Oracle Power PLC

("Oracle", the "Company" or the "Group")

Conversion Notice and Total voting rights

Oracle Power PLC (AIM: ORCP), the AIM listed natural resources and power project developer, announces that it has received a conversion notice from the Investors in respect of a further £100,000 of the £1.5 million Share Subscription announced on 9 July 2020.

Accordingly, pursuant to the conversion, the Company will issue, in aggregate, 20,838,542 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") to the Investors (the "Investor Shares"), split equally between them.

Following the conversion, £600,000 remains outstanding for conversion under the Share Subscription.

The Investor Shares will rank pari passu in all respects with the existing Ordinary Shares. Application will be made to the London Stock Exchange plc for the admission of the Investor Shares to trading on AIM ("Admission"). It is anticipated that Admission will occur at 8.00 a.m. on AIM on or around 15 April 2021.

Following Admission, the Company's issued share capital will comprise 2,195,521,479 Ordinary Shares.  As the Company does not hold any shares in treasury, this figure of 2,195,521,479 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless defined herein, or the context requires otherwise, capitalised terms used in this announcement carry the same meaning as those ascribed to them in the Company's announcement of 9 July 2020.

*ENDS*

For further information please visit the Company's website, http://www.oraclepower.co.uk or contact:

About Oracle Power PLC:

Oracle Power PLC is an international natural resource and power project developer listed on London's AIM market. The Company is focussed on delivering reliable and affordable power in emerging developing markets, unlocking the value of underutilised and undeveloped natural resources to provide energy security and support economic growth and development. Its initial project is the Thar Block VI Project in the Thar desert in the south-east of the Sindh province of Pakistan.  The Thar Project is a 66.1 sq km licence containing 1.4 billion tonnes of coal, where the Company, together with its partners China National Coal Development Company Ltd. (CNCDC) and the private office of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum, is advancing a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project.

The Company also holds two highly prospective gold assets in two globally significant gold regions of Western Australia.  The Northern Zone Project is located 25km east of the major gold mining centre of Kalgoorlie, the home of the 'Super Pit' mine, the second largest gold mine in Australia, and the Jundee East Gold Project is located ~9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, which forms part of United Kingdom domestic law by virtue of the European (Withdrawal) Act 2018.