Oracle Power : Corporate Presentation Q4 2021

International natural resource and power project developer

Corporate Presentation | Q4 2021

DISCLAIMER

The information contained in this confidential document ("Presentation") has been prepared by Oracle Power plc (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. This

Presentation hasnot been approved byanauthorised person in accordance withSection 21 of the FinancialServices and MarketsAct2000 ("FSMA"). Any person who receives this Presentation should not relyor actupon it.

While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give, have given or have authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as "Information") and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained herein or for anyerrors, omissions or misstatements or for anyloss, howsoever arising, from the use of this Presentation.

This Presentation may contain forward-looking statements that involve substantial risks and uncertainties, and actual results and developments may differ materially from those expressed or implied by these statements. These forward- looking statements are statements regarding the Company's intentions, beliefs or current expectations concerning, among other things, the Company's results of operations, financial condition, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These forward- looking statements speak only as of the date of this Presentation and the Company does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of thisPresentation.

Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations in that regard. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent.

This Presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. In particular, this Presentation does not constitute an offer or invitation to subscribe for or purchase any securities and neither this Presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. Any decision to subscribe for the Company's securities must be made only on the basis of the information contained in an admission document (or similar) in its final form relating to the Company, which may be different to the information contained in this Presentation. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjectivejudgment, analysis andassumptionsandeachrecipientshould satisfyitselfin relation to such matters.

You should be aware of the risks associated with an investment in the Company and that in emerging markets, such as Pakistan, the risks are far greater than in more developed markets (including significant legal, economic and political risks) and that the Company could potentially lose the benefit of its assets in Pakistan. You acknowledge the high number of expenses and difficulties frequently encountered by companies in the early stages of development, particularly companies operating in emerging markets and you should beaware thatthis maylead to the loss ofan indvidual'sentire investment.

Neither this Presentation nor any copy of it may be (a) taken or transmitted into Australia, Canada, Japan, the Republic of Ireland, the Republic of South Africa or the United States of America (each a "Restricted Territory"), their territories or possessions; (b) distributed to any U.S. person (as defined in Regulation S under the United States Securities Act of 1933 (as amended)) or (c)distributed to any individual outside a Restricted Territory who is a resident thereof in any such case for the purpose of offer for sale or solicitation or invitation to buy or subscribe any securities or in the context where its distribution may be construed as such offer, solicitation or invitation, in any such case except in compliance with any applicable exemption. The distribution of this document in or to persons subjectto other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, anysuch restrictions. Any failureto complywiththese restrictions mayconstitute aviolation of thelaws of the relevant jurisdiction.

Corporate Presentation | Q4 2021	2

OVERVIEW

• An international natural resources and power project developer listed on AIM (ORCP.L)
• The Company owns two gold interests in a globally significant gold region of Western Australia:
• • The Northern Zone Gold Project
  • The Jundee East Gold Project
• Oracle plans to develop a green hydrogen project in Sindh, Pakistan with a generation capacity of 400MW, to produce approximately 150,000kg green hydrogen per day
• Oracle Power also owns a significant asset in the form of a coal resource in the Thar region of the Sindh Province in Pakistan which is structured to develop:
• • Large coal mine and mine mouth power plant
  • Coal gasification plant to produce urea for fertilizer
  • Coal to liquids facility to produce liquid fuel
• Oracle Power is reviewing additional opportunities to add value in emerging markets and elsewhere
• Lead by an experienced management team and highly influential partners with expertise, financial means and global presence
• Directors are currently committed to a monthly share purchase agreement demonstrating their belief in Oracle Power's prospects and the company's strategy

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THE PROJECTS

Gold Projects - Western Australia

Green Hydrogen Project

Thar Block VI Project - Pakistan

• 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
• The Jundee East Project is located about 9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold mines
• Exploration activities commenced in November 2020
• • Maiden drilling programme at Northern Zone project has been completed
  • Maiden drilling programme at Jundee East Project is expected to commence

• Cooperation Agreement signed with PowerChina International for 400MW Capacity Hydrogen Production plant in Sindh, Pakistan
• Estimated production of 150,000 kg Green Hydrogen per day
• Initial analyses suggests, Pakistan has comparative a advantage to become the world's leading Green Hydrogen
  Production Base
• Project is planned to be strategically located in the wind corridor of Sindh which also has 2 world class sea ports
• Abundant resources of Wind and Solar in Sindh makes it a perfect location for Green Hydrogen production

Corporate Presentation | Q4 2021

• 30 year lease over 66.1km2 Block VI in Thar Desert, Sindh Province, Pakistan
• Support under CPEC to develop a Thar Coal based 1,320 MW power plant
• Support for Phase II of the project coal gasification under CPEC to produce urea to
  facilitate the agricultural sector
• Flagship project of CPEC included in two working groups i.e. Energy and Oil & Gas
• Support for cumulative annual production of almost 16 MT of coal for power and coal to gas for urea

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Gold Projects: Western Australia