Al Suwadi Power Company SAOG (the “Company”) advises the Capital Market Authority, the Muscat Securities Market and the investors’ community as follows:

The Board of Directors of the Company approved appointment of Mr. Yasushi Asano as a member of the Board of Directors on 4 February 2018 as representative of Blue Horizon Barka Power B.V., a juristic person, in place of Mr. Mitsuo Nakamoto who has tendered his resignation in January 2018. Mr. Yasushi Asano has a working experience of 20 years covering business strategy planning, power investment and trading and holds Bachelor of Economics degree.