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Proposed Acquisition of Emmerson Resources - Update regarding Australian Stock Exchange (ASX) Listing

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (‘PanAfrican’ orthe ‘Group’or the‘Company’)     PROPOSED ACQUISITION OF EMMERSON RESOURCES – UPDATE

Director/PDMR Shareholding

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (‘Pan AfricanResources’ orthe‘Company’)       DIRECTOR’S DEALINGS IN SECURITIES   DEALING

Holding(s) in 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 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

Operational Update ahead of year ending 30 June 2026

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (‘PanAfrican’ orthe ‘Group’or the‘Company’)     OPERATIONAL UPDATE AHEAD OF YEAR ENDING 30 JUNE 2026

Capital Reduction

Pan African Resources PLC    Pan African Resources Funding Company (Incorporated and registered in England and Wales  Limited under Companies Act 1985 with registered   Incorporated in the Republic of South Africa number 3937466 on 25 February 2000)   with limited liability Share code on LSE: PAF    Registration number: 2012/021237/06 Share code on JSE: PAN    Alpha code: PARI ISIN: GB0004300496 ADR code: PAFRY (“Pan African” or “the Company” or “the Group”)   CAPITAL REDUCTION Pan African shareholders (Shareholders) are referred to the announcements

Director/PDMR Shareholding

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (‘Pan AfricanResources’ orthe‘Company’)       DIRECTOR’S DEALINGS IN SECURITIES   DEALING

Update on proposed acquisition of  Emmerson Resources

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (“PanAfrican” orthe “Company”or the“Group”)       UPDATE ON PROPOSED ACQUISITION OF EMMERSON RESOURCES

Capital Reduction Court Approval

Pan African Resources PLC    Pan African Resources Funding Company (Incorporated and registered in England and Wales  Limited under Companies Act 1985 with registered   Incorporated in the Republic of South Africa number 3937466 on 25 February 2000)   with limited liability Share code on LSE: PAF    Registration number: 2012/021237/06 Share code on JSE: PAN    Alpha code: PARI ISIN: GB0004300496 ADR code: PAFRY (“Pan African” or “the Company” or “the Group”)   CAPITAL REDUCTION COURT APPROVAL Pan African shareholders (Shareholders) are referred to the

Director/PDMR Shareholding

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (‘Pan AfricanResources’ orthe‘Company’)       DIRECTOR’S DEALINGS IN SECURITIES   DEALING

Results of General Meeting & Salient Dates

Pan African Resources PLC    Pan African Resources Funding Company (Incorporated and registered in England and Wales  Limited under Companies Act 1985 with registered   Incorporated in the Republic of South Africa number 3937466 on 25 February 2000)   with limited liability Share code on LSE: PAF    Registration number: 2012/021237/06 Share code on JSE: PAN    Alpha code: PARI ISIN: GB0004300496 ADR code: PAFRY (“Pan African” or “the Company” or “the Group”)   RESULTS OF GENERAL MEETING AND SALIENT DATES   Pan African shareholders (Shareholders) are

Director/PDMR Shareholding

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (“Pan AfricanResources” orthe“Company”)       DIRECTOR’S DEALINGS IN SECURITIES   DEALING

Holding(s) in 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 Allan Gray Proprietary Limited 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

Director/PDMR Shareholding

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (‘Pan AfricanResources’ orthe‘Company’)       DIRECTOR’S DEALINGS IN SECURITIES   DEALING

Pan African to acquire Emmerson Resources

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (“PanAfrican” orthe “Company”or the“Group”)       Pan African to acquire Emmerson Resources

Unaudited Condensed Consolidated Interim Financial Results for the six months ended December 2025

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (“Pan AfricanResources” orthe “Company”or the“Group”)     Unaudited Condensed Consolidated Interim

Proposed Capital Reduction & Notice of General Meeting

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (“Pan AfricanResources” orthe “Company”or the“Group”)     PROPOSED CAPITAL REDUCTION AND NOTICE OF GENERAL

Group Trading Statement for the six months ended 31 December 2025 (current reporting period)

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (“Pan AfricanResources” orthe “Company”or the“Group”)     GROUP TRADING STATEMENT FOR THE SIX MONTHS ENDED

Operational Update for the half-year ended December 2025 (H1FY26) & Proposed Initiation of Interim Dividend

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (“Pan AfricanResources” orthe “Company”or the“Group”)     OPERATIONAL UPDATE FOR THE HALF-YEAR ENDED

Holding(s) in 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 Allan Gray Proprietary Limited 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

Delay in Share Capital Reduction

Pan African Resources PLC    Pan African Resources Funding Company (Incorporated and registered in England and Wales   Limited under Companies Act 1985 with registered    Incorporated in the Republic of South Africa number 3937466 on 25 February 2000)   with limited liability Share code on LSE: PAF     Registration number: 2012/021237/06 Share code on JSE: PAN     Alpha code: PARI ISIN: GB0004300496 ADR code: PAFRY (“Pan African” or “the Company” or “the Group”)   DELAY IN SHARE CAPITAL REDUCTION Pan African refers to the proposed share capital reduction

Application for Admission

Pan African Pan African Resources FundingResources PLC Company Limited (Incorporated Incorporated in the Republic ofand South Africa with limitedregistered in liabilityEngland andWales under Registration number:the Companies 2012/021237/06Act 1985 withregistered Alpha code: PARInumber3937466 on 25  February2000) Share code onLSE: PAF Share code onJSE: PAN ISIN:GB0004300496 ADR tickercode: PAFRY (“Pan AfricanResources” orthe “Company”or the“Group”)   Application for Admission   Pan African

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