Kore Potash PLC Regulatory News (KP2)

4 April 2018

Market Announcements Office

Australian Securities Exchange

Level 40, Central Park

152-158 St Georges Terrace

PERTH WA 6000

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

Kore Potash plc (ASX: KP2) (Company) refers to the ASX announcement dated 26 March 2018 in relation to the issue of 83,523,344 new ordinary shares (Shares) in the capital of the Company (equivalent to 83,523,344 CHESS Depositary Interests (CDIs)) to existing and new investors at A$0.20 per Share to raise US$12.89 million (Placement Shares).

The Placement Shares were issued on 29 March 2018 and rank equally with the Company's existing ordinary shares on issue. On conversion of the Placement Shares to CDIs, those CDIs will rank equally with all other CDIs on issue.

The Company also notes the issue of a further 4,315,333 Shares (equivalent to 4,315,333 CDIs) to Canaccord Genuity Ltd and Rencap Securities (Pty) Limited at A$0.12 per Share, for a total of A$517,840, as part of their placing fees for the Placement Shares (Placing Fee Shares). The Placing Fee Shares were issued under the Company's existing 15% placement capacity under Listing Rule 7.1.

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

- the Placement Shares and Placing Fee 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 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.

Yours faithfully

Kore Potash plc

Sean Bennett

CEO and Managing Director