4 September 2023

African Pioneer Plc

                                                ("African Pioneer" or the "Company")                    

Directors' Dealings & Shareholder Interest

African Pioneer (TIDM: AFP), the copper-gold exploration and development company, announces that it has been notified by Wilhelm Shali, a member of the Concert Party, that on 29 August 2023 he has sold 3,333,335  ordinary shares of no par value each in the Company ("Shares") ("Share Sale") at 1.8 pence per Share reducing his shareholding in the Company to 3,657,817 Shares representing 1.6% of the Company's issued share capital ("Total Voting Rights"). Of the Shares sold by Wilhelm Shali 2,222,223 Shares representing in aggregate 0.97% of the Total Voting Rights were acquired by the Company's Directors Colin Bird (833,334 Shares for £15,000), Raju Samtani (555,556 Shares for £10,000) and Kjeld Thygesen (833,334 Shares for £15,000) ("Directors' Share Purchases"). As a result of the Share Sale and the Directors' Share Purchases, the aggregated Concert Party interest has been reduced from 45.3% to 44.8%.    

Directors' updated shareholdings: The table below shows the current shareholdings of Directors and their related parties and their shareholdings as a percentage of Total Voting Rights after the Directors' Share Purchases:

For further information, please contact:

or visit   https://africanpioneerplc.com/