CAVERTON's 2024 agm resolutions

1 Prince Kayode Akingbade Close Tel: +234(1) 2705757

Tel: +234(1) 2705656

Mail: info@caverton-offshore.com Website: https://www.caverton-offshore.com

At the 16th Annual General Meeting of Caverton Offshore Support Group Plc (COSG or the Company) held on Friday, 21st November, 2025, the following resolutions were duly passed:

1. That the Audited Financial Statements of the Company for the year ended 31st December 2024 together with the Reports of the Directors, Auditors and Audit Committee thereon was laid before the Members .

2. That the following Directors who retired by rotation were re-elected:

   1. Chief Raymond Ihyembe

   2. Mr. Akinsola Falola

   3. Mallam Bello Gwandu

3. That the Directors were authorised to fix the remuneration of Auditors

4. That the remuneration of Managers of the Company were disclosed

5. That the following were elected as representatives of shareholders on the Statutory Audit Committee:

   1. Mr. Adetola Abiodun Atekoja

   2. Mr. Friday Ejere Odigue

   3. Mr. Hakeem Shagaya

      While the following Directors were nominated to represent the Board of Directors on the Statutory Audit Committee:

      1. Mr. Akin Kekere-Ekun

      2. Chief Raymond Ihyembe

      Special Business

6. That the remuneration of the Non-Executive Directors of the Company for the year ending December 31, 2025, be and is hereby fixed at N2 million for each Non-Executive Director and N3 million for the Board Chairman.

7. That the renewal of recurrent transact which are of trading nature and necessary for the Company's day-to-day operations from related parties in accordance with the Rules of the Nigerian Exchange Limited governing transactions with related parties be renewed.