The Directors of KenolKobil Limited ('the Company') whose shares are listed on the Nairobi Securities Exchange (‘NSE’) wish to caution its shareholders and the general public that they have been informed that the key shareholders of the Company signed an Exclusive Agreement with Puma Energy for the sale of their majority shareholdings in KenolKobil. Any sale of shares is subject to due diligence, regulatory approvals and price confirmation. Should the transaction proceed, Puma Energy would comply with the requirements of the regulations under the Capital Markets Act, and contemplates making a Take-Over offer to acquire all the shares in the Company in accordance with those regulations