WRAP Launch

WRAP Retail Offer for up to £300,000

Oscillate PLC, a company focused on building an independent copper and future metals developer,

is pleased to announce a retail offer via the Winterflood Retail Access Platform ("

WRAP

") to raise up to £300,000 in conjunction with its IPO on AIM (the "

WRAP Retail Offer

") through the issue of new ordinary shares of £0.005 each in the capital of the Company (following a 50 for 1 share consolidation of its existing ordinary shares of £0.0001 each) ("

WRAP Retail Offer Shares

").

Under the WRAP Retail Offer, up to 1,333,333 WRAP Retail Offer Shares will be made available at a price of 22.5 pence per share. In addition to the WRAP Retail Offer and as announced on 1 April 2026, the Company has, subject to Admission (as defined below), completed a placing of £2.9 million (before expenses) (the

"Placing

") in conjunction with the Company's Admission to trading on AIM.

The issue price of the WRAP Retail Offer Shares is the same as the issue price of shares under the Placing.

The Company has published a Multilateral Trading Facility ("MTF") Admission Prospectus in compliance with the AIM Rules. Further information on the Company and its business is set out in the MTF Admission Prospectus published earlier today and copies are available online at

www.oscillateplc.com. The MTF Admission Prospectus also includes details regarding the Company's intention to cancel the admission of its existing Ordinary Shares (the "

Existing Ordinary Shares

") to trading on the Access Segment of the Growth Market of the Aquis Stock Exchange ("

AQSE

") and to apply for admission of the New Ordinary Shares to trading on AIM, a market operated by the London Stock Exchange ("

Admission

"). The MTF Admission Prospectus also includes detail on the Company's proposed share consolidation.

The WRAP Retail Offer and the Placing and Subscription are conditional, amongst other things, on shareholder approval at a forthcoming general meeting expected to be held on 24 April 2026 and on the New Ordinary Shares being admitted to trading on AIM. It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM at 08.00 am on 27 April 2026.

For the avoidance of doubt, the WRAP Retail Offer is not part of the Placing or Subscription or Admission and the WRAP Retail Offer will complete upon Admission.

Sign up to WRAP Deal Notifications at: www.winterflood.com/wrap

Acquisition

"). Completion of the Acquisition is expected to occur, subject to all conditions being met, simultaneously with the admission of the Company's New Ordinary Shares to trading on AIM, subject to shareholder approvals to be sought at the Company's General Meeting scheduled for 22 April 2026 and regulatory approvals. Further information in respect of the terms of the Acquisition can be found in the MTF Admission Prospectus.

The Acquisition will establish the Company as a large landholder in two emerging copper belts, subject to renewal of certain licences: the Kaoko Basin in Namibia, which is widely interpreted by sources in both industry and academia to be the extension of the prolific Central African Copper Belt, and the Kalahari Copper Belt in Botswana. The Acquisition will thereby give the Company the opportunity to explore extensive areas of highly prospective terrain in emerging exploration districts, adjacent to significant recent discoveries, in line with the Company's ambition to become a mid-cap copper and future metals development group.

The Company has also entered into a joint venture and earn-in agreement (as announced on 30 April 2025) in Côte d'Ivoire with La Minière de l'Elephant in respect of the Duékoué molybdenum-copper Project. The arrangement allows the Company to earn up to a 100% interest through staged expenditure and milestone payments.

Together, the conditional acquisition of Kalahari Copper and the Duékoué joint venture are expected to:

provide geographic and geological diversification across two high-quality and stable African jurisdictions with supportive mining policies, as well as the exploration project in Côte d'Ivoire;

create a portfolio of early-stage exploration projects;

position the Company to attract a broader investor base; and

establish the foundation for a mid-cap copper and future-metals exploration and development group.

Oscillate PLC currently trades on the AQUIS market under the ticker SRVL. Subject to shareholder approval, the Company's name will be changed to Serval Resources Plc shortly following admission to AIM.

WRAP Retail Offer

The Company is making the WRAP Retail Offer open to eligible investors following release of this announcement and through certain financial intermediaries. The Retail Offer is not being made into any jurisdiction other than the United Kingdom.

Retail brokers wishing to participate in the Retail Offer on behalf of eligible retail investors should contact

.

The Retail Offer is expected to close at 4:30 pm on 7 April 2026. Eligible retail investors should note that financial intermediaries may have earlier closing times. The result of the Retail Offer is expected to be announced by the Company on or around 8 April 2026.

There is a minimum subscription of £100 per investor under the 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 Company has published an MTF admission prospectus in compliance with the requirements of the London Stock Exchange which has been issued in connection with the proposed admission of the Company's New Ordinary Shares to trading on AIM ("

MTF

Admission Prospectus

"). The MTF Admission Prospectus has not been prepared in accordance with the rules of the FCA

for Admission to Trading on a Regulated Market and its contents have not been approved by the FCA. The MTF Admission Prospectus will not be filed with or approved by the FCA or any other government or regulatory authority in the UK.

FSMA

") by Winterflood Securities Limited ("

Winterflood

"), which is authorised and regulated by the Financial Conduct Authority.

United States

" or "

US

This announcement is not an offer of securities for sale into the United States.

No public offering of securities is being made in the United States.

The value of Ordinary Shares and the income from them is not guaranteed and can fall as well as rise due to stock market movements. When you sell your investment, you may get back less than you originally invested. Figures refer to past performance and past performance is not a reliable indicator of future results.

Returns may increase or decrease as a result of currency fluctuations.

SP

Angel, which is authorised and regulated by the FCA in the United Kingdom, is acting Nominated Adviser to the Company in connection with the Placing. SP Angel has not authorised the contents of, or any part of, this announcement, and no liability whatsoever is accepted by SP Angel for the accuracy of any information or opinions contained in this announcement or for the omission of any material information. The responsibilities of SP Angel as the Company's Nominated Adviser under the Market Rules for Companies and the Market Rules for Nominated Advisers are owed solely to London Stock Exchange plc and are not owed to the Company or to any director or shareholder of the Company or any other person, in respect of its decision to acquire shares in the capital of the Company in reliance on any part of this announcement, or otherwise.

UK Product Governance Requirements

Solely for the purposes of the product governance requirements of Chapter 3 of the FCA Handbook Product Intervention and Product Governance Sourcebook (the "

UK MiFIR Product Governance Requirements

"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the UK MiFIR Product Governance Requirements) may otherwise have with respect thereto, the Retail Offer Shares have been subject to a product approval process, which has determined that the Retail Offer Shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in paragraphs 3.5 and 3.6 of COBS; and (ii) eligible for distribution through all permitted distribution channels (the "

Target Market Assessment