Appointment of Chief Financial Officer Designate

25 November 2020

Vivo Energy plc

LSE:VVO / JSE:VVO

Appointment of Chief Financial Officer Designate

Vivo Energy announces that Johan Depraetere, Chief Financial Officer, has informed the Company that he intends to retire from his role in the first half of 2021. Johan has been instrumental in the development and growth of the business since he joined in 2012 and the Board would like to express their sincere gratitude to him for his efforts.

As part of an orderly succession process, the Board is pleased to announce that Douglas ("Doug") Lafferty has been appointed as Chief Financial Officer Designate. Doug will take up his position and be appointed to the Board with effect from 1 February 2021. After an initial transition period, he will become Chief Financial Officer on 5 March 2021, with Johan leaving the business once a suitable transition period is complete.

Doug brings a wide range of experience to the role having most recently been the Chief Financial Officer and Executive Director of Williams Grand Prix Holdings plc, from September 2017 until the recent conclusion of its strategic review process, sale of its Formula One business and delisting from the Frankfurt Stock Exchange. Prior to this he held a range of senior positions at British American Tobacco, including Regional Head of Finance for the Americas and Group Head of Commercial Finance.

Commenting on the news, Christian Chammas, Chief Executive Officer said, "It has been a great pleasure working alongside Johan over the last eight years to build Vivo Energy into the company it is today, and he will be sorely missed by all of us. We wish him all the best for the future. Whilst we are sad to see Johan go, we are delighted to welcome Doug as his successor. The Board and I believe his track record of financial leadership, exposure to emerging markets and commercial acumen mean that he is ideally suited to the role. We are looking forward to working with Doug as we continue to capitalise on the exciting growth opportunities for Vivo Energy."

Commenting on the news, Johan Depraetere, Chief Financial Officer, said: "I have thoroughly enjoyed my eight years at Vivo Energy and will miss the team and great colleagues. I am immensely proud of all we have achieved during this time. Vivo Energy is a fantastic company with many exciting opportunities ahead of it, and I wish it every success for the future. I look forward to working with Doug to ensure an orderly handover of responsibility before I take a break from corporate life to spend time with my family."

There are no other matters to disclose under Listing Rule 9.6.13.

Ends

Notes to editors:

Notes

Doug Lafferty's remuneration arrangements will be in accordance with Vivo Energy's Remuneration Policy (the "Policy"), which was approved by shareholders at the Annual General Meeting in July 2019. He will receive a base salary of £400,000, and standard benefits and incentive awards commensurate with his position. He will also receive a pension allowance of 10% base salary, which is in line with that received by the UK workforce. He will also be required to build up and maintain a minimum shareholding equal to 200% of base salary within 5 years of his appointment. Full details of his total remuneration will be included in the 2020 Annual Report.

About Vivo Energy:

Vivo Energy operates and markets its products in countries across North, West, East and Southern Africa. The Group has a network of over 2,200 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African countries. Its retail offering includes fuels, lubricants, card services, shops, restaurants and other non-fuel services. It provides fuels, lubricants and liquefied petroleum gas (LPG) to business customers across a range of sectors including marine, mining, construction, power, transport, wholesalers and manufacturing. The Company employs around 2,700 people and has access to over 1,000,000 cubic metres of fuel storage capacity and has a joint venture, Shell and Vivo Lubricants B.V., that sources, blends, packages and supplies Shell-branded lubricants.

For more information about Vivo Energy, please visit www.vivoenergy.com

Forward-looking statements

This announcement includes forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the Company's control and all of which are based on the Directors' current beliefs and expectations about future events. Forward-looking statements are sometimes identified by the use of forward-looking terminology such as: "believe", "expects", "may", "will", "could", "should", "shall", "risk", "intends", "estimates", "aims", "plans", "predicts", "continues", "assumes", "positioned", "anticipates" or "targets" or the negative thereof, other variations thereon or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this report and include statements regarding the intentions, beliefs or current expectations of the Directors or the Group concerning, among other things, the future results of operations, financial condition, prospects, growth, strategies of the Group and the industry in which it operates.

No assurance can be given that such future results will be achieved; actual events or results may differ materially as a result of risks and uncertainties facing the Group. Such risks and uncertainties could cause actual results to vary materially from the future results indicated, expressed, or implied in such forward-looking statements.

Such forward-looking statements contained in this report speak only as of the date of this announcement. The Company and the Directors expressly disclaim any obligation or undertaking to update these forward-looking statements contained in the document to reflect any change in their expectations or any change in events, conditions, or circumstances on which such statements are based, unless required to do so by applicable law.