KORE POTASH PLC - Confirmation of participation in Proposed Fundraise

Confirmation of participation in Proposed Fundraise

Kore Potash plc
(Incorporated in England and Wales)
Registration number 10933682
ASX share code: KP2
AIM share code: KP2
JSE share code:KP2
ISIN: GB00BYP2QJ94
(“Kore Potash” or the “Company”)

                                        Confirmation of participation in Proposed Fundraise

Kore Potash, the potash exploration and development company, is pleased to report that as a result of its
close period ending, the Company’s significant shareholders, Sociedad Quimica y Minera de Chile S.A.
("SQM"), Princess Aurora Company Pte Ltd ("OIA”) and Chairman, David Hathorn, have confirmed their
participation in the proposed fundraise announced on 26 August 2020 (the “Proposed Fundraise”). Their
participation in the Proposed Fundraise is set out below and is subject to the passing of the shareholder
resolutions at the General Meeting of the Company to be held on 18 September 2020:


                                                                    Number of existing                       Number of New
 Shareholder                                                          Ordinary Shares                        Ordinary Shares
 OIA                                                                         304,223,209                           265,435,349
        1
 SQM                                                                         296,896,737                           260,598,591
 David Hathorn                                                                 54,457,146                            58,719,906
Note: 1) SQM’s total number of ordinary shares upon completion of the Proposed Fundraise includes the Deferred Technical Services Agreement
Shares. The full allotment of the Deferred Technical Services Agreement Shares is conditional on the completion of works pursuant to the Technical
Services Agreement.


In addition, the Company has entered into the Technical Services Agreement with SQM for SQM to provide
certain services to the Company (as described in the announcement on 25 August 2020).

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

8 September 2020
JSE Sponsor: Rencap Securities (Pty) Limited
  Kore Potash                                                                           Tel: +27 11 469 9140

  Brad Sampson – CEO

  Tavistock Communications                                                              Tel: +44 (0) 20 7920 3150
  Jos Simson
  Edward Lee

  Canaccord Genuity – Nomad and Broker                                                  Tel: +44 (0) 20 7523 4600
  James Asensio
  Henry Fitzgerald-O’Connor

  Shore Capital – Joint Broker                                                          Tel: +44 (0) 20 7408 4050
  Jerry Keen
  Toby Gibbs
  James Thomas
                                                                   **END**

Date: 08-09-2020 08:15:00
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