Director Warrant Exercise

20 December 2021

Oracle Power PLC

("Oracle" or the "Company") 

Director Warrant Exercise

Oracle Power PLC (AIM: ORCP) is pleased to announce that it has received notice from Naheed Memon, Chief Executive Officer, to exercise 24,000,000 warrants to subscribe for 24,000,000 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at a price of 0.25 pence per share.

Application will be made to the London Stock Exchange plc for the admission of the 24,000,000 new Ordinary Shares to trading on AIM ("Admission"). Admission is expected to become effective at 8.00 a.m. on or around 23 December 2021. On Admission, Naheed Memon will hold 107,804,710 Ordinary Shares representing 4.09% of the issued share capital of the Company.

On Admission, the Company will have 2,636,325,712 Ordinary Shares in issue. The Company holds no shares in treasury. Accordingly, the figure of 2,636,325,712 can 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 to their interest in, the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Further to its announcement of 13 December 2021, the Company confirms that the 6,000,000 new Ordinary Shares, to be issued pursuant to Mark Steed's exercise of warrants, are now expected to admit to trading on AIM at 8.00 a.m. on or around 23 December 2021. These 6,000,000 new Ordinary Shares are included in the abovementioned total Ordinary Shares in issue following Admission, being 2,636,325,712.

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European (Withdrawal) Act 2018.

*ENDS*

For further information on Oracle Power Plc, visit the Company's website http://www.oraclepower.co.uk or contact:

Oracle Power PLC

Naheed Memon - CEO                                                                                 +44 (0) 203 580 4314

Strand Hanson Limited (Nominated Adviser)

Rory Murphy, James Harris, Rob Patrick                                                  +44 (0) 20 7409 3494

Brandon Hill Capital Limited (Joint Broker)

Oliver Stansfield                                                                                           +44 (0) 203 463 5000

Shard Capital (Joint Broker)

Damon Heath, Isabella Pierre                                                                   +44 (0) 20 7186 9952

St Brides Partners Limited (Financial PR)

Susie Geliher, Catherine Leftley                                                               +44 (0) 20 7236 1177

About Oracle Power PLC

Oracle Power PLC is an international natural resource and power project developer quoted on London's AIM market.  The Company holds two highly prospective gold assets in two globally significant gold regions of Western Australia.  The Northern Zone Project is located 25km east of the major gold mining centre of Kalgoorlie, the home of the 'Super Pit' mine, the second largest gold mine in Australia, and the Jundee East Gold Project is located ~9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines.

The Company is also active in the power industry in Pakistan and is working to establish a green hydrogen production facility in association with PowerChina.  The Company's initial project is the Thar Block VI Project in south-east Pakistan where the Company is advancing plans for a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project.

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