Corcel PLC

("Corcel" or the "Company")

Fundraising Completion

26 October 2022

Further to the announcement of 25 October 2022 regarding the subscription by Shandong New Power COSMO AMT ("NPC"), the Company confirms that the placing funds have now been received and the fundraising has been completed.

For further information, please contact:

Scott Kaintz 020 7747 9960                                                       Corcel Plc CEO 

James Joyce / Andrew de Andrade 0207 220 1666                  WH Ireland Ltd NOMAD & Broker

Simon Woods 0207 3900 230                                                     Vigo Communications IR 

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.