KORE POTASH PLC — Major Shareholding Notification 2025

Nov 13, 2025

K

ORE POTASH

FROM THE GROUND UP

Kore Potash plc

25 Moorgate, London EC2R 6AY

United Kingdom

Kore Potash Plc

("Kore" or "Company")

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Full name of discloser:	Kore Potash Plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient.
For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree	Kore Potash Plc
(d) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held:
The latest practicable date prior to the disclosure	12 November 2025
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state “N/A”	N/A

2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:	Ordinary shares of US$0.001 each
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil		Nil
(2) Cash-settled derivatives:	Nil		Nil
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil		Nil
TOTAL:	Nil		Nil

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

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KORE POTASH FROM THE GROUND UP

(b) Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors’ and other employee options) of any person acting in concert with the party to the offer making the disclosure:
1. Interests held by the directors of Kore Potash Plc and their close relatives and related trusts (excluding share options set out at 3. below):
Name	Number of ordinary shares of US$0.001 each	Percentage of total issued ordinary share capital
David Hathorn	395,746,326	8.1
Jonathan Trollip	7,276,296	0.5
David Netherway	8,536,434	0.17
2. Interests held by connected advisers to the directors and board of Kore Potash Plc:
Name	Number of ordinary shares of US$0.001 each	Percentage of total issued ordinary share capital
Kela Securities (Pty) Ltd *	172,293	0.00
*Note: Kela Securities (Pty) Ltd is a corporate broker to Kore Potash Plc and the holding is the aggregate holdings of employees of Kela Securities (Pty) Ltd.
3. Interests held as options over existing ordinary shares of US$0.001 each of Kore Potash Plc by directors of Kore Potash Plc (all options have vested):
Name	Number of share options	Exercise price GBP	Date of grant
David Hathorn	9,000,000	0.0220	13/06/2022
David Hathorn	2,000,000	0.0193	11/06/2025
David Netherway	2,000,000	0.0193	11/06/2025
Jonathan Trollip	2,000,000	0.0193	11/06/2025

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

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KORE POTASH FROM THE GROUND UP

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

None

(c) Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO
Date of disclosure:	14 November 2025
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Contact name:	Andrey Maruta
Telephone number:	+44 (0) 20 3963 1776

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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