11 June 2025

Kore Potash Plc

("Kore Potash" or the "Company")

Result of AGM, Issue of Options and Director Subscription

Kore Potash plc, the potash development company with 97% ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located in the Republic of Congo, is pleased to announce that the resolutions put to its Annual General Meeting ("AGM") held earlier today on Wednesday 11 June 2025, were all duly passed on a poll by the requisite majority.

PDMR Subscription

Further to the Company's announcements of 21 March and 2 April 2025 and following the approval of shareholders at the AGM,  the Company will issue 22,644,928 ordinary Shares of US$0.001 in the Company ("Ordinary Shares") at a price of 1.7 pence per new Ordinary Share for a total consideration of c.US$0.5 million (c.£0.38 million) to Theseus (Guernsey) Limited as trustee of two separate trusts, the Belle Terre Trust and Stapleford Trust (the "PDMR Subscription"). The trusts are associated with David Hathorn, a related party of the Company as defined by AIM Rule 13 and ASX Listing Rule 10.11.1., with 11,322,464 new Ordinary Share being issued to the Belle Terre Trust and 11,322,464 new Ordinary Shares being issued to the Stapleford Trust, resulting in 22,644,928 new ordinary shares being issued in aggregate.

Admission and Total Voting Rights

Accordingly, application will be made for the 22,644,928 new Ordinary Shares to be admitted to trading on AIM and application has also been made for such shares to be admitted to trading on JSE Limited and ASX, which is expected to commence on or around 17 June 2025, ("Admission"). On Admission, David Hathorn will hold a beneficial interest in 395,746,326 Ordinary Shares representing 8.15 percent of the issued share capital of the Company.

Following Admission and the issue of the 22,644,928 new Ordinary Shares, the Company's issued share capital will consist of 4,856,248,999 Ordinary Shares. Accordingly, following Admission the total number of voting rights in the Company will be 4,856,248,999. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Issue of PDMR Options

Additionally, further to the Company's announcement of 22 April 2025 and following receipt of shareholder approval at today's AGM, the Company has issued 6,000,000 options over new Ordinary Shares under the Directors and Executives Share Option Plan (the "DESOP") at an exercise price of 1.93 pence with a life to expiry of 3 years from today's date to the following directors:  

Issue of PDMR Incentive Options

Following receipt of shareholder approval the Company has also issued 9,000,000 options over new Ordinary Shares under the DESOP exercisable at a price of 2.2 pence per new Ordinary Share expiring on 9 June 2027 to David Hathorn.

Resumption of Trading on the ASX

The Company also confirms that following the release of its announcement on 10 June 2025, shares in the Company resumed trading on the Australian Securities Exchange ("ASX").

The following statistics, as detailed in Annexure A below, are provided in respect of each resolution proposed at the meeting.

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

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

Issue of PDMR Options

Issue of PDMR Incentive Options