Lekoil Limited in its Extraordinary General Meeting, held on 8 January 2021, approved the appointment of Michael Ajukwu, Thomas Richardson and George Maxwell to its board of directors with immediate effect. At the General Meeting the Company's Chairman, Mr. Mark Simmonds, noted his intention to stand down from that role with immediate effect with a new Chairman to be appointed by the enlarged board of directors. Mr. Simmonds also noted his intention to stand down from the board at the Company's next Annual General Meeting.