Corcel : Investor Presentation July 2023

CORCEL PLC

D I S C L A I M E R

These presentation slides (the "Slides") do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribe for any securities of the Company and they should not be relied on in connection with a decisionto purchase orsubscribeforanysuch securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or buy securities in the Company. If any person is in doubt as to the contents of this presentation, or wishes to obtain advice as to the investment merits ofthe Company's securities, he should seek independent advice from a person who is an authorized financial services provider.

No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the completeness or accuracy of such information. The information contained in these Slides and the accompanying verbal presentation is in the public domain, however no representation or warranty, express or implied, is given by or on behalf of the Company, its shareholders, directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in the Slides and the accompanying verbal presentation, and no liability is accepted for any such information or opinions (including in the case of negligence, but excluding any liability for fraud).

The Slides are not for distribution in, nor do they constitute an offer of securities for sale in, any jurisdiction where such distribution or offer is unlawful. The distribution of the Slides in some jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about and observe any such restrictions.

Statements made in the Slides and accompanying verbal presentation may include forward-looking statements that necessarily involve risks and uncertainties. Forward-looking statements may generally be identified by the use of terminology such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "believe", or similar phrases. Other than statements of historical facts, all statements, including, among others, statements regarding the future financial position of the Company, business strategy, projected levels of growth in its market, projected costs, estimates of capital expenditures and plans and objectives of management for future operation, are forward-looking statements. The actual future performance of the company could differ materially from these forward-looking statements. Important factors that could cause actual results to differ materially from these expectations including known and unknown risks. Undue reliance should not be placed on these forward-looking statements. Past performance is not a guide to future performance.

CORCEL PLC

THE TEAM

EXECUTIVES

JAMES PARSONS

CEO

• Over 20 years' experience in the fields of strategy, management, finance and corporate development in the energy industry across Europe, South America and Central America

GERALDINE GERALDO

MD Angola and CCO

• Intial career as counsel for Chevron in Angola
• More recently business development and commerical support for Chevron's
  M&A efforts in Africa and LATAM

SCOTT KAINTZ

CFO

NON EXECUTIVE DIRECTORS

ANTOINE KARAM

Non-Executive Chairman

• Former Chairman of the Board of
  Cyber I - cyber security firm
• Former Board member and CEO of ITWay Group S.P.A.

YAN ZHOU

Non-Executive Director

• Ex Shell EP responsible for Shell EP Asia budget between 2000-2004
• Associate in Actis Capital London for oil & gas, mining, banking and TMT in Emerging market with focus in Africa

• Former Investment Banker at Merrill Lynch brings many years of board experience and business development across Europe, Middle East and Africa
• 45% Shareholder of Extraction SrL (Cornerstone Investor in CRCL)

• Partner in Sentient Resource Fund managing Asia portfolio and maintaining Asian investor relationships
• Founder and President of New Power Group focusing on lithium battery material production
• Represents NPC Group (Cornerstone investor in CRCL)

4

• Over 10 years experience in publically listed natural resource businesses
• Previously worked in corporate finance and investment funds in London focused on capital raising efforts and debt and equity investments

EWEN AINSWORTH Non-Executive Director

• Experienced AIM company director, Ewen is CFO of Coro Energy Plc
• Worked in a variety of senior and board-level roles in the natural resource sector for over 30 years, most recently as a Non-Executive