The Board Election Meeting of IPB Petroleum Limited is scheduled for 21 February 2024 at which the current directors (Mr. Bruce McKay and Mr. Philip Smith) are required to resign at the conclusion of the meeting and be eligible for re-election together with any other persons who are validly nominated following conclusion of the meeting. In the case of Mr. Geoff King, he has advised that he does not intend to seek re-election at the Board Election Meeting and intends to resign with effect from the conclusion of the meeting. Mr. King had signaled his intention prior to the AGM that he was considering retiring before the second-strike resolution at the AGM as part of his personal retirement plans.