Adoption of Share Option Scheme & Grant of Options

16 October 2026

Oracle Power PLC

(“Oracle” or the “Company”)

Adoption of Share Option Scheme and Grant of Options

Oracle Power PLC (AIM: ORCP), the international project developer, announces the adoption of a new Share Option Scheme (the “Scheme”) and the grant of certain options thereunder.

Rationale for the Scheme

The adoption of the Scheme underscores the Company’s commitment to aligning the incentivisation and interests of its senior management with those of its shareholders.

Details of the Option Grants

The Company yesterday granted, subject to certain vesting criteria, 1,697,139,461 options, in aggregate, with an exercise price of 0.0383 pence each, over new ordinary shares in the Company (“Ordinary Shares”), representing approximately 10.0 per cent. of the Company’s existing issued ordinary share capital.  The recipients and details of the grants are set out below:

The options vest as follows:

• 848,569,731 options (approximately 50 per cent.) vest immediately;
• 424,284,865 options (approximately 25 per cent.) vest upon the Company’s share price increasing to 0.073 pence per Ordinary Share, measured over a consecutive 5-day period (representing an approximate 100 per cent. increase from the prevailing middle market share price of 0.0365 pence); and
• the remaining options (approximately 25 per cent.) vest upon the Company’s share price increasing to 0.110 pence per Ordinary Share, measured over a consecutive 5-day period (representing an approximate 200 per cent. increase from the prevailing middle market share price of 0.0365 pence).

The Scheme permits the issuance of options over up to 15 per cent. of the Company’s issued share capital from time to time, thereby affording flexibility and headroom for additional awards if and when appropriate.

*ENDS*

For further information:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

 PDMR Notification Form:

The notification below is made in accordance with the requirements of MAR.