PAF.L

Pan African Resources Plc
Pan African Resources Plc - Results of General Meeting
10th June 2024, 14:00
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Pan African Resources PLCPan African Resources Funding Company

(Incorporated and registered in England and WalesLimited

under Companies Act 1985 with registeredIncorporated in the Republic of South
Africa

number 3937466 on 25 February 2000)with limited liability

Share code on AIM: PAFRegistration number: 2012/021237/06

Share code on JSE: PANAlpha code: PARI

ISIN: GB0004300496

ADR code: PAFRY

("Pan African" or "the Company" or "the Group")

RESULTS OF GENERAL MEETING

 1. RESULTS OF GENERAL MEETING

Pan African shareholders (Shareholders) are advised that at the general meeting
(GM) of Shareholders held on Monday, 10 June 2024, the special resolution, as
set out in the notice of GM dated 24 May 2024, was approved by the requisite
majority of Shareholders present or represented by proxy.

The total number of Pan African ordinary shares (Shares) eligible to vote at the
GM is 1,507,194,407 (being the entire issued share capital of the Company less
the 14,488,695 Shares in which the directors of the Company are interested and a
total of 701,178,944 Shares held by "substantial shareholders" (as defined in
the AIM Rules for Companies))(Eligible Shares).

The resolution proposed at the GM, together with the percentage of shares
abstained, as well as the percentage of votes carried for and against, was as
follows:

Resolution 1: To approve the cancellation of the Company's share premium account
and associated matters.

Shares Voted   Abstained  For            Against
               9,127,743  1,224,973,635  88,040
1,225,061,675
               0.61%      99.99%         0.01%
81.28%

Notes

  · Percentages of shares voted are calculated in relation to the Eligible
Shares.
  · Percentages of shares voted for and against each resolution are calculated
in relation to the total number of shares voted in respect of each resolution.
  · Abstentions are calculated as a percentage in relation to the Eligible
Shares.

Johannesburg

10 June 2024

+-----------------------------------------------+---------------------------+
|Corporate information                                                      |
+-----------------------------------------------+---------------------------+
|Corporate office                               |Registered office          |
|                                               |                           |
|The Firs Building                              |2nd Floor                  |
|                                               |                           |
|2nd Floor, Office 204                          |107 Cheapside              |
|                                               |                           |
|Cnr. Cradock and Biermann Avenues              |London                     |
|                                               |                           |
|Rosebank, Johannesburg                         |EC2V 6DN                   |
|                                               |                           |
|South Africa                                   |United Kingdom             |
|                                               |                           |
|Office: + 27 (0)11 243 2900                    |Office: + 44 (0)20 7796    |
|                                               |8644                       |
|info@paf.co.za                                 |                           |
|                                               |info@paf.co.za             |
+-----------------------------------------------+---------------------------+
|Chief executive officer                        |Financial directorand debt |
|                                               |officer                    |
|Cobus Loots                                    |                           |
|                                               |Deon Louw                  |
|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                              |Nominated adviser and joint|
|                                               |broker                     |
|Jane Kirton                                    |                           |
|                                               |Ross Allister/Georgia      |
|St James's Corporate Services Limited          |Langoulant                 |
|                                               |                           |
|Office: + 44 (0)20 7796 8644                   |Peel Hunt LLP              |
|                                               |                           |
|                                               |Office: +44 (0)20 7418 8900|
+-----------------------------------------------+---------------------------+
|JSE Sponsor and JSE debt sponsor               |Joint broker               |
|                                               |                           |
|Ciska Kloppers                                 |Thomas Rider/Nick Macann   |
|                                               |                           |
|Questco Corporate Advisory Proprietary Limited |BMO Capital Markets Limited|
|                                               |                           |
|Office: + 27 (0)11 011                         |Office: +44 (0)20 7236 1010|
|9200 (https://www.google.co.za/search?q=questco|                           |
|&rlz=1C1EJFC_enZA816ZA818&oq=q                 |                           |
|uestco&aqs=chrome..69i57j0l5.1                 |                           |
|159j0j4&sourceid=chrome&ie=UTF-8)              |                           |
+-----------------------------------------------+---------------------------+
|                                               |Joint broker               |
|                                               |                           |
|                                               |Matthew Armitt/Jennifer Lee|
|                                               |                           |
|                                               |Joh. Berenberg, Gossler &  |
|                                               |Co KG                      |
|                                               |                           |
|                                               |Office: +44 (0)20 3207 7800|
+-----------------------------------------------+---------------------------+

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