RAK Petroleum plc: Resignation from Board of Directors

United Kingdom, 24 September 2018 

RAK Petroleum plc, the Oslo-listed oil and gas investment company, today announced that Ambassador Zalmay Khalilzad has resigned from its Board of Directors effective immediately, following his appointment as the US Special Representative for Afghanistan Reconciliation.

"RAK Petroleum has greatly benefited from Ambassador Khalilzad's contributions over many years, drawing from his decades of success in diplomacy and commanding knowledge of geopolitical affairs. We are grateful for his good counsel, dedication and service and wish him great success in his new role with the US Government," said Bijan Mossavar-Rahmani, Executive Chairman of RAK Petroleum plc.

Following Ambassador Khalilzad's departure, the Company's Board of Directors consists of five members.

For further queries, please contact:
Kevin Toner
Managing Director
RAK Petroleum plc
Email: [email protected]

About RAK Petroleum plc
RAK Petroleum plc is an Oslo Børs listed oil and gas investment company established under the laws of England and Wales as a public limited company. Its principal holdings are 40.45 percent of DNO ASA and 33.33 percent of Foxtrot International LDC held through Mondoil Enterprises, LLC.  Founded in 1971 and listed on the Oslo Børs since 1981, DNO ASA is a Norwegian exploration and production company focused on the Middle East and the North Sea with interests in oil and gas blocks in various stages of exploration, development and production, both onshore and offshore. Foxtrot International LDC is a privately-held company active in West Africa whose principal asset is a 27.27 percent interest in and operatorship of Block CI-27 offshore Côte d'Ivoire.