Directorate Change

Polemos plc

(the "Company")

Directorate Change

The Company is pleased to announce the appointment of Spencer Wilson as a Non-Executive Director of the Company with immediate effect.

Mr. Wilson is a financier and has been Chief Executive Officer at Markab Capital Limited ("Markab"), a boutique Middle East-focused investment bank and family office since 2010. Mr. Wilson currently oversees deal origination at Markab as well as developing financing and M&A opportunities for the firm. Prior to joining Markab, Mr. Wilson worked as a Managing Partner at Churchill Merchant Capital, Inc. from 2000 to 2002 and then a Senior Managing Director at Newhaven Merchant Bankers from 2002 to 2010. Among other directorship positions, Mr. Wilson is a director of Amara Dhari Investments Limited who, together with Qatar Consulting Company, is interested in 18.18% of the Company's total voting rights.

David Lenigas, Executive Chairman of the Company, commented:

"The Board looks forward to working with Spencer as a Non-Executive Director of the Company as it continues to seek value for shareholders through the Oil and Gas sector."

For further information, please contact:

Polemos plc +44 20 7440 0640

Donald Strang

N+1 Singer (Nominated Adviser and Broker) +44 20 7496 3000

Aubrey Powell / Alex Wright

Appendix - Information required under AIM rules

Save as disclosed below, there are no further disclosures to be made under Schedule Two, paragraph (g) of the AIM Rules.

Spencer John Wilson, aged 36. 

Current directorships

Markab Capital Limited

Newhaven GMBH

Octavian Growth Partners Limited

NIH Management

Amara Dhari Investments Limited

Phoenician Corporation IV Limited

Edwin Lee Holdings Inc.

Amara Holdings Inc.

Newhaven Investments House, Inc.

Newhaven CBH, Inc.

Eights Triple, S.A.

Prosperitas Capital Corp

Grosvenor Et Cie, S.A.

Trois Tres III, Inc.

NM Bancorp Limited

Past directorships held within the last 5 years

RAK Real Estate Limited

Phoenician V Limited (now known as Makkah & Madinah Holdings)

AMK Investments Ltd