Lekoil Limited announced the following appointments to the Company, each with immediate effect: Mr. Olapade Durotoye becomes the Non-Executive Chairman, Mr. Guy Oxnard becomes an Executive Director and Mr. Dipo Sofola becomes a Non-Executive Director. The appointments are part of a managed succession planning in which Mr. Anthony Hawkins and Mr. Al Tindall will each cease being Directors of the Company as of 30 June 2022. Mr. Hawkins has served as a Non-Executive Director of the Company since January 2020 and as the Interim Executive Chairman since June 2021.

Mr. Tindall has been a Non-Executive Director of the Company since April 2021. Mr. Guy Oxnard is a common law qualified upstream and midstream oil & gas lawyer with experience on four continents, including Africa. As a General Counsel, Executive Manager, Company Secretary and Head of Compliance he has specialised in the structuring, financing and management of transborder pipeline projects, with particular interest in joint venture governance.

He also is experienced in M&A and litigation management. Prior to joining Lekoil, Mr. Oxnard worked with Tullow Oil plc, Trans Adriatic Pipeline AG, Apache Energy Corp. and law firm Herbert Smith Freehills.

Mr. Dipo Sofola is a senior oil and gas executive with over a decade of energy experience, focused on energy commercialization and business development in the Nigerian oil and gas sector. Mr. Sofola is a Business Development Manager for Savannah Energy, where he leads on significant strategic projects, in line with Savannah Energy's objective of delivering impactful and transformative energy projects on the African continent. Previously, Mr. Sofola was a Senior Commercial Advisor at Seven Energy (now Savannah Entergy), leading on commercial transactions.

He has also previously worked as a Business Development analyst with multinational telecommunications group, Etisalat in Nigeria. Mr. Sofola holds a BA (Hons) in Business Finance from University of Durham and an MSc in Project and Enterprise Management from University College London.