On March 20, 2024, IPB Petroleum Limited announced that on February 12, 2024, regarding the receipt of a notice under section 249D of the Corporations Act from Shenton James Pty Ltd, Gremar Holdings Pty Ltd, Astute Concepts Pty Ltd, Gregory Hackshaw, the Requisitioning Shareholders have withdrawn the notice. Accordingly, the Company advises that the requirement to consider the requisitioned resolutions at a meeting of shareholders will no longer apply and hereby cancels the general meeting that was to be held on the April 8, 2024. Further to the withdrawal of the notice, the Company advises the following changes to the board of directors : (1) Each of Brett Lawrence and Douglas Jendry have been appointed as Non-Executive Directors of the Company, (2) Craig Costello has resigned as Non-Executive Director of the Company, the board would like to thank Costello for his efforts and contributions during his time at the Company, (3) Jessica Ridley has been appointed as Joint Company Secretary, alongside the current Company Secretary, Martin Warwick.

Ridley and Warwick will be jointly responsible for communications.