SMN Power Holding SAOG advised the Capital Market Authority, the Muscat Stock Exchange and the investors' community that it has resolved the following at the meeting of the Board of Directors (the "Board") held on 11 May 2023: Approval of appointment of Mr. Tomaz Henrique Guadagnin, as temporary member of the board of directors of the Company until the next ordinary general meeting of the Company. Approval of appointment of Mr. Tomaz Henrique Gaudagnin as a member of the Nomination and Remuneration Committee of the Company. Mr. Tomaz Guadagnin holds a Bachelor's degree in Electrical Engineering and Electrical Power System from Universidade Federal de Santa Maria, RS,Brazil.

Mr. Tomaz has extensive experience on the operation, maintenance, health, safety, security and environment aspects of electric power stations and desalination plants of different sizes in South America, Middle East, and Southeast Asia.