Shumba Energy Ltd. Announced Changes to Its Board of Directors. These Changes Have Taken Effect Immediately, Subject to Regulatory Approvals and Compliance with Relevant Authorities. Shumba Energy Has Appointed Mr. Temo Timothy Bolokwe as an Executive Director.

in His New Role, Mr. Bolokwe Will Oversee the Group's Finance and Corporate Governance Functions. He Brings A Wealth of Experience to the Board, Having Served as the Group Financial Manager Since 2018. Before Joining Shumba Energy, Mr. Bolokwe Was Part of the Audit Team At Deloitte in Botswana.

He Is A Qualified Chartered Accountant and an Associate Member of the Botswana Institute of Chartered Accountants. Furthermore, in Compliance with the Financial Services Commission (Fsc) Regulations, Which Mandat the Appointment of At Least Two Residents of Mauritius to the Board, Shumba Energy Has Appointed Mr. Praveen Beeharry and Ms. Joshna Ramah Goordah as Replacements for Mr. Doversh Kumar Chumum and Mr. Alan Rungassamy, Who Have Resigned. Mr. Praveen Beeharry Is an Accomplished Accountant with over 20 Years of Expertise in Audit and Financial Reporting.

He Will Serve as the Chairman of the Audit Committee. Ms. Joshna Ramah Goordah Possesses over 14 Years of Experience as A Specialist in Compliance and Corporate Governance. She Will Be Advising the Board on Matters Concerning Corporate Governance and Regulatory Compliance.