Directorate Change

1 September 2023

Aminex plc

("Aminex" or "the Company")

Directorate Change

Aminex is pleased to announce the appointment of Robert Ambrose as a Non-Executive Director of the Company with immediate effect. Mr. Ambrose will also replace James Lansdell, who steps down as a Non-Executive Director with immediate effect. Mr. Ambrose served on the Board of Aminex between September 2019 and April 2020 as a Non-Executive Director and as interim Chief Executive Officer between April 2020 and January 2021.

As the Ruvuma effort moves forward, this Board change will enhance the Company's ability to address the operational nature of the project.

Robert Ambrose is presently the Chief Compliance Officer for ARA Petroleum. He was the Chief Operating Officer of The Zubair Corporation's Energy & Logistics Division. He has a Master's in Petroleum Engineering from Imperial College, London, and a Mechanical Engineering Honours Degree from Brunel University in the UK. He has approximately 40 years of experience in the oil and gas industry, from downstream to upstream, covering many aspects of the supply chain. He has experience in and has held senior management roles involving the reservoir, well construction, and production both onshore & offshore. Mr. Ambrose joined The Zubair Group in 2001.

Under the terms of the Shareholder and Relationship Agreement dated 8 July 2016, Eclipse Investments LLC ("Eclipse") has the right to appoint two directors. Along with Sultan Al-Ghaithi, Robert Ambrose is a representative director appointed by Eclipse. At next year's AGM, Mr. Ambrose will be proposed for election by shareholders. 

Aminex confirms that no matters require disclosure regarding this appointment under paragraph LR9.6.13R of the Listing Rules of the Financial Conduct Authority.

Charles Santos, Executive Chairman of Aminex, commented:

"We warmly welcome Robert back to the Board of Aminex and look forward to working with him again. As the development of the Ruvuma project progresses, we will be able to harness Robert's significant technical and operational expertise to enhance shareholder value further. 

On behalf of the Board, we thank James for his important contribution to the Company over the last three years. We look forward to continuing our working relationship with him through his roles with The Zubair Corporation and ARA Petroleum."