Kore Potash PLC Regulatory News (KP2)

11 May 2021

Kore Potash Plc

("Kore Potash" or the "Company")

Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Kore Potash plc, the potash development company whose flagship asset is the 97%-owned Sintoukola Potash Project, refers to its ASX announcement dated 8 April 2021 titled "Results of Proposed Fundraise" in relation to the issue of 460,310,392 new ordinary shares (Shares) in the capital of the Company (equivalent to 460,310,392 CHESS Depositary Interests (CDIs)) to certain eligible existing and new investors at £0.011 (equivalent to A$0.02) per Share, to raise approximately US$7 million under the second tranche of the placement announced to ASX on 8 April 2021 (Placement Shares).

Following shareholders approval at a General Meeting on 5 May 2021, the Company issued 2,000,000 Shares (equivalent to 2,000,000 CDIs), to 180Markets Pty Ltd for lead manager fees (Lead Manager Shares) as well as a further 92,226,614 Shares (equivalent to 92,226,614 CDIs) to Oman Investment Authority, an existing shareholder, at the same issue price of £0.011 (equivalent to A$0.02) to raise an additional US$1.4 million (OIA Shares). The Placement Shares and Lead Manager Shares were admitted to trading on 6 May 2021 with the OIA Shares admitted on 11 May 2021.

The Placement Shares, Lead Manager Shares as well as the OIA Shares, rank equally with the Company's existing ordinary shares on issue. On conversion of any of these Shares to CDIs, those CDIs will rank equally with all other CDIs on issue.

The Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) as modified by ASIC Class Order 14/827 (Corporations Act) that:

· the Placement Shares, the Lead Manager Shares and the OIA Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

· as at the date of this notice, the Company has complied with:

- section 601CK of the Corporations Act, as it applies to the Company; and

- section 674 of the Corporations Act; and

· as at the date of this notice, there is no "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed under section 708A(6)(e) of the Corporations Act.

Authorised for release by the Board of Directors.

ENDS

For further information, please visit www.korepotash.com or contact: