KORE POTASH PLC — Share Issue/Capital Change 2021

Jul 7, 2021

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Kore Potash plc 25 Moorgate, London EC2R 6AY United Kingdom

8 July 2021

Kore Potash Plc

("Kore Potash" or the "Company")

Issue of Equity

Kore Potash plc advises that a total of 2,954,079 ordinary shares of US$0.001 each in the Company ("New Ordinary Shares") have today been issued to certain Non-Executive Directors of the Company in lieu of cash fees for the quarter ended 30 June 2021, as approved at the General Meeting of the Company held on 18 September 2020 ("Remuneration Shares").

Non-Executive Director shares in lieu of cash fees

The number of New Ordinary Shares issued to each Non-Executive Director in lieu of remuneration for the quarter ended 30 June 2021 was calculated as follows:

	Annual fee	Quarterly fee	Percentage of	GBP/USD	7 day	Number
			Remuneration		VWAP	of shares
David	US$100,000	US$25,000	55%	1.3805	0.821	1,213,174
Hathorn
David	US$80,500	US$20,125	55%	1.3805	0.821	976,605
Netherway
Jonathan	US$63,000	US$15,750	55%	1.3805	0.821	764,300
Trollip
Total						2,954,079

A total of 2,954,079 New Ordinary Shares have today been issued. Application has been made for the admission of 2,954,079 New Ordinary Shares on AIM, the JSE Limited and the Australian Securities Exchange with admission expected to take place on 13 July 2021.

Following this issue, the Company’s issued share capital consists of 3,375,494,446 ordinary shares. No shares are held in treasury. Accordingly, the total number of voting rights in the Company is 3,375,494,446.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For ASX’s purposes, these securities are issued under Listing Rule 10.11 (Remuneration Shares).

This announcement has been approved for release by the board.

ENDS

For further information, please visit www.korepotash.com or contact:

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Kore Potash plc 25 Moorgate, London EC2R 6AY United Kingdom

Kore Potash

Tel: +27 84 603 6238

Brad Sampson - CEO

Tavistock Communications

Tel: 44 (0) 20 7920 3150

Jos Simson Oliver Lamb

Canaccord Genuity - Nomad and Broker James Asensio Henry Fitzgerald-O'Connor

Shore Capital - Joint Broker Jerry Keen Toby Gibbs James Thomas

Questco Corporate Advisory – JSE Sponsor Mandy Ramsden

Tel: +44 (0) 20 7523 4600

Tel: +44 (0) 20 7408 4050

Tel: +27 (11) 011 9208