CORO ENERGY PLC

M&A Activity • Oct 1, 2021

National Storage Mechanism | Additional information

RNS Number : 6403N

Coro Energy PLC

01 October 2021

1 October 2021

Coro Energy Plc

("Coro" or the "Company")

Update on Proposed Acquisition of Vietnamese Solar Portfolio

Coro Energy Plc, the South East Asian energy company focused on leading the regional transition to a low carbon economy, announces an extension of the exclusivity period agreed with the Company's Vietnamese rooftop solar project partner, Vinh Phuc Electrical Mechanical Installation Co Ltd. ("VPE").

Current in-country COVID-19 restrictions, including limitations on being able to formally lodge papers with the Vietnamese government, have meant that the Company now expects a definitive joint venture agreement for the JV to be capable of entry by the end of October 2021. Accordingly, the Company and VPE have agreed to extend the exclusivity period under the Heads of Terms first announced by the Company on 12 July 2021 until 31 October 2021.

Further announcements will be made, as appropriate.

Coro Energy plc Mark Hood, Chief Executive Officer	Via Vigo Communications Ltd
Cenkos Securities plc (Nominated Adviser) Ben Jeynes Katy Birkin	Tel: 44 (0)20 7397 8900
Vigo Communications Ltd (IR/PR Advisor) Patrick d'Ancona Chris McMahon	Tel: 44 (0)20 7390 0230
WH Ireland (Broker) Harry Ansell Katy Mitchell	Tel: 44 (0)20 7220 1670 / 44 (0)113 394 6618

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDSDWFWSEFSESU