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PR. 170/2012 GOIL-APPOINTMENT OF MANAGING DIRECTOR

GOIL announces that the Board of Directors of the company has appointed Mr. Patrick Akpe Kwame Akorli as the Managing Director of the company effective June 1, 2012.

Until his appointment, Mr. Akorli was the Finance Manager of the company. He joined the company in 1994 and has served in various positions including acting Chief Accountant, Treasurer, Chief Internal Auditor and on occasion, acted as the Fuels Marketing Manager.

Mr. Akorli is a Chartered Accountant by profession and also holds an Executive Masters degree in Business Administration from the Ghana Institute of Management and Public Administration (GIMPA).

Issued in Accra, this 1st
day of June, 2012