The Board of Directors of Noble Group Limited announced that they have accepted the resignation of Mr. Jeffrey Frase as Co-Chief Executive Officer and Executive Director of Noble Group effective 13 November 2017 to pursue other opportunities outside of the Group. Mr. William Randall, who is currently Co-Chief Executive Officer and Executive Director of Noble Group will, effective from 13 November 2017, serve as Chief Executive Officer and continue as an Executive Director. Mr. Frase has been the guiding force behind the expansion and profitability of the Group's global oil liquids platform in recent years and, under his leadership, the business has been successfully positioned for the proposed disposal to Vitol.

With the completion of the Proposed Disposal expected by the end of 2017, Mr. Frase has decided to resign as Co-CEO and Global Head of Oil Liquids to focus on other opportunities where his leadership, market knowledge and extensive network can be leveraged.