Results of Oversubscribed REX Retail Offer and Total Voting Rights

Emmerson PLC (“Emmerson” or the “Company”), the Moroccan focused potash development company, is pleased to announce that, further to today’s earlier announcement regarding the REX Retail Offer, it has successfully raised aggregate gross proceeds of £240,000 pursuant to the REX Retail Offer, alongside the previously announced subscription agreement with Global Sustainable Minerals Pte Ltd (“GSM”) and Gold Quay Capital Pte Ltd (“GQC”) (together the “Strategic Investors”).

The REX Retail Offer was significantly oversubscribed, and demand has therefore been scaled back to the previously set maximum of £240,000.

Accordingly, the Company will issue a total of 13,714,286 new ordinary shares (“Ordinary Shares”) at the issue price of 1.75 pence per Ordinary Share pursuant to the REX Retail Offer.

Total Voting Rights

Following the admission of these shares to trading on the AIM market of the London Stock Exchange, together with the 98,639,456 shares subscribed for by the Strategic Investors announced earlier today (both expected to occur at 8.00 a.m. on 22 April 2024), the Company’s issued share capital will consist of 1,139,096,966 Ordinary Shares with voting rights. This figure 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 to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.