Deadline extended re: offer to acquire lek shares

RNS Number : 3537B

Lekoil Nigeria Limited
(“Lekoil Nigeria”)

UPDATE RE: OFFER TO ACQUIRE LEKOIL LIMITED SHARES AND POTENTIAL SHARE EXCHANGE

(The Offers”)

LAGOS, Nigeria. 10 February 2022

Lekoil Nigeria’s written requests to Lekoil Limited that it instructs Computershare, Lekoil Limited’s registrars, to co-operate with Lekoil Nigeria in respect of The Offers was met with a denial of consent to cooperate. However, Lekoil Nigeria continues to process incoming acceptances to the Cash Offers.

Lekoil Nigeria currently holds 51,943,334 Ordinary Shares in Lekoil Limited, representing 9.68% of the company.

The Board of Lekoil Nigeria has decided to extend the deadline for acceptances by seven weeks, to Thursday 7 April 2022, to allow sufficient time to close all transactions in light of the alternate process embarked upon. The process update for the Share Exchange Offer will be released shortly.

In the interim, if any shareholder wishes to notify Lekoil Nigeria directly of their intention to accept the Offers, they are invited to do so via email to offers@lekoil.com.

For further information, please contact:

LEKOIL Nigeria Limited
Hamilton Esi, Corporate Communications
+234 810 642 1047
Damilola Isafiade, Investor Relations
+234 818 007 5493

Hudson Sandler (Financial PR)
Mark Garraway
+44 (0)7771 860938