KORE POTASH PLC — Capital/Financing Update 2024

Nov 21, 2024

Appendix 3B - Proposed issue of securities

Announcement Summary

Entity name
KORE POTASH PLC

Announcement Type
New announcement

Date of this announcement
22/11/2024

The Proposed issue is:
A non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

Total number of +securities proposed to be issued for a non pro rata offer of securities under a disclosure document or product disclosure statement (PDS)

ASX +security code	+Security description	Maximum Number of +securities to be issued
KP2	CHESS DEPOSITARY INTERESTS 1:1	500

Closing date for receipt of acceptances
31/1/2025

Proposed +issue date
4/2/2025

Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

KORE POTASH PLC

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

Registration Number

ARBN

621843614

1.3 ASX issuer code

KP2

1.4 The announcement is

New announcement

1.5 Date of this announcement

22/11/2024

1.6 The Proposed issue is:

A non-+pro rata offer of +securities under a +disclosure document or +PDS

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Part 5 - Details of proposed non-pro rata offer under a +disclosure document or +PDS

Part 5A - Conditions

5A.1 Do any external approvals need to be obtained or other conditions satisfied before the non-pro rata offer of +securities under a +disclosure document or + PDS can proceed on an unconditional basis?
No

Part 5B - Offer details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
Existing class

Will the proposed issue of this +security include an offer of attaching +securities?
No

Details of +securities proposed to be issued

ASX +security code and description
KP2 : CHESS DEPOSITARY INTERESTS 1:1

The number of +securities to be offered under the +disclosure document or +PDS
500

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)?
No

Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)?
No

Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)?
No

Offer price details
Has the offer price been determined?
Yes
In what currency will the offer be

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

made?
AUD - Australian Dollar
What is the offer price per +security?
AUD 0.05430

Oversubscription & Scale back details

Will the entity be entitled to accept over-subscriptions?
No

Will a scale back be applied if the offer is over-subscribed?
No

Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
Yes

Part 5C - Timetable

5C.1 Lodgement date of +disclosure document or +PDS with ASIC
22/11/2024

5C.2 Date when +disclosure document or +PDS and acceptance forms will
be made available to investors
25/11/2024

5C.3 Offer open date
25/11/2024

5C.4 Closing date for receipt of acceptances
31/1/2025

5C.6 Proposed +issue date
4/2/2025

Part 5D - Listing Rule requirements

5D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
No

5D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15%
placement capacity under listing rule 7.1?
Yes

5D.1b ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's
15% placement capacity under listing rule 7.1?
500 CDIs

5D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's
additional 10% placement capacity under listing rule 7.1A (if applicable)?
No

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

5D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
No

Part 5E - Fees and expenses

5E.1 Will there be a lead manager or broker to the proposed offer?
No

5E.2 Is the proposed offer to be underwritten?
No

5E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission?
No

5E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer
None.

Part 5F - Further Information

5F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue
CDIs offered pursuant to a prospectus that has been prepared primarily for the purpose of section 708A(11) of the Corporations Act to remove any trading restrictions on the sale of CDIs/ Shares issued by the Company during the offer period.

5F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful?
No

5F.2 Please explain the entity's allocation policy for the offer, including whether or not acceptances from existing +security holders will be given priority
The offer is available only to selected investors identified and notified by the Company and is not open to the general public.

5F.3 URL on the entity's website where investors can download the +disclosure document or +PDS
https://korepotash.com/investors/announcements/

5F.4 Any other information the entity wishes to provide about the proposed offer
None.

Appendix 3B - Proposed issue of securities