Oracle Power Regulatory News (ORCP)

Oracle Power PLC

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

16 November 2020

Conversion Notice

and

Total Voting Rights

Oracle (AIM: ORCP), the AIM listed natural resources and power project developer, announces that it has received a conversion notice from the Investors in respect of a further £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, 18,441,678 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") to the Investors (the "Investor Shares").

Following the conversion, £800,000 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 or around 20 November 2020.

Following Admission, the Company's issued share capital will comprise 2,146,862,217 Ordinary Shares. As the Company does not hold any shares in treasury, this figure of 2,146,862,217 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*

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