Change of auditors and accounting reference date (0803U)

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RNS Number : 0803U

D1 Oils Plc

15 December 2011

D1 Oils plc (the 'Company')

Appointment of Grant Thornton UK LLP as auditors, Change of accounting reference date, appointment of CFO.

The Company is pleased to announce the appointment of Grant Thornton UK LLP as auditors to the Company and Group on 15 December 2011. There are no circumstances associated with the resignation of the previous auditors, Ernst & Young LLP, which need to be brought to the attention of the members.

The Company also announces the change of its accounting reference date from 31 December to 30 June. With the focus of the business now in procuring Jatropha grain and expelling crude Jatropha oil in India, the 30 June date falls in between the natural Jatropha harvests in India and the Board believes this date will allow the Company to more accurately report the Jatropha grain collection it has achieved, the oil production from the grain, and the sales of crude Jatropha oil.

The Directors intend that the interim results for the six months ending 31 December 2011 will be released by 31 March 2012, and the audited figures for the eighteen months ending 30 June 2012 are intended to be released by 31 October 2012.

The Company is also pleased to announce Ian Wilson as CFO. Ian is a Fellow of the Association of Chartered Certified Accountants and was involved in the November fund raising for the Company.

Enquiries:

D1 Oils plc

   Steven Rudofsky         [phone] 

WH Ireland

   Chris Fielding              [phone] 

This information is provided by RNS

The company news service from the London Stock Exchange

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