BOARD OF DIRECTORS CHANGE

Global Oil Shale Group Plc (“GOS”), the specialised oil shale mining and processing company, is pleased to announce that Mr Harri Turpeinen (CTO) and Mr Pii Ketvel (Non-Executive Director) have joined Global Oil Shale Group Plc Board of Directors. At the same time Mr Mathew Sutcliffe has resigned his position as the Board Member of GOS.

 

Mr Turpeinen, oil shale Chemistry specialist, (MSc Chemistry), University of Oulu) has 38 years experience with Neste Oil (Finland) in the field of alternative fuels as head of Research & Development and several business divisions including bio fuels, bitumen, steam & coal speciality products.

 

Mr Ketvel (University of Helsinki and the London School of Economics), is a Chief Executive of Marcol Private Equity (Europe), Senior Partner of Clyde & Co. He has worked with Glencore, Petrobras and several leading resources oil & gas companies’ transactions. Member of the Lord Slynn of Hadley European Law Foundation, trusteeship of the Anglo-Finnish European Law Foundation and a member of one of the main councils of the International Bar Association.

 

For further information contact:

Petri Karjalainen – Executive Chairman

Tel: +44 7811 200 885           e-Mail:   pk@globaloilshale.com

Anton Eiguine – Investor Relations

Tel: +44 7768 491 863          e-Mail:   ase@globaloilshale.com