Lay a solid foundation for management and oversight:

Codes of Conduct

The Directors of the Company are accountable to shareholders for the proper management of business and affairs of the Company. The key responsibilities of the Board are to:

• Conflicts of interest
• Corporate opportunities
• Confidentiality
• Fair dealing and trade practices
• Protection of assets
• Compliance with laws, regulations and industry codes
• Whistle blowing
• Security trading
• Commitment to, and recognition of the legitimate interests of, stakeholders

Share Trading Policy

Directors and other shareholders are encouraged to be long-term holders of the Company’s shares. For Directors and Officers, the Company has adopted a formal Securities Trading policy. Officers may not deal in any of the Company’s securities at any time if they have inside information. An Officer may trade in securities in the four-week period after the release to the ASX of the half-yearly and annual results, the end of the annual general meeting or at any time the Company has a prospectus open, but only if they have no inside information and the trading is not for short term or speculative gain. An Officer may trade in securities at other times only if they are personally satisfied that they are not in possession of inside information and have obtained the approval of the Chairman or in the case of any proposed trade by the Chairman, of another non-executive Director nominated by the Chairman for the purpose. Officers must advise the Company Secretary in writing of the details of completed transactions within two business days following each transaction. Such notification is necessary whether or not prior authority has been required. The Secretary must maintain a register of securities transactions. The Company must comply with its obligations to notify ASX in writing of any changes in the holdings of Securities or interest in Securities by Directors.