Oracle Power PLC Private Power and Infrastructure Board Meeting

TIDMORCP

Oracle Power PLC

14 September 2020

Oracle Power PLC

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

Private Power and Infrastructure Board Meeting

Oracle Power PLC (AIM:ORCP) is pleased to advise that, further to the announcements of 28 August 2020 and 8 September 2020, the Company, along with its Consortium partners, China National Coal Development Company Ltd. and the private office of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum (together, the ' Consortium'), formally presented the Thar Block VI project implementation plan to the Private Power and Infrastructure Board ('PPIB') on Friday 11 September 2020.

As previously advised, the Consortium's presentation to the PPIB formed part of its LOI application and is considered by the Board of Oracle as one of the final steps in the award of the LOI. Further updates in respect of the timing, and next steps required, with regard to the issuance of the LOI will be made in due course as and when appropriate.

*ENDS*

For further information:

 
 Oracle Power PLC                               +44 (0) 203 580 
  Naheed Memon                                   4314 
 Brandon Hill Capital Limited (Joint Broker)    +44 (0) 203 463 
  Oliver Stansfield                              5000 
 Shard Capital (Joint Broker) 
  Damon Heath 
  Isabella Pierre 
  St Brides Partners Limited (Financial         +44 (0) 20 7186 
  PR)                                            9952 
  Susie Geliher                                  +44 (0) 20 7236 
  Catherine Leftley                              1177

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END

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September 14, 2020 02:00 ET (06:00 GMT)

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