WRAP Retail Offer for up to £300,000

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA, OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT IS AN ADVERTISEMENT FOR THE PURPOSES OF RULE 5-A.5 OF THE MAR RULES OF THE FINANCIAL CONDUCT AUTHORITY ("THE FCA") AND DOES NOT CONSTITUTE A PROSPECTUS. 

LONDON, April 1, 2026 /PRNewswire/ -- Oscillate PLC ("Oscillate" or the "Company"), 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 

About the Company

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 (the "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 values its retail shareholder base and believes that it is appropriate to provide both new and existing retail shareholders in the United Kingdom the opportunity to participate in the 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.

A number of retail platforms are able to access ...

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