The East African Oil & Energy Exploration Company plc
LSE : EAOP

September 13, 2011 08:14 ET

APPOINTMENT OF A NEW DIRECTOR AND ISSUE OF EQUITY

13 September 2011

                           THE EAST AFRICAN OIL & ENERGY EXPLORATION COMPANY PLC
                                     ("East African" or "the Company")
                                                     
                             APPOINTMENT OF A NEW DIRECTOR AND ISSUE OF EQUITY

The Board would like to announce the appointment of Grahame Rose as a Non-Executive Director of the
Company. Grahame Rose is currently CEO of Ronaldsway Private Equity Plc and Chairman of Agneash Soft
Commodities Plc which are both PLUS listed investment vehicles. Grahame offers extensive experience in
corporate turnaround and recovery, company growth and exit strategies. Grahame has an MBA and has studied
Leadership at London Business School and Turnaround, Restructuring and M&A at Harvard Business School. He
has an extensive network of contacts within business support services and across the business spectrum.

In addition to the directorship of the Company, Grahame Rose holds or has held the following directorships
or has been a partner in the following partnerships within the five years prior to the date of this
announcement.

 Current Directorships / Partnerships                                          Past Directorships
 Medicine Hat Limited                                                          Excalis Limited
 Ronaldsway Private Equity Plc
 Agneash Soft Commodities Plc
                                                                               
In addition, the Company has issued Rivington Street Corporate Finance 905,298 shares at 0.8p per share, in
lieu of corporate advisory fees. Nick Woolard (director), Grahame Rose (director) and CF Secretaries
Limited (Company Secretary) have all been issued 1,250,000 shares each at 0.8p per share, in lieu of fees.

Nick Woolard and Graham Rose each now hold 1.9% of the current total issued share capital of the Company.

The total ordinary shares of 0.8p each in issue following the above allotments are 65,738,747 shares.

The Directors of the issuer accept responsibility for this announcement.

ENDS

Contacts:

The East African Oil & Energy Exploration Company plc
Nick Woolard
Tel: 07624 435474

Rivington Street Corporate Finance
Heena Karani
Tel: 0207 562 3393
Heena.karani@rs-cf.com

Contact Information

  • The East African Oil & Energy Exploration Company plc