KORE POTASH LIMITED

Level 3, 88 William Street Perth

Western Australia 6000

Telephone: +61 (8) 9463 2463

Facsimile: +61 (8) 9463 2499

EMAIL AND WEBSITE

info@korepotash.com www.korepotash.com

DIRECTORS

Chairman: David Hathorn CEO: Sean Bennett

Non-Exec Director: Jonathan Trollip Non-Exec Director: Leonard Math Non-Exec Director: Timothy Keating Non-Exec Director: Pablo Altimiras

ISSUED CAPITAL

(As at - 26 September 2017)

768.2 m Ordinary Shares ASX Code: K2P

Dispatch of Scheme Booklet Perth, Australia, 26 September 2017 - Kore Potash Limited (ASX:K2P) ('Kore' or the Company) is pleased to advise that it has completed dispatch of the Scheme Booklet in relation to the proposed scheme of arrangement under which Kore Potash plc is to acquire all of the shares in the Company (Scheme) to seek approval for the transaction for which will effect a redomicile of the Kore group in the United Kingdom. The Scheme Booklet includes an Independent Expert's Report prepared by BDO Corporate Finance (WA) Pty Ltd and a notice of meeting convening a meeting of the Company's shareholders to consider the Scheme (Scheme Meeting).

Shareholders should carefully read the Scheme Booklet in its entirety and the material accompanying it before deciding whether to vote in favour of the Scheme.

Shareholders will vote on the Scheme at a Scheme Meeting, which is expected to be held at 11.00am (WST) on Friday, 27 October 2017 at Level 6, Brookfield Place Tower 2, 123 St Georges Terrace, Perth, Western Australia.

An indicative timetable for the Scheme is provided below:

Indicative Timetable

Event

Target date

Scheme Meeting to approve the Scheme

27 October 2017

Final Court Hearing to approve the Scheme

6 November 2017

Effective Date

Court order lodged with ASIC

Kore Potash Limited shares suspended from trading on ASX

6 November 2017

Record Date for determining entitlement to the Scheme Consideration

13 November 2017

Implementation Date

20 November 2017

- ENDS -

Enquiries: www.korepotash.com

Kore Potash

Sean Bennett (CEO)

+27 11 469 9144

Canaccord Genuity (Adviser)

Martin Davison / James Asensio

+44 (0)20 7523 8000

Tavistock (Financial PR & IR, UK)

Emily Fenton / Edward Lee / Jos Simson

+44 (0) 207 920 3150

Fivemark Partners (PR & IR, Australia)

Michael Vaughan

+61 422 602 720

Forward-Looking Statements

This news release contains statements that are "forward-looking". Generally, the words "expect," "potential", "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature and whilst there is a reasonable basis for making such statements regarding the proposed placement described herein; forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, to differ materially from those expressed or implied in any of our forward-looking statements, which are not guarantees of future performance. Statements in this news release regarding the Company's business or proposed business, which are not historical facts, are "forward looking" statements that involve risks and uncertainties, such as resource estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.

3447-3274-1126v1

Kore Potash Ltd. published this content on 26 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 September 2017 09:59:02 UTC.

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