TR-1: Standard form for notification of major holdings Pan African Resources PLC Pan African Resources Funding (Incorporated and registered in Company Limited England and Wales under Incorporated in the Republic of South Companies Act 1985 with Africa with limited liability registered number 3937466 on Registration number: 2012/021237/06 25 February 2000) Alpha code: PARI Share code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 ADR code: PAFRY ('Pan African' or 'the Company' or 'the Group') TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB0004300496 Issuer Name PAN AFRICAN RESOURCES PLC UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name Coronation Fund Managers City of registered office (if applicable) Cape Town Country of registered office (if applicable) South Africa 4. Details of the shareholder Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above City of registered office (if applicable) Country of registered office (if applicable) 5. Date on which the threshold was crossed or reached 02-Sep-2025 6. Date on which Issuer notified 03-Sep-2025 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights Total number of attached to shares through financial Total of both in voting rights held (total of 8.A) instruments (total of % (8.A + 8.B) in issuer 8.B 1 + 8.B 2) Resulting situation on the date on 3.074030 0.000000 3.074030 62320227 which threshold was crossed or reached Position of previous notification (if 2.899979 0.000000 2.899979 applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached 8A. Voting rights attached to shares Class/Type of shares Number of direct Number of indirect % of direct voting % of indirect voting ISIN code(if voting rights (DTR5.1) voting rights rights (DTR5.1) rights (DTR5.2.1) possible) (DTR5.2.1) GB0004300496 62320227 0 3.074030 0.000000 Sub Total 8.A 62320227 3.074030% 8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)) Type of financial Expiration Exercise/conversion Number of voting rights that may be % of instrument date period acquired if the instrument is voting exercised/converted rights Sub Total 8.B1 8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b)) Type of Expiration Exercise/conversion Physical or cash Number of voting % of voting financial date period settlement rights rights instrument Sub Total 8.B2 9. Information in relation to the person subject to the notification obligation 2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary) % of voting rights % of voting rights through financial Total of both if it Ultimate controlling Name of controlled if it equals or is instruments if it equals or is higher person undertaking higher than the equals or is higher than the notifiable notifiable threshold than the notifiable threshold threshold Coronation Coronation Asset Fund 3.074030 0.000000 3.074030% Management Managers (Pty) Ltd 10. In case of proxy voting Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional Information 12. Date of Completion 03-Sep-2025 13. Place Of Completion Cape Town, South Africa Rosebank 3 September 2025 For further information on Pan African Resources, 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 jane.kirton@corpserv.co.uk Office: + 27 (0)11 243 2900 info@paf.co.za 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: hhira@paf.co.za Company Secretary Nominated Adviser and 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 Date: 03-09-2025 04:40:00 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.