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Implementation of the Emmerson Scheme
Pan African Resources PLC Pan African Resources Funding Company
(Incorporated and registered in England and Wales Limited
under the Companies Act 1985 with registered Incorporated in the Republic of South
number 3937466 on 25 February 2000) Africa with limited liability
Share code on LSE: PAF Registration number: 2012/021237/06
Share code on JSE: PAN Alpha code: PARI
Share code on ASX: PAF
ISIN: GB0004300496
ADR ticker code: PAFRY
('Pan African' or 'PAF' or the 'Company')
IMPLEMENTATION OF THE EMMERSON SCHEME
Pan African Resources PLC (ARBN 696 435 917) (Pan African or PAF or the Company) (ASX: PAF;
LSE: PAF; JSE: PAN) provides the following update in respect of the scheme of arrangement under
Part 5.1 of the Corporations Act 2001 (Cth) (Scheme), under which Pan African (through its wholly-
owned subsidiary Tennant Consolidated Mining Group Pty Ltd) acquired all of the issued share
capital of Emmerson Resources Limited (Emmerson).
Further to its announcement published on 26 June 2026, the Company confirms that it has issued
102,641,421 new PAF shares (in the form of ASX-listed PAF CHESS Depositary Interests (CDIs))
to eligible Emmerson shareholders (or their nominees) and the sale agent for the Scheme. For
further details regarding the sale agent and the sale facility, please refer to section 3.8 of the
Emmerson Scheme Booklet, dated 8 May 2026, which is available on the ASX platform and can be
accessed under Pan African's profile using the "PAF" share code through the following link
https://www.asx.com.au/markets/trade-our-cash-market/historical-announcements.
Johannesburg
1 July 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) 78 268 9556
Joint broker
Matthew Armitt/Jennifer Lee
Joh. Berenberg, Gossler & Co KG
(Berenberg)
Office: +44 (0)20 3207 7800
Date: 01-07-2026 04:00:00
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