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( 06 Aug 2020)
Asian Oilfield S - Outcome Of The Board Meeting Held On 6Th August, 2020

The Board of Directors approved inter alia:
1.Appointment of Mr. Nirav Talati as the Chief Financial Officer ('CFO') of the Company.
2.Appointment of M/s. Walker Chandiok & Co., Chartered Accountants as the Statutory Auditors of the Company for a second term of five years (conclusion of 27th AGM in 2020 till conclusion of 32nd AGM to be held in 2025) subject to approval of shareholders.
3.Board's Report to the Shareholders, together with all its enclosures.
4.Closure of Register of Members and Share Transfer Registers from Saturday, September 5, 2020 to Friday, September 11, 2020, (both the days inclusive).
5.Convening 27th Annual General Meeting on Friday, September 11, 2020 at 11.00 a.m. through VC/OAVM.

Further, Asian Oilfield & Energy Services DMCC ('Asian DMCC') the wholly owned subsidiary of the Company has sold its entire holding in Ivorene Oil Services Nigeria Limited ('Ivorene'), a subsidiary of Asian DMCC.