Correction of manifest error in programme memorandum Pan African Resources Funding Company Limited Incorporated in the Republic of South Africa with limited liability Registration number: 2012/021237/06 Company code: PARI (PAR Funding Company or the Issuer) CORRECTION OF MANIFEST ERROR IN PROGRAMME MEMORANDUM Noteholders are advised that Condition 12.7.2 of the programme memorandum dated 6 December 2022 ("Programme Memorandum") contained a manifest error as to the timing of testing and disclosure of the financial covenants of Pan African Resources plc ("the Group"), which testing can only be performed once the audited annual financial results and unaudited interim financial results of the Group are prepared. Condition 12.7.2 has been amended to align with the timing of the publication of the Group's audited annual financial statements and unaudited interim financial results, and now reads as follows: "12.7.2. The Issuer shall be required to test the Financial Covenants on each Measurement Date, the results of which will be published via SENS on the same date as the publication of the Pan African Resources Plc audited annual financial results and unaudited interim financial results on SENS." The updated Programme Memorandum is available for inspection on the Group's website at https://www.panafricanresources.com/investors/domestic-medium-term-note-programme/. Rosebank 17 October 2023 Debt sponsor Questco Corporate Advisory Proprietary Limited Date: 17-10-2023 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.