Pan African Resources Plc - Capital Reduction

Pan African Resources Plc - Capital Reduction

PR Newswire

LONDON, United Kingdom, May 22

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

Pan African shareholders (Shareholders) are referred to the announcements published on 17 February 2026, 26 March 2026 and 28 April 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 the court order approving the Capital Reduction was registered at Companies House in the UK on 21 May 2026. Accordingly, the Capital Reduction is now effective.

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

www.panafricanresources.com

Rosebank

22 May 2026

Corporate information
Corporate Office The Firs Building 2nd Floor, Office 204 Corner Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office: + 27 (0)11 243 2900 [e-mail]	Registered Office 107 Cheapside, 2 nd Floor London, EC2V 6DN United Kingdom Office: + 44 (0)20 3869 0706 [e-mail]
Chief Executive Officer Cobus Loots Office: + 27 (0)11 243 2900	Financial Director and debt officer Marileen Kok Office: + 27 (0)11 243 2900
Head: Investor Relations Hethen Hira Tel: + 27 (0)11 243 2900 E-mail: [e-mail]	Website: www.panafricanresources.com
Company Secretary Jane Kirton St James's Corporate Services Limited Office: + 44 (0)20 3869 0706	Joint Broker Ross Allister/Georgia Langoulant Peel Hunt LLP Office: [phone]
JSE Sponsor & JSE Debt Sponsor Ciska Kloppers Questco Corporate Advisory Proprietary Limited Office: + 27 (0) 63 482 3802	Joint Broker Thomas Rider/Nick Macann BMO Capital Markets Limited Office: [phone]
	Joint Broker Matthew Armitt/Jennifer Lee Joh. Berenberg, Gossler & Co KG (Berenberg) Office: [phone]