PAN AFRICAN RESOURCES PLC - Pan African Resources establishes Sponsored American Depository Receipt (ADR) Programme

Pan African Resources establishes Sponsored American Depository Receipt (ADR) Programme

Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered number
3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
("Pan African Resources" or "the Company")


PAN AFRICAN RESOURCES ESTABLISHES SPONSORED AMERICAN DEPOSITORY RECEIPT (ADR) PROGRAMME

Pan African Resources’ shareholders are advised that the Company has established a sponsored Level
-1 ADR programme today on the over-the-counter market in the United States (US) with the Bank of
New York Mellon (BNY Mellon) being the appointed Depository.

Each depository receipt in the ADR programme represents twenty (20) ordinary shares in Pan African
Resources and trades under the symbol ‘PAFRY’.

Pan African Resources CEO Cobus Loots said: “Pan African has a strong shareholder base in South
Africa and in the United Kingdom. By establishing the ADR programme, the Company will make
investing in its shares even more accessible to international investors, particularly the US investor
market. Furthermore, Pan African joins a number of its peers which have successfully implemented
an ADR programme.”

Pan African Resources has a dual listing on the Main Board of the Johannesburg Stock Exchange in
South Africa (JSE:PAN) and AIM Market of the London Stock Exchange in the UK (AIM:PAF).

Rosebank
02 July 2020

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

www.panafricanresources.com



Contact information

Corporate Office                                      Registered Office
The Firs Office Building                              Suite 31
2nd Floor, Office 204                                 Second Floor
Cnr. Cradock and Biermann Avenues                     107 Cheapside
Rosebank, Johannesburg                                London
South Africa                                          EC2V 6DN
Office: + 27 (0)11 243 2900                           United Kingdom
info@paf.co.za                                        Office: + 44 (0)20 7796 8644

Cobus Loots                                           Deon Louw
Pan African Resources PLC                             Pan African Resources PLC
Chief Executive Officer                               Financial Director
Office: + 27 (0)11 243 2900                           Office: + 27 (0)11 243 2900

Phil Dexter/Jane Kirton                               John Prior
St James's Corporate Services Limited                 Numis Securities Limited
Company Secretary                                     Nominated Adviser and Joint Broker
Office: + 44 (0)20 7796 8644                          Office: +44 (0)20 7260 1000

Ciska Kloppers                                        Ross Allister/David McKeown
Questco Corporate Advisory Proprietary Limited        Peel Hunt LLP
JSE Sponsor                                           Joint Broker
Office: + 27 (0)11 011 9200                           Office: +44 (0)20 7418 8900

Hethen Hira                                           Thomas Rider/Neil Elliot
Pan African Resources PLC                             BMO Capital Markets Limited
Head : Investor Relations                             Joint Broker
Tel: + 27 (0)11 243 2900                              Office: +44 (0)20 7236 1010
E-mail: hhira@paf.co.za

Website: www.panafricanresources.com

Date: 02-07-2020 09:00:00
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