GLOBAL SPECTRUM ENERGY SERVICES : NOTIFICATION ON THE OUTCOME OF THE BOARD OF DIRECTORS MEETING OF GLOBAL SPECTRUM

Lagos, Nigeria.

March 25th, 2022

CORPORATE ANNOUNCEMENT

This is to inform Nigerian Exchange Limited (The "Exchange") and the investing public that further to the meeting of the Board of Directors of Global Spectrum Energy Services Plc ("The Company") held on Monday, 28th February 2022. The Board have considered and recommended to the shareholders of the Company, the voluntary delisting of the Company from the Exchange via a written resolution dated 24th March 2022. Also, the Board approved the Company's Audited Financial Statements for the year ended 31 December 2021 (2021 AFS) via a written resolution dated 24th March 2022.

Further to the above and Pursuant to Rule 17.17 of the Issuers' Rules of The Exchange, the Company will continue the closed period for trading in its shares which commenced on Friday, 31st December 2021 to end 24 hours after the release of the decisions taken at the board meeting and the 2021 AFS.

Accordingly, no Director, Person Discharging Managerial Responsibility, Employee, Adviser(s) of the Company, or their connected persons may directly or indirectly deal in the shares of the Company during the closed period.

Adetola Raheem

For: Rayfield Associates Company Secretary

Global Spectrum - Investor Relationshttps://globalspectrumplc.com/financial-review/shareholder-information/

Enquiries:

Adetola [e-mail][phone]

Abuja: 24B Colorado Street, Maitama; Lagos: 49A, Chris Madueke Street, Lekki Phase 1

Email:[e-mail] |www.globalspectrumplc.com | Telephone: [phone]