SIGNIFICANT SHAREHOLDERS

Shareholder Shares Percentage
Africa Finance Corporation 54,988,520 16.92%
Scott Fletcher 52,717,038 16.22%
Polenergia International Societe A Responsabilite Limitee* 29,111,719 8.96%
Michael Haworth** 16,759,462 5.16%

* Jacek Glowacki NEL's former non-executive director (resigned on 25th November 2019) holds 291,375 shares in his own name and is executive director of one of Polenergia's group subsidiaries

** Michael Haworth NEL's non-executive chairman holds 3,649,329 shares in his own name and 13,110,133 through a trust