HSBC Bank Oman S.A.O.G. announced that in accordance with the Commercial Companies Law issued by the CMA and due to changes in independence status, Paul Joseph Lawrence is no longer a member of the HBON Board of Directors (`Board'). In accordance HBON's Articles of Association the Board, on 8th December 2021, approved the appointment of Robert Underwood as a non-independent member on a temporary basis until the next Ordinary General Meeting, subject to Regulatory approval. His current roles include Director and Audit Committee Member of HSBC Bank A., Chairman and Board Member of the MENA Infrastructure Fund, and a Non-Board Member of the Audit Committee of HSBC Saudi Arabia Limited. He is a British national and currently resides in the UK.