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Board of Directors resolutions’ disclosure - April 2022 21 Apr 2022

Phoenix Power Company SAOG (the “Company”) advises the Capital Market Authority, the Muscat Stock Exchange and the investors’ community that it has resolved the following at the meeting of the Board of Directors held on 21 April 2022:

1.    Approval of the audited financial statements for the period ended 31 March 2022 together with the Board of Directors’ Report.

2.    Accept the resignation of Mr. Carlos AlCazar from his position as Deputy Chairman of the Board and as Chairman of Nomination and Remuneration Committee with effect from 21 April 2022 due to personal related reasons.

3.    Appoint Mr. Mohammed Fatih Abdel Kariem as a temporary member of the Board of Directors, with effect from 21 April 2022.

4.    Acceptance of the appointment of Mr. Sultan AL Tai who has more than 22 years of experience in the investment sector as a member of the Board, as a representative of civil service employees’ pension fund as a replacement of Mr. Rashad AL Battash with effect from 24 April 2022.

5.    To appoint Mr. Adrian Rothlisberger as a deputy chairman of the board.

6.    Re-formation of the Nomination and Remuneration to be chaired by Mr. Adrian Rothlisberger and membership of each of Mr. Khalid Mohammed and Mr. Hideharu Tatedori.

7.    Re-formation of the Audit Committee to be chaired by Mr. Mohammed Fatih Abdel Kariem and membership of each of Mr. Tsuchiya Ryosuke and Mr. Hideharu Tatedori.



Ahmed Zahir AL Abri

Chief Financial Officer / Disclosure Officer