ADM Energy PLC announced the appointment of Lord Henry Bellingham as Chairman of the Board of Directors of ADM Energy plc and the resignations of Oliver Andrews and Richard Carter. Lord Bellingham has served as a non-executive director of the Company since July 2020 and has enjoyed a distinguished Parliamentary career of almost 40 years and held a number of senior positions including: Foreign Office Minister for Africa, The UN, Caribbean, Overseas Territories and Conflict Issues; Chairman of the Westminster Foundation for Democracy; Chairman of the All-Party Group on the Commonwealth; and the Prime Minister`s Trade Envoy to Libya. In 2016, he was Knighted in the New Year Honours list for Parliamentary and Political Service.

He sits in the House of Lords after being awarded a Life Peerage in 2020. In addition to his Parliamentary career, Lord Bellingham has held five former non-executive roles for AIM companies, and this includes chairing Pathfinder Minerals plc. He is also currently chairman of four private companies.

Prior to entering Parliament, Lord Bellingham practised as a barrister having graduated from Magdalene College, Cambridge with a master's degree in Law. The appointment of Lord Bellingham follows the anticipated resignation, which had been planned since early 2023, of Mr. Oliver Andrews as Chairman of the Board, a position he has held since 2 August 2021. Mr. Andrews, who is resigning to focus on other endeavours, has provided steady guidance to the Board and Company during 2023 as the Company has transitioned its management team and diversified to include oil and gas assets in the USA.

Additionally, Mr. Andrews has supported the Company financially, including investing US$100,000 in the Secured Convertible Loan Note announced in the RNS dated 25 May 2023. Mr. Richard Carter, an executive director of the Company since 26 July 2016, has also resigned to pursue other opportunities. Mr. Carter has played an important role with the Company's investment in Aje as well as providing guidance to the company as it has diversified.

The appointment of Lord Bellingham and the resignation of Mr. Andrews is with effect from 8 November 2023 and the resignation of Mr. Carter will be with effect from 1 December 2023 to allow an orderly transition of affairs for the Company. With the resignations of Mr. Andrews and Mr. Carter, the Board will be reduced from six directors to four.