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Oando PLC Announces Appointment of New Directors

Oando PLC (“Oando” or the “Company”) hereby notifies the shareholders and other stakeholders that the Board of Directors of the Company has appointed Mr. Ken Igbokwe and Mr. Bashir Bello as Independent Non-Executive Directors of the Company in accordance with Article 88 of the Company’s articles of association, effective 25 November 2024.

Mr. Ken Igbokwe

Ken Igbokwe is a highly experienced management and consulting professional with over 35 years of expertise in various sectors, including oil & gas, financial services and the public sector. During his distinguished career at PwC Nigeria, Ken held key top leadership roles in Assurance, Tax and Consulting. His experience spans a wide range of areas such as statutory, financial and process audits & assurance, business valuations, dispute resolution, financial and information systems risk management, corporate strategy development, corporate performance management, and tax planning.

In his role as Country Leader of PwC Nigeria, Ken had responsibility for driving strategic thinking and the visioning that underpinned the growth of the firm. He was in this leadership position for 10 years during which PwC Nigeria business recorded tremendous growth with PwC becoming the leading “Big 4” brand. He led the PwC West Africa business into the Africa-wide PwC merger in 2012. Ken contributes to public discourse and debates on public sector transformation in Nigeria and on matters which focus on corporate governance and the strengthening of the investment climate.

Ken holds a B.Sc. (Eng) degree in Mechanical Engineering from Imperial College, London University, which he attended as a Shell Scholar and graduated from, in 1978. He is a current member of the Institutes of Chartered Accountants England & Wales, and Nigeria. He is also a current member of the Chartered Institute of Taxation of Nigeria.

Mr. Bashir Bello

Bashir Bello is an Oil & Gas Professional with over 32 years of experience in Technical and Executive Management positions across the industry. His expertise spans all sectors, from Downstream (Refining) to Midstream (LNG) and Upstream (Exploration and Production), with a strong focus on Operations, Engineering, Project Management, and Corporate Governance.

Bashir has served as a Board Member for Shell Petroleum Development Company of Nigeria Limited, Bonny Gas Transport Company, NLNG Ship Manning Company Limited, and various Board Committees of Nigeria LNG.

With a proven ability in Interface and Stakeholder Management, Bashir is skilled at delivering business value in Joint Ventures with diverse shareholder agendas, managing projects with complex interfaces and stakeholder expectations, and overseeing operations with diverse functional requirements and limited resources.

Bashir holds a Bachelor of Engineering (B.Eng.) in Mechanical Engineering from Bayero University Kano, Nigeria. Bashir is a Fellow of the Nigeria Society of Engineers (NSE), and a Registered Engineer with the Council for the Regulation of Engineering in Nigeria (COREN).

For: Oando PLC

For further information, please contact:

Ayotola Jagun

Company Secretary

The Wings Office Complex

17a Ozumba Mbadiwe Avenue

Victoria Island,

Lagos, Nigeria.

Tel: +234 (1) 270400, Ext 6159

ajagun@oandoplc.com

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