KORE POTASH PLC - Draft non-binding financing Term Sheet received

Draft non-binding financing Term Sheet received

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
CDI ISIN: AU000000KP25
("Kore Potash" or the "Company")

28 April 2025

                           Draft non-binding financing Term Sheet received

Kore Potash (AIM: KP2, ASX: KP2, JSE: KP2, A2X: KP2), the potash development company with 97%
ownership of the Kola Potash Project ("Kola" or the "Kola Project") and Dougou Extension ("DX")
Potash Project in the Sintoukola Basin, located in the Republic of Congo ("RoC"), is pleased to announce
that, in line with previous communications, it has today received the draft financing proposal and
associated draft non-binding term sheets ("Term Sheets") for the Kola Project, from the Summit
Consortium ("Consortium").

The draft financing proposal and associated Term Sheets are comprehensive and cover the full funding
requirement for the development of the Kola Project, underpinned by a combination of royalty and
project finance components. Kore Potash has until 31 May 2025 to consider, negotiate if necessary
and settle on the terms, following which more specific and definitive information, as appropriate, will
be shared with the market.

The parties have agreed that no details of the proposed financing will be disclosed until the initial terms
set out in the Term Sheets have been finalised, agreed and executed.

The Company retains the right not to accept any finance proposal presented by the Consortium and
there is no guarantee that any final proposal or legally binding agreement will be forthcoming. The
Company provides no assurance to shareholders that the Consortium will provide the financing
required on terms which are deemed acceptable to the Company. If the Consortium does not provide
an acceptable financing package leading to binding legal documentation being entered into, the
Company will need to explore other debt, equity and structured finance alternatives

Further details about the financing arrangements will be notified to the market in accordance with the
Company's continuous disclosure obligations.

Enquiries:

Kore Potash                                Tel: +44 (0) 20 3963 1776
Andre Baya – CEO
Andrey Maruta - CFO

SP Angel – Nomad and Joint Broker          Tel: +44 (0) 20 7470 0470
Ewan Leggat
Charlie Bouverat
Grant Barker

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

Tavistock Communications                   Tel: +44 (0) 20 7920 3150
Emily Moss
Nick Elwes

Questco Corporate Advisory – JSE Sponsor   Tel: +27 (63) 482 3802
Doné Hattingh

Date: 29-04-2025 07:05:00
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