Page 158 - Profile's Stock Exchange Handbook - 2026 Issue 1

JSE - OUT Profile’s Stock Exchange Handbook: 2026 - Issue 1
OUTsurance Group Ltd. Pan African Resources plc
ISIN: ZAE000314084 SHORT: OUTSURE CODE: OUT ISIN: GB0004300496 SHORT: PAN-AF CODE: PAN
REG NO: 2010/005770/06 FOUNDED: 2011 LISTED: 2011 REG NO: 3937466 FOUNDED: 2000 LISTED: 2007
NATURE OF BUSINESS: The OUTsurance Group is a multinational NATURE OF BUSINESS: Pan African is an internationally expanding
insurance group that specialises in Property and Casualty (P&C) mid-tier gold producer. Our shares trade on the following markets:•
insurance. The OUTsurance Group is a multinational insurance In South Africa through a primary listing on the Main Board of the
group that specialises in Property and Casualty (P&C) insurance. JSE (ticker: PAN) and a secondary listing on the A2X Market (A2X)•
OUTsurance was founded in 1998 by three entrepreneurs and In the UK on the AIM of the LSE (ticker: PAF), with the intention
backed by the RMB Holdings Group. The Group’s activities are to migrate to the Equity Shares Commercial Companies (ESCC)
focused on the South African and Australian insurance markets segment of the Main Market• In the United States of America (USA)
with the recent expansion into the Republic of Ireland. on the OTCQX Best Market (OTCQX) through a Level 1 American
SECTOR: Fins--Insurance--Non-life Insurance--Full Line Insurance Depository Receipt (ADR) programme sponsored by the Bank of
NUMBER OF EMPLOYEES: 7 868 New York Mellon (ticker: PAFRY) and ordinary shares (ticker: PAFRF).
DIRECTORS: Kekana A (ne), Knoetze F (alt), Lucht U (alt), Mahlare M M SECTOR: Basic Materials--Basic Resrcs--Precious Met & Min--Gold Min
(ind ne), Moabi T (ind ne), Naidoo S (ind ne), Ndlovu R (ind ne), Pillay K NUMBER OF EMPLOYEES: 2 494
(ld ind ne), Roos W T (ind ne), Teeger J (ind ne), van Heerden H (ind ne), DIRECTORS: Earp D (ld ind ne), Mosololi T F (ind ne), Needham C D S
Visser M (CEO), Hofmeyr J (FD), Bosman H L (Chair, ne), Durand J J (ne) (ind ne), Themba Y (ind ne), Spencer K C (Chair, ind ne), Loots C (CEO),
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2025 Kok M (FD)
Remgro 30.30% MAJOR ORDINARY SHAREHOLDERS as at 6 Jan 2026
Royal Bafokeng Holdings (Pty) Ltd. 12.70% Allan Gray Investment Management 19.63%
Public Investment Corporation 9.60% PAR Gold (Pty) Ltd. 13.78%
POSTAL ADDRESS: PO Box 8443, Centurion, 0046 Public Investment Corporation (SOC) Ltd. 13.40%
MORE INFO: www.sharedata.co.za/sdo/jse/OUT POSTAL ADDRESS: PO Box 2768, Pinegowrie, 2123
COMPANY SECRETARY: J S Human MORE INFO: www.sharedata.co.za/sdo/jse/PAN
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. COMPANY SECRETARY: St James’s Corporate Services (Jane Kirton)
SPONSOR: Rand Merchant Bank (A division of FirstRand Bank Ltd.) TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
AUDITORS: KPMG SPONSOR: Questco (Pty) Ltd.
CAPITAL STRUCTURE Authorised Issued AUDITORS: PwC LLP
OUT Ords 0.01c ea 2 000 000 000 1 547 620 166 CAPITAL STRUCTURE Authorised Issued
DISTRIBUTIONS [ZARc] PAN Ords GBP1p ea - 2 333 671 529
Ords 0.01c ea Ldt Pay Amt DISTRIBUTIONS [GBPp]
Final No 29 14 Oct 25 20 Oct 25 149.00 Ords GBP1p ea Ldt Pay Amt
Special No 5 14 Oct 25 20 Oct 25 33.10 Final No 15 25 Nov 25 9 Dec 25 1.64
LIQUIDITY: Jan26 Avg 15m shares p.w., R1 046.5m(48.8% p.a.) Final No 14 26 Nov 24 10 Dec 24 0.96
LIQUIDITY: Jan26 Avg 39m shares p.w., R560.1m(86.4% p.a.)

FINANCIAL STATISTICS
Jun 25 Jun 24 Jun 23 Jun 22 Jun 21 FINANCIAL STATISTICS
(R million)
Final Final Final(rst) Final(rst) Final(rst) (USD ‘000) Jun 25 Jun 24 Jun 23 Jun 22 Jun 21
Total Premiums 37 131 31 913 26 833 23 532 20 570 Final Final Final(rst) Final(rst) Final(rst)
Inc Fm Inv 287 290 208 320 152 Turnover 540 033 373 796 319 892 376 371 368 915
Total Income 38 335 32 642 26 413 21 329 18 621 Op Inc 215 850 119 307 94 182 111 574 111 753
Total Outgo 31 374 26 937 21 481 18 775 16 752 NetIntPd(Rcvd) 19 217 9 900 9 116 4 231 6 920
Minority Int 512 430 437 495 329 Minority Int - 992 - 552 - 402 - 185 -
Attrib Inc 4 707 4 061 2 980 22 396 2 893 Att Inc 141 597 79 378 60 918 75 137 74 692
TotCompInc/Loss 4 699 4 145 4 057 22 395 1 892 TotCompInc/Loss 155 554 90 449 19 746 35 756 118 066
Ord SH Int 14 545 14 085 13 358 11 487 27 238 Fixed Ass 824 450 567 588 395 247 355 802 346 922
Minority Int 1 399 1 302 1 568 1 465 1 776 Inv & Loans - 3 373 - 1 127 1 064
Long-Term Liab 2 292 2 440 2 756 136 292 Tot Curr Ass 105 457 60 393 58 923 53 114 84 558
Cap Employed 18 394 18 010 28 026 13 117 41 090 Ord SH Int 548 825 365 217 292 483 292 356 283 631
Fixed Assets 1 205 1 205 1 198 1 065 1 056 Minority Int - 2 157 - 1 114 - 527 - 171 -
Current Assets 3 732 3 015 2 612 8 050 6 959 LT Liab 281 970 237 104 135 385 103 079 93 482
Current Liab 20 255 16 247 1 535 17 263 12 974 Tot Curr Liab 175 871 84 864 77 386 58 989 105 978
PER SHARE STATISTICS (cents per share) PER SHARE STATISTICS (cents per share)
HEPS-C (ZARc) 298.30 230.40 193.40 95.00 119.60 HEPS-C (ZARc) 107.02 77.65 55.80 59.81 59.60
DPS (ZARc) 237.60 214.40 143.30 131.25 45.00 DPS (ZARc) 37.00 22.00 18.00 18.00 18.00
NAV PS (ZARc) 940.07 916.08 871.70 749.80 1 777.94 NAV PS (ZARc) 477.48 345.61 286.78 250.22 210.06
3 Yr Beta 0.40 0.31 0.30 0.71 0.85 3 Yr Beta 0.64 0.69 0.84 1.35 1.12
Price Prd End 7 833 4 642 3 399 2 784 1 690 Price High 1 264 640 485 476 642
Price High 8 129 4 725 3 759 2 948 1 852 Price Low 599 293 283 295 311
Price Low 4 473 3 356 2 645 1 610 1 512 Price Prd End 1 109 605 303 394 341
RATIOS RATIOS
Ret on SH Fund 32.73 29.19 22.89 176.74 11.10 Ret on SH Fnd 25.72 21.65 20.73 25.65 26.33
Ret on Tot Ass 19.45 18.04 18.31 10.11 4.08 Oper Pft Mgn 39.97 31.92 29.44 29.64 30.29
Debt:Equity 0.14 0.16 0.18 0.01 0.01 D:E 0.67 0.66 0.50 0.36 0.44
Solvency Mgn% 43.98 50.34 60.08 61.04 153.42 Current Ratio 0.60 0.71 0.76 0.90 0.80
Payouts:Prem 0.79 0.82 0.80 0.53 0.53 Div Cover 3.52 3.52 3.14 3.30 3.31

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