KORE POTASH PLC — Share Issue/Capital Change 2023

Apr 2, 2023

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

Entity name

KORE POTASH PLC

Date of this announcement

Monday April 03, 2023

The +securities the subject of this notification are:

☑ Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
KP2AA	ORDINARY FULLY PAID	1,760,000	03/04/2023

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

1.1 Name of entity
KORE POTASH PLC

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type
ARBN

Registration number
621843614

1.3 ASX issuer code
KP2

1.4 The announcement is
☑ New announcement

1.5 Date of this announcement
3/4/2023

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

☑ Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are:

☑ in a class which is not quoted on ASX but which has an existing ASX security code ("existing class")

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:
☑ An issue of new +securities

The underlying securities being received by the holder are:
☑ Are not, and are not intended to be, quoted by ASX

Existing +securities converting into an existing class

FROM (Existing Class)
ASX +Security code and description
KP2AC : PERFORMANCE RIGHTS

TO (Existing Class)
ASX +Security code and description
KP2AA : ORDINARY FULLY PAID

Please state the number of options that were exercised or other +convertible securities that were converted	The first date the options were exercised or other +convertible securities were converted	The last date the options were exercised or other +convertible securities were converted
1,760,000	3/4/2023	3/4/2023

Is this all of the options or other +convertible securities on issue of that type?
☑ Yes

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?
☑ Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?
☑ No

Date the +securities the subject of this notification were issued/transferred
3/4/2023

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

Any other information the entity wishes to provide about the +securities the subject of this notification
Conversion to shares will be issued as fully paid ordinary shares in the United Kingdom.

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

Number of +securities
1,760,000

Notification of Issue, Conversion or Payment up of Unquoted

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X

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:
(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

ASX +security code and description	Total number of +securities on issue
KP2 : CHESS DEPOSITARY INTERESTS 1:1	664,837,132

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of +securities on issue
KP2AB : OPTION EXPIRING 19-JUL-2024 EX GBP 0.022	26,900,000
KP2AC : PERFORMANCE RIGHTS	0
KP2AF : OPTION EXPIRING 01-JAN-2024 EX 2.2	20,000,000
KP2AA : ORDINARY FULLY PAID	2,757,099,988

Notification of Issue, Conversion or Payment up of Unquoted