Pharos Energy PLC has announced the retirement of Marianne Daryabegui, an independent Non-Executive Director, from the Board of Directors at the conclusion of the Company's forthcoming annual general meeting (AGM) on 23 May 2024. As a result, the resolution proposing the re-appointment of Marianne Daryabegui will be withdrawn from consideration at the meeting. John Martin, Chair of Pharos Energy, expressed gratitude for Daryabegui's contributions, stating that she has provided the Board and the Company with a high standard of advice and strategic oversight during her more than eight years of service. He also acknowledged her role in overseeing significant organizational and strategic changes, drawing on her extensive experience in industry and capital markets. The Company expressed its appreciation for her valuable contribution and wished her the best in her future endeavors.