LEKOIL, announced the appointment of Pade Durotoye and Adeoye Adefuluas Non-Executive Directors of the Company, with immediate effect. Each of Mr. Durotoye and Dr. Adefulu will be nominated by the Company to sit on the board of directors of Lekoil Nigeria Limited, in accordance with the terms of the Shareholders Agreement between the Company and Lekoil Nigeria Limited (and others). The Company is also pleased to announce that it has agreed an appointment agreement with Ms. Felicia Kemi Segun that will allow it to appoint Ms. Segun to sit on the board of directors of Lekoil Nigeria Limited, such appointment to be made simultaneously with those set out above.