yes | | |6.83 of the JSE Listings Requirements:| | +--+--------------------------------------+------------------------------------+ |d)|Total value of transactions |Trade 1: ZAR3,451,000 | | | | | | | |Trade 2: Collar transaction shares, | | | |having a market value of | | | |R13,844,000* | | | | | | | |Trade 3: ZAR11,567,119 loan amount | | | |and R13,844,000, being the market | | | |value of the Collar transaction | | | |shares pledged* | | | | | | | |*based on the prevailing market | | | |price on the JSE of R34.61 per share| | | |on 11 March 2026 | +--+--------------------------------------+------------------------------------+ |e)|Holding following transactions: |Indirect beneficial 4,797,154 | | | |ordinary shares | | | | | | | |Direct beneficial 1,148,700 ordinary| | | |shares | +--+--------------------------------------+------------------------------------+ Johannesburg 17 March 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,c4322270