Oscillate Plc – Result of General Meeting

This Announcement contains inside information for the purposes of Article 7 of
the UK version of the market abuse regulation (EU No.596/2014) as it forms part
of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act
2018 as amended by the European Union (Withdrawal) Act 2020 («UK MAR»).

24 April 2026

Oscillate PLC

(«Oscillate» or the «Company»)

Result of General Meeting

Completion of Transaction

Cancellation of listing on the Aquis Stock Exchange Growth Market

Oscillate PLC (AQSE: SRVL), a company focused on building an independent copper
and future metals developer, is pleased to announce that at its General Meeting
held earlier today (the «GM»), all of the resolutions were duly passed.

The Company’s acquisition of Kalahari Copper Limited («Kalahari Copper») (the
«Acquisition»), along with the placing and subscription of New Ordinary Shares
to raise gross proceeds of £2.96 million (the «Fundraise»), (together the
«Transaction») will complete and become unconditional upon the admission of the
Company’s issued share capital to the AIM Market of the London Stock Exchange
(«AIM») which is expected to occur at 8.00 a.m. on 27 April 2026 («Admission»).
Following the passing of the resolutions, the Share Consolidation will become
effective following close of business today.

Today will therefore be the last day of dealings in the Existing Ordinary Shares
on the Aquis Stock Exchange Growth Market («Aquis») and the admission of the
Company’s Existing Ordinary Shares on Acquis will be cancelled immediately prior
to Admission.

Results of the General Meeting

The number of votes cast on a poll for and against each of the resolutions
proposed (which included all valid proxy votes received), and the number of
votes withheld was as follows:

+—————-+———–+———-+——-+———-+——–+
| |For |Against | |
+—————-+———–+———-+——-+———-+——–+
|Resolution |Shares |Percentage|Shares |Percentage|Withheld|
+—————-+———–+———-+——-+———-+——–+
|One (Ordinary) |183,613,370|99.996% |6,666 |0.004% |4,999 |
+—————-+———–+———-+——-+———-+——–+
|Two (Ordinary) |183,278,018|99.813% |343,351|0.187% |3,666 |
+—————-+———–+———-+——-+———-+——–+
|Three (Ordinary)|183,621,369|99.998% |3,666 |0.002% |0 |
+—————-+———–+———-+——-+———-+——–+
|Four (Special) |183,623,702|99.999% |1,333 |0.001% |0 |
+—————-+———–+———-+——-+———-+——–+
|Five (Special) |183,270,019|99.809% |351,350|0.191% |3,666 |
+—————-+———–+———-+——-+———-+——–+
|Six (Special) |183,621,369|100.00% |0 |0.00% |3,666 |
+—————-+———–+———-+——-+———-+——–+
|Seven (Special) |183,621,369|100.00% |0 |0.00% |3,666 |
+—————-+———–+———-+——-+———-+——–+

Notification of Investor Presentation – 27 April 2026

Oscillate Plc (to be renamed Serval Resources Plc) will host a live interactive
presentation on the Engage Investor platform, following Admission, on the 27
April 2026 at 10:00am BST.

The Company welcomes all current shareholders and interested parties to join and
encourages participants to pre-submit questions. Participants can also submit
questions at any time during the live presentation. Investors can sign up to
Engage Investor at no cost and follow Oscillate Plc from their personalised
investor hub.

Register interest in this event here: https://engageinvestor.news/SRVL_IP26

Admission to trading on AIM and Total Voting Rights

Application has been made for the 33,714,184 New Ordinary Shares to be admitted
to trading on AIM. It is expected that Admission will become effective and
dealings in the New Ordinary Shares will commence at 8:00 a.m. on 27 April 2026,
and subsequently in accordance with the Disclosure Guidance and Transparency
Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately
following Admission of the New Ordinary Shares, its issued and outstanding share
capital will consist of 33,714,184 New Ordinary Shares each of which carries one
vote and 8,053,725 Deferred Shares, which hold no voting rights. The Company
does not hold any shares in treasury. Accordingly, the Total Voting Rights in
the Company is 33,714,184 and Shareholders may use this figure 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 Financial Conduct Authority’s Disclosure and Transparency
Rules.

Significant Shareholdings on Admission

Following the close of the WRAP Retail Offer, and accordingly the confirmation
of the number of WRAP Retail Offer Shares to be issued pursuant to the WRAP
Retail Offer (final details of which were not known at the time of publication
of the Admission Document), it is confirmed that the entire issued ordinary
share capital of the Company on Admission will be 33,714,184 New Ordinary
Shares. As a result, the shareholdings of the significant shareholders on
Admission, will be follows:

+————–+——————-+——————————————-+
|Name |No. of New Ordinary|No. of New Ordinary Shares held on |
| |Shares held on |Admission as a % of the entire issued share|
| |Admission |capital |
+————–+——————-+——————————————-+
|KCL |9,261,554 |27.47% |
|Investments | | |
|Limited | | |
+————–+——————-+——————————————-+
|Neil |3,734,632 |11.08% |
|Herbert(1) | | |
+————–+——————-+——————————————-+
|Ian Stalker(2)|3,732,454 |11.07% |
+————–+——————-+——————————————-+
|Pella Ventures|2,300,001 |6.82% |
|Limited | | |
+————–+——————-+——————————————-+
|Capital |1,351,112 |4.01% |
|Limited | | |
+————–+——————-+——————————————-+
|(1) Held |
|through |
|Cambrian |
|Limited |
| |
|(2)Held |
|through |
|Promaco |
|Limited, |
|BarclaysGeneva |
|and |
|Charterhouse |
|Trustees |
|Limited. |
+————–+——————-+——————————————-+

In addition, the resulting shareholding of Michael John «Jack» Keyes, who is a
member of the Quantum Concert Party, will now represent 2.64% of the entire
issued share capital of the Company, on Admission.

Further, following the confirmation of the number of WRAP Retail Offer Shares to
be issued, the number of Consideration Warrants to be issued to KCL Investments
pursuant to the Consideration Warrant Instrument is confirmed as 1,860,065.
Therefore, assuming KCL Investments exercise the Consideration Warrants, the
Report Warrants and the Deferred Consideration Warrants and Andrew Benitz
exercises his Options (and assuming that no other person converts any
convertible securities or exercises any options or any other right to subscribe
for shares in the Company), the KCL Investments Concert Party would be
interested in 24,137,507  New Ordinary Shares, representing 50.51%(1) of the
voting rights of the Company.

(1) For the purposes of this calculation, the Company has assumed: (i) a
conversion price equal to the Placing Price for the Deferred Consideration
Warrants (the conversion price will be determined at the time of conversion);
(ii) that the Seller elects to settle the principal of the Deferred
Consideration in full by the issue of the Deferred Consideration Warrants; (iii)
that the Seller or the Company elects to require that all interest payable on
the Deferred Consideration is settled by the issue of the Deferred Consideration
Warrants.

Directors’ interests in the Company on Admission

It is confirmed that Andrew Benitz will be appointed as a Director on Admission,
and as such, the interests of Directors on Admission will be as follows:

+——–+———+———+—————+——————-+
|Name |No. of |No. of |No. Of New |No. of Options to |
| |New |Options |Ordinary Shares|be held on |
| |Ordinary |held on |as a % |Admission |
| |Shares |Admission|of the entire |as a % of the |
| |held on | |issued share |entire issued share|
| |Admission| |capital |capital |
+——–+———+———+—————+——————-+
|Robin |691,811 |850,288 |2.05% |2.52% |
|Birchall| | | | |
+——–+———+———+—————+——————-+
|Andrew |159,850 |279,700 |0.47% |0.83% |
|Benitz | | | | |
+——–+———+———+—————+——————-+
|Brian |139,850 |279,700 |0.41% |0.83% |
|Gordon | | | | |
+——–+———+———+—————+——————-+
|John |17,600 |419,550 |0.05% |1.24% |
|Treacy | | | | |
+——–+———+———+—————+——————-+
|Max |- |419,550 |0.00% |1.24% |
|Denning | | | | |
+——–+———+———+—————+——————-+

The Directors are entitled to fees pursuant to their respective Letters of
Appointment, and, as disclosed in the Admission Document, for the first year
following Admission, such sums will be applied for the subscription of New
Ordinary Shares half-yearly in arrears. This applies to all Directors, including
Robin Birchall.

It has been agreed that Philip Lombard will be appointed as a director of Dalsu
Investment Proprietary Limited (the Botswanan wholly owned subsidiary of
Kalahari Copper). Therefore, on Admission, the percentage of AIM securities not
in public hands at admission will be 53.04% (which includes all locked-in
parties in accordance with the AIM Rules).

Note

Capitalised terms which are not defined in this announcement have the same
meaning given to them in the AIM Admission Document which was published on 31
March 2026 and is available to download at https://oscillateplc.com/.

Oscillate PLC/ Serval Resources [email protected]

Robin Birchall +44 (0) 7711 313 019

Cathy Malins [email protected]

+44 (0) 7876 796 629
AlbR Capital Limited (Corporate Adviser) +44 (0) 207 469 0930

Guy Miller

Charles Goodfellow
SP Angel (Corporate Broker) +44 (0) 203 470 0470

Richard Morrison

Charlie Bouverat

Devik Mehta
Tavistock Communications (PR) +44 (0) 20 7920 3150

Charles Vivian [email protected]

Eliza Logan

About Serval Resources

Serval Resources is focused on unlocking value across a high-potential portfolio
to become a leading mid-cap copper and future metals explorer and developer.

By securing exploration and development assets in the upcoming copper belts
ofNamibia,Botswanaand Côte d’Ivoire, the Company will be strategically
positioned to capitalise on the rising demand for sustainable copper and
associated metals, driven by the global energy transition and the need for
responsible, independent supply chains.

These regions remain relatively under-explored in contrast to their high
potential. Serval will look to apply modern and rigorous exploration techniques,
as well as the depth of experience of its management team, in order to
systematically evaluate, secureand developprospective opportunities to the
benefit of all its stakeholders.

Serval Resources is a brand operated by Oscillate PLC, which is listed on
theUK’sAQSE Growth Market Exchange under the ticker AQSE: SRVL.Subject to
shareholder approval, the Company will officially change its name to Serval
Resources around the time of moving up to AIM in 2026.

For further information, visit:

· https://servalresources.com/
· https://x.com/ServalResources
· https://www.linkedin.com/company/serval-resources/

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