10 December 2021

Coro Energy plc

("Coro" or the "Company")

Issue of Equity and Total Voting Rights

Coro Energy plc, the South East Asian energy company, supporting the regional transition to a low carbon economy, announces that, consistent with its policy of preserving cash balances, it has issued  12,413,794 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares")  at an effective issue price of 0.29 pence per Ordinary Share, in settlement for fees for services provided to the Company by a third party service provider.  

Application has been made to the London Stock Exchange plc for the Ordinary Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 16 December 2021.

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, the following the issue of the shares, its issued ordinary share capital will comprise 2,124,035,967 ordinary shares. All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 2,124,035,967. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.