WRAP Retail Offer for up to £100,000

THIS ANNOUNCEMENT IS A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 ("FSMA") AND HAS BEEN APPROVED BY WINTERFLOOD SECURITIES LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 141455).

Coro Energy plc

WRAP Retail Offer for up to £100,000

Coro Energy plc ("Coro" or the "Company") is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £100,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of 0.5p each in the capital of the Company ("Ordinary Shares").

Under the WRAP Retail Offer up to 20 million new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 0.5 pence per Ordinary Share.

In addition to the WRAP Retail Offer and, as announced on 25 July 2025 at 4.10pm, the Company is also proposing to raise funds through a placing ("Placing") of Ordinary Shares (the "Placing Shares") to raise a minimum of £1.64 million (before expenses) at a price of 0.5 pence per Placing Share (the "Issue Price"). The WRAP Retail Offer Shares are also being offered at the Issue Price.

A separate announcement regarding the Placing was made by the Company on 25 July 2025 at 4.10pm and sets out the reasons for the Placing and use of proceeds. The proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Placing.

The WRAP Retail Offer is conditional, inter alia, on the shareholder resolutions being passed at the General Meeting and the Placing Shares and the WRAP Retail Offer Shares being admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the Placing Shares and the WRAP Retail Offer Shares will commence on or about 15 August 2025. A circular convening the General Meeting is expected to be posted on or about 28 July 2025.

WRAP Retail Offer

Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being new retail investors or existing shareholders of Coro Energy plc, following release of this announcement and through certain financial intermediaries.

The WRAP Retail Offer is expected to close at 31 July 2025 at 4.30pm. Eligible investors should note that financial intermediaries may have earlier closing times.

There is a minimum subscription of £100 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.

The WRAP Retail Offer Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the new Ordinary Shares including the right to receive all dividends and other distributions declared, made or paid after their date of issue.

It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription at the Issue Price does not exceed £100,000, or such greater size as may be agreed by the Company.

The Company's LEI is 2138004JXMD9YXLMKS49.