TomCo Energy plc announced the resignation of Mr. Robert Kirchner as a Non-Executive Director of the Company with June 4, 2021. The Company has entered into an agreement with Mr. Kirchner by which his departure arrangements have been settled, including that the Company can avail itself of Mr. Kirchner's expertise and advice in the oil and gas sector over the next 12 months. The total amount paid under this agreement is £32,500. Entry into the agreement constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. Accordingly, the independent directors, being Mr. Malcolm Groat, Mr. John Potter, Mr. Louis Castro and Mr. Richard Horsman, having consulted with the Company's Nominated Adviser, Strand Hanson Limited, consider that the terms of the agreement are fair and reasonable insofar as the Company's shareholders are concerned.