TR-1: Standard form for notification of major holdings 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”) TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer Kore Potash Plc of existing shares to which voting rights are ISIN: GB00BYP2QJ94 attachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights x An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name Harlequin Investments Limited City and country of registered office (if applicable) Nevis 4. Full name of shareholder(s) (if different from 3.)v Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or 16/03/2018 reachedvi: 6. Date on which issuer notified (DD/MM/YYYY): 26/04/2018 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights Total number of through financial Total of both in % attached to shares voting rights of instruments (8.A + 8.B) (total of 8. A) issuervii (total of 8.B 1 + 8.B 2) Resulting situation on the date on which threshold was 12.05% - 12.05% 103,500,000 crossed or reached Position of previous notification (if applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares Class/type of Number of voting rightsix % of voting rights shares ISIN code (if Direct Indirect Direct Indirect (Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive possible) 2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC) (DTR5.2.1) (DTR5.2.1) GB00BYP2QJ94 103,500,000 0 12.05% 0 SUBTOTAL 8. A 103,500,000 12.05% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting rights Type of financial Expiration Exercise/ that may be acquired if % of voting rights instrument datex Conversion Periodxi the instrument is exercised/converted. 15/11/201 Unlisted Warrants 649,415 0.08% 9 SUBTOTAL 8. B 1 649,415 0.08% B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Type of Exercise/ Physical or Expiration Number of financial Conversion cash % of voting rights datex voting rights instrument Period xi settlementxii SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii x Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) % of voting rights % of voting rights if it through financial Total of both if it equals equals or is higher Namexv instruments if it equals or is higher than the than the notifiable or is higher than the notifiable threshold threshold notifiable threshold 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional informationxvi Place of completion Guernsey Date of completion 19/04/2018 Annex: Notification of major holdings (to be filed with the FCA only) A: Identity of the person subject to the notification obligation Full name (including legal form for legal entities) Harlequin Investments Limited PO Box 598, Dixcart House, Fort Charles, Charlestown, Contact address (registered office for legal entities) Nevis E-Mail Bruce.watterson@dixcart.com / gary.torode@dixcart.com Phone number / Fax number +44 (0) 1481 738700 / 738701 Other useful information (at least legal representative for legal persons) B: Identity of the notifier, if applicable Full name Contact address E-Mail Phone number / Fax number Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) C: Additional information Please send the completed form together with this annex to the FCA at the following email address: Majorshareholdings@fca.org.uk. Please send in Microsoft Word format if possible. 26 April 2018 JSE Sponsor: Rencap Securities (Pty) Limited Date: 26/04/2018 04:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.