Pan African Resources Plc – Results of General Meeting & Salient Dates

Pan African Resources PLCPan 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: PAFRegistration number: 2012/021237/06

Share code on JSE: PANAlpha 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 referred to the announcement
published on 17February2026 and the notice of general meeting and circular to
Shareholders, dated 17February2026, relating to the proposed share capital
reduction involving the cancellation of the Company’s share premium account and
the cancellation and extinguishment of certain shares in the Company’s capital
(Capital Reduction) and the proposed amendment to the Company’s Articles of
Association. Expressions used in this announcement shall have the same meaning
as in the announcement published on 17February2026.

1. Results of General Meeting

Shareholders are advised that at the general meeting of Shareholders (General
Meeting) held on Thursday, 26 March 2026, all the special resolutions, as set
out in the notice of General Meeting dated 17 February 2026, were approved by
the requisite majority of Shareholders present or represented by proxy.

The total number of Pan African ordinary shares (Shares) eligible to vote at the
General Meeting is 2,333,671,529.

All resolutions proposed at the General Meeting, together with the percentage of
shares abstained, as well as the percentage of votes carried for and against
each resolution, are as follows:

Resolution 1: To approve the appropriation of profits as at 31 July 2024 to the
payment of the 2024 final dividend

Shares Voted Abstained For Against
189,994 1,468,660,030 23,493
1,468,683,523
0.01% 99.99% 0.01%
62.93%

Resolution 2: To cancel the Company’s share premium account and to cancel and
extinguish Shares bought back by the Company in July 2025

Shares Voted Abstained For Against
315,806 1,468,524,279 33,342
1,468,557,711
0.01% 99.99% 0.01%
62.93%

Resolution 3: To implement other aspects of the share Capital Reduction

Shares Voted Abstained For Against
300,663 1,468,260,620 312,234
1,468,572,854
0.01% 99.98% 0.02%
62.93%

Resolution 4: To amend the Company’s Articles of Association

Shares Voted Abstained For Against
355,896 1,467,468,182 1,049,439
1,468,517,621
0.02% 99.93% 0.07%
62.93%

Notes

· Percentages of Shares voted are calculated in relation to the total issued
ordinary share capital of Pan African.
· Percentages of Shares voted for and against each resolution are calculated
in relation to the total number of Shares voted in respect of each resolution.
· Abstentions are calculated as a percentage in relation to the total issued
ordinary share capital of Pan African.

2. Salient dates relevant to the Capital Reduction

Expected date of initial Wednesday, 15 April 2026
directions hearing of the Court
Expected date of Court Hearing Tuesday, 28 April 2026
to confirm the Capital
Reduction
Expected effective date for the Wednesday, 29 April 2026
Capital Reduction

Note

1.The expected dates for the confirmation of the Capital Reduction by the Court
and the Capital Reduction becoming effective are based on provisional dates that
have been obtained for the required Court hearings of the Company’s application.
These provisional hearing dates are subject to change and dependent on the
Court’s timetable.

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

www.panafricanresources.com

Rosebank

26 March 2026

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
[email protected]
Office: + 27 (0)11 243 2900

[email protected]
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: [email protected]
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 & 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

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