Cancellation announcements: Retraction of Standard TR-1 Form Pan African Resources PLC (Incorporated and registered in England and Wales under the UK Companies Act 2006 with registration number 3937466 on 25 February 2000) Share code on AIM: PAF Share code on JSE: PAN ISIN: GB0004300496 ADR code: PAFRY (“Pan African” or the “Company” or the “Group”) CANCELLATION ANNOUNCEMENTS: RETRACTION OF STANDARD TR-1 FORM Shareholders are referred to the announcement released by the Company on 1 December 2021 (“Announcement”), in response to a ‘TR-1: Standard form for notification of major holding’ (the “Notification”) received by the Company. The Notification and Announcement informed Pan African’s shareholders of the decrease in Ruffer LLP’s (“Ruffer”) shareholding in the Company from 5.22% to 4.49%. Ruffer has subsequently informed the Company of an error in the Notification and shareholders are advised that Ruffer’s shareholding remains at 5.22% of the Group’s total issued shares. Accordingly, the Notification and Announcement released on 1 December 2021 in relation thereto is retracted. Rosebank 3 December 2021 www.panafricanresources.com Contact information Corporate Office Registered Office The Firs Office Building Suite 31 2nd Floor, Office 204 Second Floor Cnr. Cradock and Biermann Avenues 107 Cheapside Rosebank, Johannesburg London South Africa EC2V 6DN Office: + 27 (0)11 243 2900 United Kingdom info@paf.co.za Office: + 44 (0)20 7796 8644 Cobus Loots Deon Louw Pan African Resources PLC Pan African Resources PLC Chief Executive Officer Financial Director Office: + 27 (0)11 243 2900 Office: + 27 (0)11 243 2900 Phil Dexter/Jane Kirton Ross Allister/Alexander Allen St James's Corporate Services Limited Peel Hunt LLP Company Secretary Joint Broker Office: + 44 (0)20 7796 8644 Office: +44 (0)20 7418 8900 Ciska Kloppers Thomas Rider/Nick Macann Questco Corporate Advisory Proprietary Limited BMO Capital Markets Limited JSE Sponsor Joint Broker Office: + 27 (0)11 011 9200 Office: +44 (0)20 7236 1010 Hethen Hira Website: www.panafricanresources.com Pan African Resources PLC Head: Investor Relations Tel: + 27 (0)11 243 2900 E-mail: hhira@paf.co.za Date: 03-12-2021 08:57:00 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.