Phoenix Power Company SAOG announced that it has resolved the following at the meeting of the Board of Directors held on 26 April 2016. The Board of Directors appointed Mr. Abhishek Kalla as suitably qualified Board Secretary. The board accepted the resignation of Mr. Peter Kevin Jones from his position as a member of the Board and change of his designation from EMD to CEO with effect from 26 April 2016.

The board accepted the resignation of Mr. Kazuaki Shibuya from his position as a member of the Board as the representative of Axia Power Holdings B.V. with effect from 26 April 2016. The board approved the appointment of Mr. Carlos Alcazar as a member of the board with effect from 26 April 2016. The board approved the appointment of Mr. Tomoki Nishino as a member of the Board as the representative of Axia Power Holdings B.V. with effect from 26 April 2016.

The board appointed Mr. Peter Kevin Jones as an official spokesman for the Company.