KORE POTASH PLC - Cleansing notice

Cleansing notice

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”)

                                   ASX Cleansing Announcement

This announcement has been lodged in accordance with Australian law.

Kore Potash plc, the potash development company whose flagship asset is the 97%-owned Sintoukola
Potash Project, (Company) refers to its ASX announcement dated 9 April 2021 titled “Results of
Proposed Fundraise” in relation to the issue of 363,165,226 new ordinary shares (Shares) in the capital
of the Company (equivalent to 363,165,226 CHESS Depositary Interests (CDIs)) to certain eligible
existing and new investors at £0.011 (equivalent to A$0.02) per Share to raise approximately US$5.5
million under the first tranche of the placement announced to ASX on 8 April 2021 (Placement Shares).
The Placement Shares were admitted to trading on 14 April 2021.

The Company also issued 2,353,296 Shares (equivalent to 2,353,296 CDIs), comprising 1,103,296
Shares issued to certain Non-Executive Directors in lieu of cash fees (Director Remuneration Shares)
and 1,250,000 Shares following unconditional vesting on 29 March 2021 of certain performance rights
(Performance Rights Shares). The Director Remuneration Shares and Performance Rights Shares were
issued on 9 April 2021.

The Placement Shares, as well as the Director Remuneration Shares and the Performance Rights
Shares, rank equally with the Company’s existing ordinary shares on issue. On conversion of any of
these Shares to CDIs, those CDIs will rank equally with all other CDIs on issue.

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

•   the Placement Shares, the Director Remuneration Shares and the Performance Right 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 of the Corporations Act, as it applies to the Company; 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.


Authorised for release by the Board of Directors.

14 April 2021

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


Kore Potash                                                     Tel: +27 11 469 9140
Brad Sampson – CEO

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

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

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

Questco Corporate Advisory – JSE Sponsor                        Tel: +27 (11) 011 9208
Mandy Ramsden

Date: 14-04-2021 10:30:00
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