Major Shareholders

Pan African Resources Capital Structure as at 30 June 2017:

Shares in issue
2,234,687,537
Percentage of AIM Securities not in public hands38.19%

Major Shareholder Information:

Shareholder
Shares
%ISC
Shanduka Gold436,358,05819.53
Allan Gray Investment Management413,245,19518.49
Kagiso Asset Management94,924,5734.25
Investec Asset Management91,910,8654.08
Truffle Asset Management91,214,237
4.08
Prudential Investment Managers71,005,446
3.18