Kropz Plc Regulatory News (KRPZ)

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10 June 2020

Kropz Plc

("Kropz" or the "Company")

Equity Facility Draw Down Update 

Kropz Plc (AIM: KRPZ), an emerging African phosphate explorer and developer, advises that, further to the announcements on 13 and 29 May 2020, where Kropz entered into a conditional convertible equity facility of up to US$ 40 million (not exceeding a maximum of ZAR 680 million) ("Equity Facility") with the ARC Fund, the Company's major shareholder, it now expects to make its first draw down of the Equity Facility during the next week.

Following the passing of the required resolutions at the Company's General Meeting on 29 May 2020, the first drawn down was expected to take place on 10 June 2020. The slight postponement is due to administration delays in satisfying all of the conditions precendent to the Equity Facility.

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About Kropz

Kropz is an emerging African phosphate explorer and developer, with an advanced stage phosphate project in South Africa and a phosphate project in the Republic of Congo. The vision of the Group is to become a leading independent phosphate rock producer and to develop into an integrated, mine-to-market plant nutrient company focusing on sub-Saharan Africa.

ENDS