Phoenix Power Company SAOG (the “Company”) advises the Capital Market Authority, the Muscat Securities Market and the investors’ community that it has resolved the following at the meeting of the Board of Directors held on 26 July 2016:
1. Approval of unaudited financial statements for the 6-month period ended 30 June 2016 together with the Board of Directors’ Report
2. Acceptance of the resignation of Mr. Hiromi Sakakibara from his position as a member of the Board as the representative of Chubu Electric Power Sur B.V. with effect from 26 July 2016
3. Approval of the appointment of Mr. Wataru Motomiya as a member of the Board as the representative of Chubu Electric Power Sur B.V. with effect from 26 July 2016