CAVERTON OFFSHORE SUPPORT : 2022 AGM RESOLUTIONS

RC NO: 750603

CAVERTON OFFSHORE SUPPORT GROUP PLC 1 Prince Kayode Akingbade Close

Tel:	[phone]
Tel:	[phone]
Mail:	[e-mail]

Website: www.caverton-offshore.com

Lagos, 30th June 2023

RESOLUTIONS PASSED AT CAVERTON OFFSHORE SUPPORT GROUP PLC'S AGM

This is to inform NGX Regulation Limited and the investing public that at the 14th Annual General Meeting of Caverton Offshore Support Group Plc (COSG or the Company) held on Tuesday, 27th June, 2023 , the following resolutions were duly passed:

1. That the Audited Financial Statements of the Company for the year ended 31st December 2022 together with the Reports of the Directors, Auditors and Audit Committee thereon be received.
2. That the following Directors be and are hereby re-elected as Non- Executive Directors:
3. 1. Mr. Aderemi Makanjuola
   2. Mallam Bello Gwandu
   3. Mr. Sola Falola
4. That Directors be authorized to fix the remuneration of Auditors for the 2023 financial year.
5. That the remuneration of Managers of the Company was disclosed to members at the meeting.
6. That the following be and are hereby re-elected/appointed as members of the Statutory Audit Committee:
7. 1. Mr. Akin Kekere-Ekun - Non Executive Director
   2. Chief Raymond Ihyembe - Non Executive Director
   3. Mr. Adetola Abiodun Atekoja - Shareholders' Representative
   4. Mr. Friday Ejere Odigue - Shareholders' Representative
   5. Mr. Hakeem Shagaya - Shareholders' Representative

BOARD OF DIRECTORS:

Mr. Aderemi Makanjuola (Chairman), Mr. Olabode Makanjuola (CEO), Mr. Akin Kekere-Ekun,Mr. Akinsola Falola,HRM Dr. Edmund Daukoru ,Mr. Bashiru Bakare, Mallam Bello Gwandu,, Chief Raymond Ihyembe,.

Special Business

1. That the remuneration of the Directors of the Company for the year ending December 31, 2023, be and is hereby fixed at N2 million for each Director and N3 million for the Board Chairman.
2. That the renewal of recurrent transactions which are of trading nature or those necessary for its day-to-day operations from related companies in accordance with the Rules of the Nigerian Exchange Limited governing transactions with related parties is authorized.
3. That in compliance with the provisions of section 240 (2) of the Companies and Allied Matters Act 2020 as amended by the provisions of section 11, Schedule 1 of the Business Facilitation (Miscellaneous Provisions) Act 2022, that shareholders authorize and approve for the Company to hold its general meetings electronically and physically and that Memorandum of Association of the Company be amended accordingly pursuant to the Shareholders authorization and approval.

AMAKA OBIORA

COMPANY SECRETARY

BOARD OF DIRECTORS:

Mr. Aderemi Makanjuola (Chairman), Mr. Olabode Makanjuola (CEO), Mr. Akin Kekere-Ekun,Mr. Akinsola Falola,HRM Dr. Edmund Daukoru ,Mr. Bashiru Bakare, Mallam Bello Gwandu,, Chief Raymond Ihyembe,.