LEKOIL announced the resignation of Mr. Hezekiah Adesola Oyinlola and Mr. Thomas Schmitt as Non-Executive Directors. Further to the implementation of the Company's general and administrative ("G&A") cost reduction measures, Mr. Oyinlola and Mr. Schmitt have voluntarily resigned from the Company's Board of Directors with immediate effect. Following these departures, Mr. Anthony Hawkins will assume the role of Chairman of the Audit Committee, and Mrs. Aisha Muhammed Oyebode will retain her role as the Chairman of the Remuneration Committee.