Make timely and balanced disclosure

Requirements of the ASX

The Board recognises that the Company as a publicly listed entity has an obligation to make timely and balanced disclosure in accordance with the requirements of the Australian Stock Exchange Listing Rules and the Corporations Act 2001. The Board also is of the view that an appropriately informed shareholder base, and market in general, is essential to an efficient market for the Company’s securities. The Board is committed to ensuring that shareholders and the market have timely and balanced disclosure of matters concerning the Company. In demonstration of this commitment, the Company has adopted a formal external communications policy including a continuous disclosure policy. In order to ensure the Company meets its obligations of timely disclosure of such information, the Company has adopted the following policies:

• Immediate notification to ASX of information concerning the Company that a reasonable person would expect to have a material effect on the price or value of the Company’s securities as prescribed under listing rule 3.1, except where such information is not required to be disclosed in accordance with the exception provisions of the listing rules.
• The Company will establish a website and all information disclosed to ASX shall be promptly placed on the Company’s website following receipt of confirmation from ASX and, if deemed desirable, released to the wider media.
• The Company will not respond to market rumour or speculation, except where required to do so under the listing rules.