Pan African Resources PLCLSE: PAF

Pan African Resources: CDI Monthly Movement

· Issued by Pan African Resources PLC

Summary by 6ix AI

Pan African Resources PLC, which is listed in London, Johannesburg and on the Australian Securities Exchange (ASX), said the number of its ASX-quoted CHESS Depositary Interests (CDIs, Australian-traded units each representing one ordinary share) fell by 9,874,898 during September 2026.

Key details

  • CDIs on issue went from 61,780,474 on August 31, 2026 to 51,905,576 on September 30, 2026.
  • The change came from transfers between CDIs quoted on the ASX and ordinary shares quoted on the London Stock Exchange (LSE) and Johannesburg Stock Exchange (JSE), which the ASX requires to be reported at least monthly.
  • Ordinary shares over which CDIs have not been issued rose by 9,874,898, from 2,374,532,476 at the end of August 2026 to 2,384,407,374 at the end of September 2026.

6ix AI wrote this summary from the release below and checked it against the release.

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 LSE: PAF Share code on JSE: PAN Share code on ASX: PAF ISIN: GB0004300496

ADR ticker code: PAFRY

(‘Pan African’ or ‘PAF’ 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

CDI MONTHLY MOVEMENT

Pan African Resources PLC (ASX: PAF; LSE: PAF; JSE: PAN) advises the following movements in ASX-listed CHESS Depositary Interests over the Company’s ordinary shares (“CDIs”) during September 2026:

Balance – 31 August 2026

61,780,474

Net Movement *

(9,874,898)

Balance – 30 September 2026

51,905,576

* Increase/(Decrease) in the number of CDIs quoted on ASX as a result of transfers between CDIs quoted on ASX and ordinary shares quoted on the LSE and JSE, as required by the ASX to be reported on a minimum monthly basis.

A copy of the Appendix 4A lodged with the ASX is attached below. Johannesburg

7 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

Office: + 27 (0)11 243 2900

info@paf.co.za

Chief executive Officer

Cobus Loots

Office: + 27 (0)11 243 2900

Financial director and debt officer

Marileen Kok

Office: + 27 (0)11 243 2900

Head: Investor relations

Hethen Hira

Tel: + 27 (0)11 243 2900

E-mail: hhira@paf.co.za

Website: www.panafricanresources.com

Company secretary

Joint broker

Jane Kirton

St James's Corporate Services Limited

Office: + 44 (0)20 3869 0706

Ross Allister/Georgia Langoulant

Peel Hunt LLP

Office: +44 (0)20 7418 8900

JSE sponsor and JSE debt sponsor

Ciska Kloppers

Questco Corporate Advisory Proprietary Limited

Office: + 27 (0) 78 286 9556

Joint broker

Thomas Rider/Nick Macann BMO Capital Markets Limited Office: +44 (0)20 7236 1010

Joint broker

Matthew Armitt/Jennifer Lee

Joh. Berenberg, Gossler & Co KG (Berenberg)

Office: +44 (0)20 3207 7800

Part 1 - Entity and announcement details

1.1  Name of +Entity

PAN AFRICAN RESOURCES PLC

1.2  Registered Number Type

ARBN

Registration Number

696435917

1.3  ASX issuer code

PAF

1.4  The announcement is

New announcement

1.5  Date of this announcement

7/10/2026

Part 2 - Details of +CDIs and other +securities on issue

2.1  Statement for month and year

September-2026

2.2                         a Number and class of all +CDIs issued over quoted +securities

ASX Security Code and Description

PAF : CDI 1:1 FOREIGN EXEMPT LSE

+CDI Ratio

1:1

Total number of +CDIs issued over quoted +securities at end of statement month (A):

51,905,576


Total number of +CDIs issued over quoted +securities at end of previous month (B):

61,780,474


Net Difference (A-B)

-9,874,898

Reason for change:

Ordinary share

Net transfers of securities between CDIs and

as quoted / held on

If the total number of +CDIs issued over quoted +securities at the end of the statement month, is greater than the total number of +CDIs issued over quoted +securities for which the entity has previously paid an initial listing fee or an additional listing fee under Table 1A and 1C of Guidance Note 15A, the entity hereby applies for +quotation of the relevant securities and agrees to the matters set out in Appendix 2A of the ASX Listing Rules.

2.2b Number and class of all +securities on issue over which +CDIs have not been issued

ASX Security Code and Description

PAFAA : COMMON STOCK

Total number of +securities at end of statement month (A)

2,384,407,374


Total number of +securities at end of previous month (B)

2,374,532,476


Net Difference (A-B)

9,874,898

Reason for change:




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