Woodbois Limited announce the following changes to enhance its future development. As a result of the organisational review previously announced it has become clear that theCompany needs a full-timeExecutiveChair if it is to achieve the demanding plans it is developing. Guido Theuns, who was appointed to the Board on 4 December 2023, has been invited and has accepted this role with immediate effect.

He has extensive African and financial reorganisation experience. Graeme Thomson, outgoing Chair, will reduce the time he devotes to the Company owing to his expanding other interests but has agreed to remain as Senior Independent Non-Executive Director.