NOTORE CHEMICAL INDUSTRIES : NOTIFICATION ON THE RETIREMENT AND APPOINTMENT OF A NEW GROUP CHIEF FINANCIAL OFFICER

Notore Chemical Industries Plc.

RC: 640303

Corporate Office

Notore Industrial Complex, Onne, Rivers State.

T: ([phone] F: [phone]

Lagos Office

6th Floor, Keystone Bank Building,

1, Keystone Bank Crescent,

Off Adeyemo Alakija St, Victoria Island, Lagos.

T: [phone], 461 5465, 461 5292

F: [phone]

W: www.notore.com

Lagos, 31st October 2022

RE: NOTORE CHEMICAL INDUSTRIES PLC. - NOTIFICATION OF CHANGES TO MANAGEMENT

Notore Chemical Industries Plc ("Notore" or "the Company") hereby notifies its Shareholders, Nigerian Exchange Limited and the Investing Public of the following changes to Management:

Retirement

Mr. Bola Tolujo - Group Chief Financial Officer

Mr. Bola Tolujo is a chartered accountant with over 25 years' cognate experience in banking, professional accountancy practice and the public sector. He is a fellow of the Institute of Chartered Accountants of Nigeria, an Associate of the Chartered Institute of Taxation of Nigeria and a member of the Information Systems Audit and Control Association (ISACA).

Mr. Bola Tolujo joined the Company in March 2008 as Financial Controller and rose to the position of the Group Head, Financial Control and Administration prior to his appointment as Group Chief Financial Officer ("GCFO") on 30th September 2020. In accordance with Company policy, Mr. Bola Tolujo retired as GCFO with effect from 29th October 2022.

Appointment

Ms. Chekwubechukwu Onianwa - Group Chief Financial Officer

Ms. Chekwubechukwu Onianwa has been appointed as the Group Chief Financial Officer ("GCFO") effective 29th October 2022. Ms. Onianwa holds a B.Sc. degree in Accounting/ Finance from Edo State University Ekpoma (now Ambrose and Ali University), she is a Fellow of the Institute of Chartered Accountants of Nigeria and has garnered over 20 years' cognate experience in Management Accounting.

Chekwubechukwu commenced her career as a Management Trainee with UACN Plc in 2001 where she worked in various roles as Management Account Controller, Business Efficiency Manager and Management Accountant. She joined Notore in 2008 as a Management Accountant and rose to the Head of Budgeting, Planning and Investor Relations, a role she held until her appointment as GCFO.

Mrs. Otivbo Saleh

Group Chief Legal Officer/Company Secretary

Board of Directors

Mr. Onajite Okoloko, Mr. Michael Osime, Engr. Mike Orugbo JP, Mr. Ike Osakwe, Mr. Michael Jansa (American), Mr. Hassan Badrawi (Egyptian), Mr. Bashir Lebada (Canadian), Mr. Femi Agbaje, Mr. Ohis Ohiwerei Group Managing Director/Chief Executive Officer, Mr. Olusoji Emiola, Mr. Tseyi Hammond, Mr. Ovie Ukiri, Mr. Ebiaho Emafo (Group Deputy Managing Director), Mr. Jonathan Pam.