Investor Presentaiton

CORPORATE OVERVIEW AS AT 9 FEBRUARY 2021 • JSE (PAN) • AIM (PAF) SHARE PRICE AND MARKET CAPITALISATION PAF SHARE PRICE PERFORMANCE VS RELEVANT GLOBAL INDICES (PAST 12 MONTHS) • • • • • 12 month change ADR (PAFRY) 20:1 Market Capitalisation Shares Outstanding Treasury Shares • Shares in market 306m MAJOR SHAREHOLDERS ZAR473cps 25,00 GBP23,5P +97% US$6,15 20,00 US$720m 2,235m 1,929m • Adjusted EBITDA US$76,4m 10,00 • Net Debt US$65,2m . Allan Gray IM (SA) 25% • PAR Gold (SA) 14% . Ninety One AM (Investec) (SA) 6% • Ruffer (UK) 5% • PIC (SA) 5% Source: Peel Hunt 5,00 Jan-20 15,00 Feb-20 Mar-20 Apr-20 PAF FTSE AIM All Share Philadelphia Index ⚫FTSE 100 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 FTSE Gold Mines FTSE AIM BASIC Resources NYSE Gold Bugs Jan-21 39 PAF

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