Araca Energy ASA announced that at the extraordinary general meeting held on 29 of August 2014, Lady Olga Maitland and Mr. Claude Gueant were elected as new members of the Board of Directors. At the same time, Guzel Mouksinova, resigned from the Board. Mr. Victor Okoh has also resigned from the Board of Directors, to take up a position as a part of the executive management of the Company to work on the other transaction.

Mr. Claude Guéant has served as Minister of the Interior during the Sarkozy government.