Madagascar Oil has made the following Board changes, all of which are taking place with immediate effect.

Mr Teck Soon Kong, a Non-Executive Director of the Company and nominated representative of Benchmark Advantage Fund Ltd and BMK Resources Limited (the "Benchmark Parties") has, at the direction of the Benchmark Parties, resigned from his position as a representative of the Benchmark Parties and Non-Executive Director of the Board, with immediate effect.

In addition, Mr Al Njoo has resigned from his position as a representative of the Benchmark Parties and Non-Executive Director of the Board, with immediate effect.

Tags: Madagascar Oil S.A.