ESSR Essar Energy

TIDMESSR

RNS Number : 4772H

Essar Energy plc

19 May 2014

Essar Energy plc announces Board changes

May 19, 2014: Essar Energy plc today announces that each of the following directors of the Company have resigned with immediate effect; Mr Sattar Hajee Abdoula, Mr Philip Aiken AM, Mr Subhas C Lallah, Mr Steve Lucas, Mr Simon Murray CBE, Mr Prashant Ruia and Mr Ravi Ruia.

Essar Energy also announces the appointment Mr Yogendra (Robin) Appadoo as a director of the Company with immediate effect. Chief Executive Mr Sushil Maroo continues as a director of the Company.

There are no matters to disclose in accordance with paragraph 9.6.13R of the FSA's Listing Rules.

Ends

For further information on Essar Energy, please visit www.essarenergy.com

Alternatively, please contact:

Essar Energy

Deepak Maheshwari +91 22 6660 1207 or +91 22 6660 1224

Jonathan Miller +44 20 7408 8728 or +44 7810 848087

Brunswick

   Andrew Mitchell, Mike Smith or Azhar Khan        +44 (0)207 404 5959 

* * *

This announcement contains certain forward-looking statements, including statements regarding Essar Energy's plans, objectives and performance. Such statements relate to events and depend on circumstances that may occur in the future and are subject to risks, uncertainties and assumptions. Although Essar Energy believes that the expectations reflected in such forward looking statements are reasonable, there are a number of factors which could cause actual results and developments to differ materially from those expressed or implied by such forward looking statements, including, without limitation, the enactment of legislation or regulation that may impose costs or restrict activities; the re-negotiation of contracts or licences; fluctuations in demand and pricing in the Oil and Gas, Power and Energy industries; fluctuations in exchange controls; changes in government policy and taxations; industrial disputes; war and terrorism. Further information on the significant risks and uncertainties associated with Essar Energy's business is set out in the Prospectus published on 4 May 2010. These forward-looking statements speak only as at the date of this document. Essar Energy undertakes no obligation to update any forward looking statements whether as a result of new information, future events or otherwise, except to the extent legally required.

These statements (and all other forward-looking statements contained in this document) are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond Essar Energy's control, are difficult to predict and could cause actual results to differ materially from those expressed or implied or forecast in the forward-looking statements.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction, or an invitation or inducement to invest in Essar Energy or any other entity and should not be relied upon in any way in connection with any investment decision.

This information is provided by RNS

The company news service from the London Stock Exchange

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