Wrap Text
TR-1: Standard form for notification of major holdings
Pan African Resources PLC Pan African Resources Funding Company Limited
(Incorporated and registered in England and Wales Incorporated in the Republic of South Africa with
under the Companies Act 1985 with registered number limited liability
3937466 on 25 February 2000) Registration number: 2012/021237/06
Share code on LSE: PAF Alpha code: PARI
Share code on JSE: PAN
Share code on ASX: PAF
ISIN: GB0004300496
ADR ticker code: PAFRY
(‘Pan African’ or ‘PAF’ or the ‘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
BlackRock, Inc.
City of registered office (if applicable)
Wilmington
Country of registered office (if applicable)
USA
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject
to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
19-Oct-2026
6. Date on which Issuer notified
20-Oct-2026
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number of
rights attached through financial in % (8.A + voting rights held
to shares (total instruments (total 8.B) in issuer
of 8.A) of 8.B 1 + 8.B 2)
Resulting 2.860000 2.140000 5.000000 122091613
situation on the
date on which
threshold was
crossed or
reached
Position of N/A N/A N/A
previous
notification (if
applicable)
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of Number of direct Number of indirect % of direct % of indirect voting
shares ISIN voting rights voting rights voting rights rights (DTR5.2.1)
code(if possible) (DTR5.1) (DTR5.2.1) (DTR5.1)
GB0004300496 69855334 2.860000
Sub Total 8.A
69855334 2.860000%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial Expiration date Exercise/conversion Number of voting % of voting
instrument period rights that may be rights
acquired if the
instrument is
exercised/converted
Securities 52215903 2.140000
Lending
Sub Total 8.B1
52215903 2.140000%
8B2. Financial Instruments with similar economic effect according
to (DTR5.3.1R.(1) (b))
Type of Expiration Exercise/conversion Physical or cash Number of % of voting
financial date period settlement voting rights rights
instrument
CFD Cash 20376 0.000000
Sub Total 8.B2
20376 0.000000%
9. Information in relation to the person subject to the notification
obligation
2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)
Ultimate Name of controlled % of voting % of voting rights Total of both if
controlling person undertaking rights if it through financial it equals or is
equals or is instruments if it higher than
higher than the equals or is higher the notifiable
notifiable than the notifiable threshold
threshold threshold
BlackRock, BlackRock Saturn
Inc. (Chain Subco, LLC
1)
BlackRock, BlackRock
Inc. (Chain Finance, Inc.
1)
BlackRock, BlackRock Holdco
Inc. (Chain 2, Inc.
1)
BlackRock, BlackRock
Inc. (Chain Financial
1) Management, Inc.
BlackRock, BlackRock
Inc. (Chain International
1) Holdings, Inc.
BlackRock, BR Jersey
Inc. (Chain International
1) Holdings L.P.
BlackRock, BlackRock Holdco
Inc. (Chain 3, LLC
1)
BlackRock, BlackRock
Inc. (Chain Cayman 1 LP
1)
BlackRock, BlackRock
Inc. (Chain Cayman West Bay
1) Finco Limited
BlackRock, BlackRock
Inc. (Chain Cayman West Bay
1) IV Limited
BlackRock, BlackRock Group
Inc. (Chain Limited
1)
BlackRock, BlackRock
Inc. (Chain Investment
1) Management (UK)
Limited
BlackRock, BlackRock Saturn
Inc. (Chain Subco, LLC
2)
BlackRock, BlackRock
Inc. (Chain Finance, Inc.
2)
BlackRock, BlackRock Holdco
Inc. (Chain 2, Inc.
2)
BlackRock, BlackRock
Inc. (Chain Financial
2) Management, Inc.
BlackRock, BlackRock Holdco
Inc. (Chain 4, LLC
2)
BlackRock, BlackRock Holdco
Inc. (Chain 6, LLC
2)
BlackRock, BlackRock
Inc. (Chain Delaware
2) Holdings Inc.
BlackRock, BlackRock
Inc. (Chain Institutional Trust
2) Company,
National
Association
BlackRock, BlackRock Saturn
Inc. (Chain Subco, LLC
3)
BlackRock, BlackRock
Inc. (Chain Finance, Inc.
3)
BlackRock, BlackRock Holdco
Inc. (Chain 2, Inc.
3)
BlackRock, BlackRock
Inc. (Chain Financial
3) Management, Inc.
BlackRock, BlackRock Holdco
Inc. (Chain 4, LLC
3)
BlackRock, BlackRock Holdco
Inc. (Chain 6, LLC
3)
BlackRock, BlackRock
Inc. (Chain Delaware
3) Holdings Inc.
BlackRock, BlackRock Fund
Inc. (Chain Advisors
3)
BlackRock, BlackRock Saturn
Inc. (Chain Subco, LLC
4)
BlackRock, BlackRock
Inc. (Chain Finance, Inc.
4)
BlackRock, BlackRock Holdco
Inc. (Chain 2, Inc.
4)
BlackRock, BlackRock
Inc. (Chain Financial
4) Management, Inc.
BlackRock, BlackRock Saturn
Inc. (Chain Subco, LLC
5)
BlackRock, BlackRock
Inc. (Chain Finance, Inc.
5)
BlackRock, BlackRock Holdco
Inc. (Chain 2, Inc.
5)
BlackRock, BlackRock
Inc. (Chain Financial
5) Management, Inc.
BlackRock, BlackRock
Inc. (Chain International
5) Holdings, Inc.
BlackRock, BR Jersey
Inc. (Chain International
5) Holdings L.P.
BlackRock, BlackRock Holdco
Inc. (Chain 3, LLC
5)
BlackRock, BlackRock
Inc. (Chain Cayman 1 LP
5)
BlackRock, BlackRock
Inc. (Chain Cayman West Bay
5) Finco Limited
BlackRock, BlackRock
Inc. (Chain Cayman West Bay
5) IV Limited
BlackRock, BlackRock Group
Inc. (Chain Limited
5)
BlackRock, BlackRock
Inc. (Chain (Netherlands)
5) B.V.
BlackRock, BlackRock Asset
Inc. (Chain Management
5) Deutschland AG
BlackRock, BlackRock Saturn
Inc. (Chain Subco, LLC
6)
BlackRock, BlackRock
Inc. (Chain Finance, Inc.
6)
BlackRock, BlackRock Holdco
Inc. (Chain 2, Inc.
6)
BlackRock, BlackRock
Inc. (Chain Financial
6) Management, Inc.
BlackRock, BlackRock
Inc. (Chain International
6) Holdings, Inc.
BlackRock, BlackRock Canada
Inc. (Chain Holdings ULC
6)
BlackRock, BlackRock Asset
Inc. (Chain Management
6) Canada Limited
BlackRock, BlackRock Saturn
Inc. (Chain Subco, LLC
7)
BlackRock, BlackRock
Inc. (Chain
7) Finance, Inc.
BlackRock, BlackRock Holdco
Inc. (Chain 2, Inc.
7)
BlackRock, BlackRock
Inc. (Chain Financial
7) Management, Inc.
BlackRock, BlackRock
Inc. (Chain International
7) Holdings, Inc.
BlackRock, BR Jersey
Inc. (Chain International
7) Holdings L.P.
BlackRock, BlackRock Holdco
Inc. (Chain 3, LLC
7)
BlackRock, BlackRock
Inc. (Chain Cayman 1 LP
7)
BlackRock, BlackRock
Inc. (Chain Cayman West Bay
7) Finco Limited
BlackRock, BlackRock
Inc. (Chain Cayman West Bay
7) IV Limited
BlackRock, BlackRock Group
Inc. (Chain Limited
7)
BlackRock, BlackRock
Inc. (Chain Advisors (UK)
7) Limited
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
If date does not apply, explain below
11. Additional Information
BlackRock Regulatory Threshold Reporting Team
Jana Blumenstein
020 7743 3650
12. Date of Completion
20th October 2026
13. Place Of Completion
12 Throgmorton Avenue, London, EC2N 2DL, U.K.
Johannesburg
20 October 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) 78 286 9556
Joint broker
Matthew Armitt/Jennifer Lee
Joh. Berenberg, Gossler & Co KG
(Berenberg)
Office: +44 (0)20 3207 7800
Date: 20/10/2026 04:30:00
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