Directorate Change

Pharos Energy plc, an independent energy company, announces that Marianne Daryabegui, independent Non-Executive Director, will retire from the Board of Directors of Pharos at the conclusion of the Company's forthcoming annual general meeting (AGM) on 23 May 2024.

Accordingly, resolution 6 within the notice of the AGM, proposing the re-appointment of Marianne Daryabegui, will be withdrawn from consideration at the meeting.

John Martin, Chair, commented:

"Marianne has served as an independent Non-Executive Director of the Company for more than eight years over two separate terms. In that time she has overseen significant organisational and strategic change and has consistently provided the Board and the Company with a high standard of advice and strategic oversight as it navigated those changes, drawing on her extensive experience in industry and capital markets. On behalf of the entire Board, I would like to thank Marianne for her valuable contribution to the business throughout her service as a Director. We wish her all the very best in her future endeavours.".