Beach Energy Limited announced that it has appointed Mr. Brett Woods as Managing Director to commence 21 February 2024 or such other date as mutually agreed. Mr. Woods has over 25 years of experience in upstream oil and gas including most recently 10 years at Santos where he undertook a number of executive roles including Chief Operating Officer, Vice President Developments and Vice President Eastern Australia business unit. In the intervening period current non-executive director Mr. Bruce Clement has been appointed interim Chief Executive Officer (CEO) and will continue as an executive director.

Commenting on the interim CEO role Mr. Davis said the board is confident in the ability of Mr. Clement to continue to deliver Beach's growth projects and drive operational performance. Mr. Morné Engelbrecht has immediately ended his tenure as CEO. Bruce Clement: BEng (Civil) Hons, BSc, MBA, Mr. Clement has over 40 years of domestic and international energy industry experience.

He has managed oil and gas exploration, development and production operations in Australia and Asia and has delivered key projects across these regions and in the UK and US. He also has extensive experience and knowledge of the Perth Basin, including overseeing the discovery of the Waitsia gas field as Managing Director of AWE. Mr. Clement previously held engineering, senior management, and board positions with several companies including Santos, Norwest Energy, AWE, ExxonMobil and Roc Oil.

He was previously Managing Director & CEO of AWE and Roc Oil and is currently a non-executive director of Horizon Oil. Mr. Clement holds a Bachelor of Engineering (Civil) Hons and a Bachelor of Science (Maths & Computer Science) from Sydney University and an MBA from Macquarie University. Mr. Clement was appointed a non-executive director of Beach Energy Limited on 8 May 2023.

Brett Woods: BSc (Hons) Geology and Geophysics; Mr. Woods is a leading senior executive in the energy sector with over 25 years of professional experience. He has an outstanding record of delivering major energy projects, cost and operational discipline and growing businesses in the UK, Africa, Australasia and North America. Mr. Woods began his career with Woodside Energy in the graduate program and held senior technical roles in Australia and Africa.

In 2007, Mr. Woods became Managing Director and CEO of African start-up Rialto Energy. He was responsible for growing Rialto's business through acquiring new exploration licences in Ghana and Cote d'Ivoire, raising capital and commencing 2 large drilling campaigns in the highly prospective Transform Margin. In 2013 Mr. Woods joined Santos and quickly moved into the executive leadership team assuming leadership of the Western Australia and Northern Territory Operating Division.

Mr. Woods led the successful transformation of the Cooper Basin and Gladstone LNG assets and played key roles in the successful acquisitions by Santos of Quadrant Energy, ConocoPhillips' Northern Australian business and Oil Search. More recently Mr. Woods assumed control of the Santos operated Infrastructure (LNG, Domestic Gas, Oil Fractionation facilities and Pipelines) and developed decarbonisation, Clean Fuels and CCS opportunities through leading Santos Energy Solutions business.