3 January 2024

African Pioneer Plc

                                                ("African Pioneer" or the "Company")                    

Director's Dealings & Shareholder Interest

African Pioneer (TIDM: AFP), the copper-gold exploration and development company, announces that it has been notified by M&A Wealth Pty Ltd, a member of the Concert Party, that on 29 December 2023 and 3 January 2024 it has sold a total of 1,125,000 ordinary shares of no par value each in the Company ("Shares") ("Share Sale") reducing its shareholding in the Company to 1,875,000 Shares representing 0.82% of the Company's issued share capital ("Total Voting Rights"). Of the Shares sold by M&A Wealth 375,000 Shares representing in aggregate 0.164% of the Total Voting Rights were acquired by the Company's Director Colin Bird at 1.6 pence ("Director's Share Purchase"). As a result of the Share Sale and the Director's Share Purchase, the aggregated Concert Party interest has reduced from 44.8% to 44.49%.    

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

For further information, please contact:

or visit   https://africanpioneerplc.com/