Lekoil : Directorate Change

RNS Number : 5704V

Lekoil Limited

15 April 2021

15 April 2021

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Lekoil Limited

("LEKOIL" or the "Company")

Directorate Changes

Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces the following Board change.

George Maxwell, an independent non-executive director of the Company, has tended his resignation to focus on his new role as CEO of VAALCO Energy, Inc., Mr. Maxwell will be stepping down from his committee memberships later this week but has indicated that he is willing to remain on the board until 30 April 2021 (if required) to ensure an orderly transition.

Further to the Company's announcement of 8 January 2021, the following details in relation to the appointment of Thomas Donald Richardson (aged 39) are disclosed in accordance with Schedule 2(g) of the AIM Rules:

Current directorships	Past directorships held within the
	last five years
TDR Enterprise Holdings Ltd	Nostrum Oil & Gas Plc
TDR Enterprise Ltd	Nostrum Oil & Gas UK Ltd
TDR Property Investments	Cothill Educational Trust
Metallon UK ltd	Sokoni Ventures
Bulawayo Mining Company	Sokoni Medical
-	138-140 Gloucester Terrace (Management)
	Ltd.

As at the date of this announcement Mr Richardson holds no ordinary shares of US$0.00005 par value each in the share capital of the Company.

Mr. Richardson is the Chief Executive Office of Metallon Corporation which holds 81,000,000 ordinary shares of US$0.00005 par value each in the Company.

The following details in relation to the appointment of Michael Onochie Ajukwu (aged 64) are disclosed in accordance with Schedule 2(g) of the AIM Rules:

Current directorships	Past directorships held within the
	last five years
MTN Nigeria	Mobax Nigeria Ltd
International Breweries Ltd	Intafact Beverages Ltd
Sterling Bank plc
Tigerbrands SA
Munca Properties Investment Ltd
MU&A Global Services Ltd
FAL Limited
Novotel Hotels Nigeria Ltd
Broad Street Capital Partners

As at the date of this announcement Mr Ajukwu holds no ordinary shares of US$0.00005 par value each in the share capital of the Company.

The following details in relation to the appointment of George Walter Mitchell Maxwell (aged 55) are disclosed in accordance with Schedule 2(g) of the AIM Rules:

Current directorships	Past directorships held within the
	last five years
Rising Stag Investments Limited	Eland Oil & Gas Limited (PLC)
Hirola Energy Ltd	Elcrest Exploration & Production Limited
Vaalco Energy, Inc.	Wester Ord Oil & Gas Limited
-	Tarland Oil & Gas Limited
-	Eland Oil & Gas Nigeria Ltd
-	Elstar Exploration & Production Nigeria
	Limited
-	Wester Ord Nigeria Limited
-	Westport Oil Limited

As at the date of this announcement Mr Maxwell holds no ordinary shares of US$0.00005 par value each in the share capital of the Company.

- ENDS -

For further information, please visit www.lekoil.comor contact:

LEKOIL Limited

Hamilton Esi, Corporate Communications

Ore Bajomo, Investor Relations	[phone]
SP Angel Corporate Finance LLP
(Nominated Adviser and Sole Broker)
John Mackay / Jeff Keating / Stuart Gledhill /	[phone]
Richard Hail

Instinctif (Financial PR)	[phone]
Mark Garraway / Galyna Kulachek / Sarah	[e-mail]
Hourahane

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