PAN AFRICAN RESOURCES PLC - Prescribed officers dealings in securities

Prescribed officer’s dealings in securities

Pan African Resources PLC                            Pan African Resources Funding Company
(Incorporated and registered in England and Wales    Limited
under the Companies Act 1985 with registered         Incorporated in the Republic of South
number 3937466 on 25 February 2000)                  Africa with limited liability
Share code on AIM: PAF                               Registration number: 2012/021237/06
Share code on JSE: PAN                               Alpha code: PARI
ISIN: GB0004300496
ADR ticker code: PAFRY
("Pan African Resources" or the "Company")


PRESCRIBED OFFICER'S DEALINGS IN SECURITIES


                           DEALING NOTIFICATION FORM
      FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR
                         CLOSELY ASSOCIATED PERSONS


The Company announces it has received notification that Group Mining Engineer, Edmund Thorne,
bought 6,900 ordinary shares of 1p each in Pan African Resources on 3 November 2023.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr
Thorne has a direct beneficial interest of 6,900 ordinary shares, representing 0.0003% 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:                                             Edmund Thorne

 2.      Reason for the notification

 a)      Position/status:                                  Group Mining Engineer

 b)      Initial notification/Amendment:                   Initial notification

 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 the financial instrument, type of  Ordinary shares of 1p each
        instrument:

                                                          Identification code: GB0004300496

 b)     Nature of the transaction:                        Acquisition of ordinary shares

 c)     Price(s) and volume(s):                           6,900 ordinary shares at ZA 355.00
                                                          cents per share




 d)     Aggregated information:                           6,900 ordinary shares
                                                          VWAP ZA 355.00 cents per share

 e)     Dates of the transaction:                         3 November 2023

 f)     Place of the transaction:                         Johannesburg Stock Exchange



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 3.66 of the  Yes
        JSE Listings Requirements:

 d)     Total value of transaction                         ZAR 24,495

 e)     Holding following transactions:                    Direct beneficial 6,900 ordinary
                                                           shares



Johannesburg

7 November 2023

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                                2nd Floor
2nd Floor, Office 204                            107 Cheapside
Corner Cradock and Biermann Avenues              London
Rosebank, Johannesburg                           EC2V 6DN
South Africa                                     United Kingdom
Office: + 27 (0) 11 243 2900                     Office: + 44 (0) 20 7796 8644
info@paf.co.za                                   info@paf.co.za

Chief executive officer                          Financial director and debt officer
Cobus Loots                                      Deon Louw
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: hhira@paf.co.za

Company secretary                                Nominated adviser and joint broker
Jane Kirton                                      Ross Allister/Bhavesh Patel
St James's Corporate Services Limited            Peel Hunt LLP
Office: + 44 (0) 20 7796 8644                    Office: +44 (0) 20 7418 8900

JSE sponsor                                      Joint broker
Ciska Kloppers                                   Thomas Rider/Nick Macann
Questco Corporate Advisory Proprietary Limited   BMO Capital Markets Limited
Office: + 27 (0) 11 011 9200                     Office: +44 (0) 20 7236 1010

                                                 Joint broker
                                                 Matthew Armitt/Jennifer Lee
                                                 Joh. Berenberg, Gossler & Co KG (Berenberg)
                                                 Office: +44 (0) 20 3207 7800

Date: 07-11-2023 03:30:00
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