Announcement of New Chief Executive Officer of Heritage Oil Limited (“HOL”) and of Heritage Energy Operational Services Limited(“HEOSL”)

Heritage Oil Limited is pleased to announce that it has appointed Adogbeji (Ado) Oseragbaje as its new Chief Executive Office with effect from the 14th of July 2022. Ado will also lead HOL’s Nigerian operations as Chief Executive Officer of Heritage Energy Operational Services Limited.

Ado brings twenty-five years of global leadership experience in the oil and gas business and joins us from Baker Hughes where he was Vice President covering Sub-Saharan Africa. He has previously held senior positions, including at General Electric and Schlumberger, across the world.

Ado holds a Masters degree in Petroleum Engineering from Imperial College London and a Diploma in Real-Time Oilfield Project Management from Heriot-Watt University Scotland.

Naeem – Atiq Sadiq, has now stepped down from his current role as Chief Executive Officer of HOL and HEOSL but will remain with the company for an interim period to facilitate a smooth handover to Ado.

"We are delighted to appoint a person of Ado’s calibre as our new Chief Executive Officer. Ado brings a wealth of experience to the role that will be of huge benefit to the Company and its stakeholders, particularly in Nigeria. This is an exciting time for Heritage as we look forward to investing and growing our business. I would also like to thank Naeem for nearly 5 years of service to the Company and for agreeing to facilitate the handover."

Michele Faissola, Chairman of HOL statement on the appointment