Challenger Energy Group PLC announced that as a result of the various resolutions at the EGM, and as communicated in the Notice of EGM held on March 4, 2022, the following changes to the Company's Board of Directors took effect on 5 March 2022: Mr. William Schrader, Non-Executive Chairman, and Mr. James Smith, Non-Executive Deputy Chairman, have both stepped down from the Board; Mr. Iain McKendrick has joined the Board as Non-Executive Chairman; and Mr. Tim Eastmond, the Company's Chief Financial Officer, has joined the Board as an Executive Director. As was communicated in the Notice of EGM, it is Mr. Simon Potter's intention to step down from the Board within the next three months.