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PAN-AF:  2,594   +28 (+1.09%)  20/10/2026 17:28

PAN AFRICAN RESOURCES PLC - TR-1: Standard form for notification of major holdings

Release Date: 20/10/2026 16:30
Code(s): PAN PARS02 PARS03     PDF:  
Wrap Text
TR-1: Standard form for notification of major holdings

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


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
BlackRock, Inc.
City of registered office (if applicable)
Wilmington
Country of registered office (if applicable)
USA

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
19-Oct-2026

6. Date on which Issuer notified
20-Oct-2026

7. Total positions of person(s) subject to the notification obligation

                           % of voting        % of voting rights   Total of both     Total number of
                           rights attached    through financial    in % (8.A +       voting rights held
                           to shares (total   instruments (total   8.B)              in issuer
                           of 8.A)            of 8.B 1 + 8.B 2)

    Resulting               2.860000           2.140000             5.000000          122091613
    situation on the
    date on which
    threshold was
    crossed or
    reached

    Position of             N/A                N/A                  N/A
    previous
    notification (if
    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       Number of direct Number of indirect        % of direct         % of indirect voting
shares ISIN         voting rights    voting rights             voting rights       rights (DTR5.2.1)
code(if possible)   (DTR5.1)         (DTR5.2.1)                (DTR5.1)

GB0004300496                              69855334                                   2.860000
Sub Total 8.A
                       69855334                                    2.860000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial      Expiration date   Exercise/conversion Number of voting    % of voting
instrument                               period              rights that may be  rights
                                                             acquired if the
                                                             instrument is
                                                             exercised/converted

Securities                                                    52215903                 2.140000
Lending
Sub Total 8.B1
                                                              52215903                 2.140000%

8B2. Financial Instruments with similar economic effect according
to (DTR5.3.1R.(1) (b))

Type of          Expiration   Exercise/conversion Physical or cash    Number of         % of voting
financial        date         period              settlement          voting rights     rights
instrument

CFD                                                Cash               20376             0.000000
Sub Total 8.B2
                                                                      20376             0.000000%

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)

Ultimate              Name of controlled        % of voting       % of voting rights     Total of both if
controlling person    undertaking               rights if it      through financial      it equals or is
                                                equals or is      instruments if it      higher than
                                                higher than the   equals or is higher    the notifiable
                                                notifiable        than the notifiable    threshold
                                                threshold         threshold

BlackRock,            BlackRock Saturn
Inc. (Chain           Subco, LLC
1)

BlackRock,            BlackRock
Inc. (Chain           Finance, Inc.
1)

BlackRock,            BlackRock Holdco
Inc. (Chain           2, Inc.
1)

BlackRock,            BlackRock
Inc. (Chain           Financial
1)                    Management, Inc.

BlackRock,            BlackRock
Inc. (Chain           International
1)                    Holdings, Inc.

BlackRock,            BR Jersey
Inc. (Chain           International
1)                    Holdings L.P.

BlackRock,            BlackRock Holdco
Inc. (Chain           3, LLC
1)

BlackRock,            BlackRock
Inc. (Chain           Cayman 1 LP
1)

BlackRock,            BlackRock
Inc. (Chain           Cayman West Bay
1)                    Finco Limited

BlackRock,            BlackRock
Inc. (Chain           Cayman West Bay
1)                    IV Limited

BlackRock,            BlackRock Group
Inc. (Chain           Limited
1)

BlackRock,            BlackRock
Inc. (Chain           Investment
1)                    Management (UK)
                      Limited

BlackRock,            BlackRock Saturn
Inc. (Chain           Subco, LLC
2)

BlackRock,            BlackRock
Inc. (Chain           Finance, Inc.
2)

BlackRock,            BlackRock Holdco
Inc. (Chain           2, Inc.
2)

BlackRock,            BlackRock
Inc. (Chain           Financial
2)                    Management, Inc.

BlackRock,            BlackRock Holdco
Inc. (Chain           4, LLC
2)

BlackRock,            BlackRock Holdco
Inc. (Chain           6, LLC
2)

BlackRock,            BlackRock
Inc. (Chain           Delaware
2)                    Holdings Inc.

BlackRock,            BlackRock
Inc. (Chain           Institutional Trust
2)                    Company,
                      National
                      Association

BlackRock,            BlackRock Saturn
Inc. (Chain           Subco, LLC
3)

BlackRock,            BlackRock
Inc. (Chain           Finance, Inc.
3)

BlackRock,            BlackRock Holdco
Inc. (Chain           2, Inc.
3)

BlackRock,            BlackRock
Inc. (Chain           Financial
3)                    Management, Inc.

BlackRock,            BlackRock Holdco
Inc. (Chain           4, LLC
3)

BlackRock,            BlackRock Holdco
Inc. (Chain           6, LLC
3)

BlackRock,            BlackRock
Inc. (Chain           Delaware
3)                    Holdings Inc.

BlackRock,            BlackRock Fund
Inc. (Chain           Advisors
3)

BlackRock,            BlackRock Saturn
Inc. (Chain           Subco, LLC
4)

BlackRock,            BlackRock
Inc. (Chain           Finance, Inc.
4)

BlackRock,            BlackRock Holdco
Inc. (Chain           2, Inc.
4)

BlackRock,            BlackRock
Inc. (Chain           Financial
4)                    Management, Inc.

BlackRock,            BlackRock Saturn
Inc. (Chain           Subco, LLC
5)

BlackRock,            BlackRock
Inc. (Chain           Finance, Inc.
5)

BlackRock,            BlackRock Holdco
Inc. (Chain           2, Inc.
5)

BlackRock,            BlackRock
Inc. (Chain           Financial
5)                    Management, Inc.

BlackRock,            BlackRock
Inc. (Chain           International
5)                    Holdings, Inc.

BlackRock,            BR Jersey
Inc. (Chain           International
5)                    Holdings L.P.

BlackRock,            BlackRock Holdco
Inc. (Chain           3, LLC
5)

BlackRock,            BlackRock
Inc. (Chain           Cayman 1 LP
5)

BlackRock,            BlackRock
Inc. (Chain           Cayman West Bay
5)                    Finco Limited

BlackRock,            BlackRock
Inc. (Chain           Cayman West Bay
5)                    IV Limited

BlackRock,            BlackRock Group
Inc. (Chain           Limited
5)

BlackRock,            BlackRock
Inc. (Chain           (Netherlands)
5)                    B.V.

BlackRock,            BlackRock Asset
Inc. (Chain           Management
5)                    Deutschland AG

BlackRock,            BlackRock Saturn
Inc. (Chain           Subco, LLC
6)

BlackRock,            BlackRock
Inc. (Chain           Finance, Inc.
6)

BlackRock,            BlackRock Holdco
Inc. (Chain           2, Inc.
6)

BlackRock,            BlackRock
Inc. (Chain           Financial
6)                    Management, Inc.

BlackRock,            BlackRock
Inc. (Chain           International
6)                    Holdings, Inc.

BlackRock,            BlackRock Canada
Inc. (Chain           Holdings ULC
6)

BlackRock,            BlackRock Asset
Inc. (Chain           Management
6)                    Canada Limited

BlackRock,            BlackRock Saturn
Inc. (Chain           Subco, LLC
7)

BlackRock,            BlackRock
Inc. (Chain
 7)                   Finance, Inc.

 BlackRock,           BlackRock Holdco
 Inc. (Chain          2, Inc.
 7)

 BlackRock,           BlackRock
 Inc. (Chain          Financial
 7)                   Management, Inc.

 BlackRock,           BlackRock
 Inc. (Chain          International
 7)                   Holdings, Inc.

 BlackRock,           BR Jersey
 Inc. (Chain          International
 7)                   Holdings L.P.

 BlackRock,           BlackRock Holdco
 Inc. (Chain          3, LLC
 7)

 BlackRock,           BlackRock
 Inc. (Chain          Cayman 1 LP
 7)

 BlackRock,           BlackRock
 Inc. (Chain          Cayman West Bay
 7)                   Finco Limited

 BlackRock,           BlackRock
 Inc. (Chain          Cayman West Bay
 7)                   IV Limited

 BlackRock,           BlackRock Group
 Inc. (Chain          Limited
 7)

 BlackRock,           BlackRock
 Inc. (Chain          Advisors (UK)
 7)                   Limited


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

If date does not apply, explain below

11. Additional Information
BlackRock Regulatory Threshold Reporting Team
Jana Blumenstein
020 7743 3650

12. Date of Completion
20th October 2026

13. Place Of Completion
12 Throgmorton Avenue, London, EC2N 2DL, U.K.


Johannesburg

20 October 2026

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                                     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                                     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 and 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) 78 286 9556

                                                      Joint broker
                                                      Matthew Armitt/Jennifer Lee
                                                      Joh. Berenberg, Gossler & Co KG
                                                      (Berenberg)
                                                      Office: +44 (0)20 3207 7800
Date: 20/10/2026 04:30:00
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