ADM Energy plc announced that Stefan Olivier joining as Chief Executive Officer. The appointment of Mr. Olivier come further to the Company's announcement of 17 October 2022 pursuant to which OFX Holdings, LLC has been granted the right to appoint two directors as part of its £500,000 equity subscription and USD 250,000 loan facility, which has now been fully drawn down. Stefan Olivier is a British citizen with extensive corporate broking and oil and gas experience including as co-founder of MX Oil plc (now ADM Energy plc).

Stefan played a central role in initially securing and financing the participation of the Company in the Aje Field, OML 113 and in securing the support of OFX prior to its initial investment in the Company. He was a founder and Chief Executive Officer at North American Petroleum plc from 2012 until 2017. He has been on the Board of several other public and private companies and brings years of experience of working in natural resources to the Board of the Company.

Stefan Olivier (age 44) pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies. Current Directorships /Partnerships: Atlantic Bridge Energy Limited and Metahouse NFT Limited. Past Directorships /Partnerships (within the last five years): ADM Energy plc, Naturi Vita Ltd, Renaissance Senior Living Holdings Ltd, Renaissance Senior Living plc and Sko Holdings London Ltd. Mr. Olivier currently holds no shares in the Company.