Appointment of Independent Non-Executive Director

9 May 2024 - Singapore: Jadestone Energy plc ("Jadestone", or the "Company"), an independent upstream company focused on the Asia-Pacific region, is pleased to announce the appointment of Linda Beal to its Board of Directors (the "Board") as an independent Non-Executive Director with immediate effect.

On appointment, Mrs Beal will join the Audit Committee as Chair, replacing Iain McLaren who, in line with previous announcements, will not seek re-election at the Company's Annual General Meeting on 13 June 2024. Mrs Beal will also join the Remuneration Committee and the Governance and Nomination Committee.

Linda Beal has over 30 years of experience advising the upstream sector and since 2018 has been a board director of several UK AIM listed exploration and production ("E&P") companies. She will bring corporate governance and financial expertise and experience to her role as Jadestone's Audit Committee Chair.

Linda joined Grant Thornton in 2013 as a Tax Partner, where she was Global Leader for Energy and Natural Resources with a mandate to build Grant Thornton's global energy and natural resources capability. Previously, Linda spent 30 years at PwC and its legacy firm Price Waterhouse in Audit and Tax, 16 of them as a Partner. With PwC's Natural Resources Independents business she focused on advising international E&P clients across the AIM, FTSE350, overseas listed and private sectors.

Linda graduated in 1982 from the University of Nottingham with a Bachelor of Science degree in Mathematics, thereafter qualifying at Price Waterhouse as a Chartered Accountant and was admitted to the Institute of Chartered Accountants of England and Wales in 1986.

Adel Chaouch, Chairman of Jadestone, commented:

"On behalf of Jadestone, I would like to thank Iain McLaren for his tenure on Jadestone's Board, particularly chairing the Audit Committee. We wish him well in the future.

We welcome Linda Beal to Jadestone's Board. Her sector experience, ranging from senior tax positions at top tier advisory firms to more recent board experience across the UK listed upstream sector means she is ideally placed to join Jadestone as a Non-Executive Director and Chair the Audit Committee. Together with Jadestone's other directors, I look forward to working with her to maintain the Company's high standards of governance."

Regulatory disclosures

Linda Janice Beal (née Coxon), aged 62, does not directly hold any ordinary shares nor options over ordinary shares in the Company and has held the following directorships in the past five years:

• Linda Beal Consulting LLP (current)
• Auxxilia Ltd (current)
• Nomad Players Ltd (current)
• Orca Energy Group Inc (current)
• Kropz plc (current)
• I3 Energy plc (current)
• Global Pricing Innovations Ltd (current)
• Hurricane Energy plc (previous)
• Airnow plc (previous)
• San Leon Energy plc (previous)
• Aminex plc (previous)
• FlowStream Royalties Ltd (previous)

Mrs Beal was a Non-Executive Director of Airnow plc from 13 April 2021 until her resignation on 6 November 2022. On 9 October 2023 Airnow plc entered into a Company Voluntary Arrangement.

There is no further information which is required to be disclosed under Schedule Two, paragraph (g), of the AIM Rules for Companies in respect of Linda Beal.