Oracle Power Regulatory News (ORCP)

17 August 2020

Oracle Power Plc / EPIC: ORCP / Market: AIM / Sector: Mining

Oracle Power PLC

("Oracle", the "Company" or the "Group")

Conversion notice and issue of equity

Total voting rights

Oracle (AIM: ORCP) announces that it has received a conversion notice from the Investors in respect of £100,000 of the £1.5 million Share Subscription announced on the 9 July 2020.

Accordingly, pursuant to the conversion, the Company has issued, in aggregate, 17,189,218 new ordinary shares of 0.1p in the capital of the Company ("Ordinary Shares") to the Investors (the "Investor Shares").

Following the conversion, £1.4 million remains outstanding for conversion under the Share Subscription.

The Investor Shares will rank pari passu in all respects with the existing Ordinary Shares. Application will be made to the London Stock Exchange plc for the admission of the Investor Shares to trading on AIM ("Admission"). It is anticipated that Admission will occur at 8.00 a.m. on AIM on or around 20 August 2020 ("Admission").

Following Admission, the Company's issued share capital will comprise 1,997,102,369 Ordinary Shares. As the Company does not hold any shares in treasury, this figure of 1,997,102,369 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless defined herein, or the context requires otherwise, capitalised terms used in this announcement carry the same meaning as those ascribed to them in the Company's announcement of 9 July 2020.

**ENDS**

For further information:

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.