Corcel PLC, a pan Angolan / Brazilian Oil and Gas company, has announced that it has received notice of the conversion of 100,000 outstanding loan notes from its lenders, YA II PN Ltd and Riverfort Global Opportunities PCC Limited, into 25,000,000 new ordinary shares of the Company at a price of 0.004. The shares are expected to be admitted to trading on AIM on or around September 22, 2023. Following the issue of the shares, Corcel's issued ordinary share capital will comprise 1,499,528,988 ordinary shares, all of which have equal voting rights and none of which are held in Treasury. The total number of voting rights in the Company will therefore be 1,499,528,988. Shareholders can use this figure as the denominator for calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.