PAL.L Regulatory News (PAL)

3 September 2020

EQUATORIAL PALM OIL plc

("EPO" or the "Company")

Board Changes

Equatorial Palm Oil plc (AIM: PAL), the Rule 15 company, announces the appointment of Mr Teh Kwan Wey as a Non-Executive Director with immediate effect. Mr Patrick Kee Chuan Peng and Ms Yap Miow Kien have left the board.

Mr Teh Kwan Wey is a Malaysian National and graduated with a Masters of Engineering, in Chemical Engineering from Imperial College London in 2006. After graduating, Kwan Wey remained in the UK and worked in investment banking before returning to Malaysia to join Kuala Lumpur Kepong Berhad ("KLK") in 2009. He is currently the General Manager (Corporate) of KLK and holds multiple corporate related responsibilities within the Company. Kwan Wey is also a director of many of KLK's subsidiaries. KLK is the majority shareholder in the Company.

Michael Frayne, Executive Chairman of EPO, commented:

"We are delighted that Kwan Wey has agreed to join the Board of EPO. Kwan Wey has been at KLK since 2009 and works as General Manager in KLK's corporate finance department. His guidance, experience and input will be extremely valuable for the Company, especially as EPO is now a Rule 15 company.

I would like to take this opportunity to thank Mr Kee and Ms Yap for their valuable contribution to the Company since their respective appointments as directors in 2019 and 2014."

Additional disclosure information

Save for the information in this announcement, there are no further disclosures to be made in accordance with Schedule Two (g) of the AIM Rules for Companies in respect of the appointment of Mr Teh Kwan Wey.

In addition to his appointment to the Board, Mr Teh Kwan Wey, aged 38, holds or has held the following directorships or partnerships in the past five years:

Mr Teh Kwan Wey does not have any direct and indirect interest in the issued share capital of the Company.

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For further information, please visit www.epoil.co.uk or contact:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.