ORACLE POWER PLC

M&A Activity • Dec 12, 2019

National Storage Mechanism | Additional information

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RNS Number : 7315W

Oracle Power PLC

12 December 2019

12 December 2019

Oracle Power PLC

("Oracle", the "Company" or the "Group")

Share Price movement

Oracle Power PLC (AIM:ORCP), the UK energy developer of a combined lignite coal mine and mine mouth power plant located in Block VI of the Thar desert in the south-east of the Sindh Province of Pakistan (the "Project") notes today's share price movement and an article published today in the Dawn newspaper in Pakistan and confirms that the Company is in negotiations with the private office of H.H. Sheik Ahmed Dalmook Juma Al Maktoum, a shareholder in the Company, and China Coal Energy Company to form a Joint Development Agreement in order to develop the Project.

Whilst the Company is hopeful that an agreement will be reached in the near future, there can be no guarantee that any such agreement will be entered into or as to the terms of such agreement.

A further announcement(s) will be made as appropriate.

For further information please contact:

Oracle Power PLC Naheed Memon	+44 (0) 20 3580 4316
Strand Hanson Limited (Nominated Adviser) Rory Murphy, James Harris, Jack Botros	+44 (0) 20 7409 3494
Brandon Hill Capital Limited (Joint Broker) Oliver Stansfield	+44 (0) 20 3463 5000
Shard Capital (Joint Broker) Damon Heath	+44 (0) 20 7186 9952

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

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.

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