Placing and Subscription of Ordinary Shares and Publication of AIM Admission Document

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Oscillate PLC
("Oscillate" or the "Company")

PROPOSED ACQUISITION OF KALAHARI COPPER LTD

CHANGE OF NAME TO SERVAL RESOURCES PLC

PLACING AND SUBSCRIPTION OF 12,997,761 ORDINARY SHARES AT 22.5 PENCE PER ORDINARY SHARE

RETAIL OFFER OF UP TO 1,333,333 RETAIL SHARES AT 22.5 PENCE PER RETAIL SHARE

SHARE CONSOLIDATION 
ADMISSION OF THE ENLARGED ISSUED SHARE CAPITAL TO TRADING ON AIM

CANCELLATION OF TRADING ON AQUIS GROWTH MARKET

PUBLICATION OF AIM ADMISSION DOCUMENT 
AND 
NOTICE OF GENERAL MEETING

LONDON, April 1, 2026 /PRNewswire/ -- Oscillate PLC (AQSE: SRVL), a company focused on building an independent copper and future metals developer, is pleased to announce that further to the announcement on 9 February 2026 of the conditional acquisition of Kalahari Copper Limited ("Kalahari Copper") (the "Acquisition"), it has now published its AIM Admission Document and has conditionally completed an equity fundraising of £2.9  million (before expenses) by way of a placing (the "Placing") and subscription (the "Subscription") (together, the "Fundraising") of a total of 12,997,761 new ordinary shares of £0.005 each in the capital of the Company subject to a 50 for 1 share consolidation ("Fundraising Shares") at a price of 22.5 pence per Fundraising Share (the "Issue Price").

In addition, as it moves to its next phase of growth and in conjunction with the Fundraising, the Company is applying for its new ordinary shares of £0.005 each in the capital of the Company ("Ordinary Shares") (assuming shareholders approve a 50 for 1 share consolidation) to be admitted to trading on AIM ("Admission") and, at the same time, the admission of the existing ordinary shares of £0.0001 each to the Aquis Growth Market will be withdrawn.

The Acquisition, Fundraising and the Admission are conditional upon certain resolutions being passed at a General Meeting of the Company to be convened for 10:00 am on 24 April 2026 (the "General Meeting"). The Company has published a Multilateral Trading Facility 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 ("AIM Admission Document"). The AIM Admission Document 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 AIM Admission Document will not be filed with or approved by the FCA or any other government or regulatory authority in the UK.  The AIM Admission Document includes a notice convening the General Meeting of the Company. Cancellation of the trading of the Ordinary Shares on the Aquis Growth Market will take place simultaneously with Admission, with cancellation expected at the close of business on [24] April 2026.

Highlights

• The proposed acquisition of Kalahari Copper will establish the Company as a large landholder in two emerging copper belts, subject to licence renewal: the Kaoko Basin in Namibia and the Kalahari Copper Belt in Botswana, both of which are under-explored in comparison to their prospectivity.
• Fundraising to raise £2.9 million gross through the issue of 12,997,761 Fundraising Shares at 22.5 pence per Fundraising Share.
• Net proceeds of the Fundraising will allow for the advancement of the Company's proposed exploration assets in Namibia and Botswana.
• Proposed appointment of Andrew Benitz as a Non-Executive Director upon Admission.
• Proposed change of name to Serval Resources Plc.
• Proposed consolidation of the Company's issued share capital by 50:1.
• Admission to AIM is expected to occur on or around 8.00 am on 27 April 2026.

CEO Robin Birchall commented:

"This is a transformational transaction which will establish the Company with a large position within two highly prospective, under-explored and emerging copper belts in Namibia and Botswana, as well as the potential upside from the Duékoué project in Côte d'Ivoire. We are delighted to have achieved  funding support and to progress with our proposed admission to trading on the AIM Market. Oscillate PLC through its Serval Resources brand is now primed for the next phase of the Company's evolution to deliver on its strategy to become a mid-cap copper and future-metals exploration and development group."

Background to the Acquisition

The Company's purpose is to establish a portfolio of sustainable copper and future metals projects based in world-class mining jurisdictions. Demand for copper and associated strategic metals is set to rise substantially in the coming years driven by the green energy transition, the rapidly expanding digital economy and other emerging technologies, which are expected to create significant shortfalls in supply. The Company aims to discover new potential sources of sustainable copper in order to meet the demand for independent and responsible sources of supply.

On 9 February 2026, the Company announced that it had entered into a sale and purchase agreement with KCL Investments Limited to acquire, subject to certain conditions being satisfied, all of the issued shares in Kalahari Copper which indirectly includes the licences held by Kalahari Copper's subsidiaries in Namibia and Botswana. Completion of the ...

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