30^th August 2023

Woodbois Limited

("Woodbois", the "Group" or the "Company")

(AIM: WBI)

Statement re Share Price Movement

The Company notes this morning's share price movement and the recent reports of government instability in Gabon.

As fully scheduled, production at the facilities in Mouila is currently suspended to allow the workforce to travel to vote in the national elections. The Company will be monitoring the situation and will update the market should there be any significant delay in the scheduled recommencement of production or any other material impact on the Company's operations in Gabon.

Since the completion of its refinancing in late June, the Company had been slowly rebuilding operational activity at its facilities in Mouilla after significantly curtailing production in Q2 to preserve liquidity in response to the unexpected termination of banking facilities.

The Company will be providing a full operational update as part of H1 2023 Interim Accounts which are due to be published in September.

 Enquiries: