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Future Plans

Because of the multinational nature of the Board of Directors/Shareholders, the share capital will be increased.

The company will be quoted on Nigerian Stock Exchange. In addition, the company's ordinary shares will be registered with the United States Securities and Exchange Commission and will be listed on the New York Stock Exchange (NYSE).

This will be subject to certain corporate governance requirements. Although for this to be done, the corporate governance rules in the NYSE Listed Company Manual (the ‘NYSE Standards’) will not apply to Olympic Refinery as a ‘foreign private issuer’ and the company, Olympic Refinery, will be allowed to follow its home country corporate governance practices.