Pan African Resources Plc - Director/PDMR Shareholding

Pan African Resources PLC

(Incorporated and registered in England and Wales under the Companies Act 1985 with registered number 3937466 on 25 February 2000)

Share code on AIM: PAF

Share code on JSE: PAN

ISIN: GB0004300496

ADR ticker code: PAFRY

(“Pan African Resources” or the “Company”)

Pan African Resources Funding Company Limited

Incorporated in the Republic of South Africa with limited liability

Registration number: 2012/021237/06

Alpha code: PARI

DIRECTOR’S DEALINGS IN SECURITIES

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

The Company announces it has received notification that on 3 November 2023, LTS Ventures (Pty) Ltd, an entity associated with Chief Executive Officer Cobus Loots, transferred 3,000,000 ordinary shares of 1p each in Pan African Resources between stock holding accounts for nil consideration, and Mr Loots in his personal capacity, transferred 81,417 ordinary shares of 1p each in Pan African Resources between stock holding accounts for nil consideration. There was no change to the direct or indirect beneficial ownership of Mr Loots’s holding.

Following this transaction, Mr Loots has an indirect beneficial interest of 5,184,504 ordinary shares, representing 0.2332% of the Company's issued share capital and a direct beneficial interest of 1,873,982 ordinary shares, representing 0.0843% of the Company's issued share capital and 314,280 open contracts for differences (CFDs).

The below information and notification are made in accordance with the EU Market Abuse Regulation and the JSE Listings Requirements.

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Cobus Loots
2.	Reason for the notification
a)	Position/status:	Chief Executive Officer
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Company name:	Pan African Resources PLC
b)	LEI:	213800EAXURCXMX6RL85
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument:	Ordinary shares of 1p each Identification code: GB0004300496
b)	Nature of the transaction:	Transfer
c)	Price(s) and volume(s):	Transfer 1: 3,000,000 ordinary shares for nil consideration Transfer 2: 81,417 ordinary shares for nil consideration
d)	Aggregated information:	Transfer 1: 3,000,000 ordinary shares for nil consideration Transfer 2: 81,417 ordinary shares for nil consideration
e)	Dates of the transactions:	3 November 2023
f)	Place of the transaction:	Johannesburg Stock Exchange

Additional information disclosed in accordance with the JSE Listings Requirements:

a)	Nature of interest of executive:	Transfer 1: Indirect beneficial Transfer 2: Direct beneficial
b)	On-market or off-market:	Off-market
c)	Clearance given in terms of paragraph 3.66 of the JSE Listings Requirements:	Yes
d)	Total value of transactions	Nil consideration
e)	Holding following transactions:	Indirect beneficial 5,184,504 ordinary shares Direct beneficial 1,873,982 ordinary shares 314,280 open CFDs