KORE POTASH PLC — Major Shareholding Notification 2023

Dec 13, 2023

603 Page 1 of 3 15 July 2001

Form 603
Corporations Act 2001
Section 671B
Notice of initial substantial holder

To Company Name/Scheme
Kore Potash Plc (ASX: KP2)

ACN/ARSN
ARBN: 621 843 614

1. Details of substantial holder (1)
   Name
   David Andrew Hathorn

ACN/ARSN (if applicable)

The holder became a substantial holder on 14/12/2023

1. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Fully paid ordinary shares (traded on AIM)	337,708,061	337,708,061	8.20% based on 4,119,667,120 shares on issue as of 14 December 2023

1. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Theseus (Guernsey) Limited as Trustee of the Belle Terre Trust and as Trustee of the Stapleford Trust	Indirect interest	167,910,593 fully paid ordinary shares held by the Belle Terre Trust
167,910,593 fully paid ordinary shares held by the Stapleford Trust
Theseus (Guernsey) Limited as Trustee of the Barland Trust	Indirect interest	1,886,875 fully paid ordinary shares held by the Barland Trust

1. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Theseus (Guernsey) Limited as Trustee of the Belle Terre Trust and as Trustee of the Stapleford Trust	Theseus (Guernsey) Limited as Trustee of the Belle Terre Trust and as Trustee of the Stapleford Trust	Theseus (Guernsey) Limited as Trustee of the Belle Terre Trust and as Trustee of the Stapleford Trust	167,910,593 fully paid ordinary shares held by the Belle Terre Trust
167,910,593 fully paid ordinary shares held by the Stapleford Trust

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603 Page 2 of 3 15 July 2001

Theseus (Guernsey) Limited as Trustee of the Barland Trust	Theseus (Guernsey) Limited as Trustee of the Barland Trust	Theseus (Guernsey) Limited as Trustee of the Barland Trust	1,886,875 fully paid ordinary shares held by the Barland Trust

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Theseus (Guernsey) Limited as Trustee of the Belle Terre Trust	26/09/2023	GBP77,740	Nil	15,548,000 fully paid ordinary shares
	14/12/2023	GBP308,512.50	Nil	81,187,500 fully paid ordinary shares
Theseus (Guernsey) Limited as Trustee of the Stapleford Trust	26/09/2023	GBP77,740	Nil	15,548,000 fully paid ordinary shares
	14/12/2023	GBP308,512.50	Nil	81,187,500 fully paid ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
David Andrew Hathorn	Director

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
David Andrew Hathorn	6 St James's Square, St. James's, London SW1Y 4JU, United Kingdom

Signature

print name David Andrew Hathorn capacity Director

sign here 4 date 14/12/2023

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
(2) See the definition of "associate" in section 9 of the Corporations Act 2001.
(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4) The voting shares of a company constitute one class unless divided into separate classes.
(5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

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603 Page 3 of 3 15 July 2001

(6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(7) Include details of:

(a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

(9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.