Audit and Risk Management Committee

The Audit Committee, set up in terms of the principles laid out in the Listing Rules, assists the Board in fulfilling its supervisory and monitoring responsibilites by reviewing the financial statements and disclosures, the sytems of internal control established by management, and the external and internal audit processes. The members of the Audit Committee are:

Paul Muscat - Chairman*

James Dunbar Cousin - Director

Aurelio Theuma - Director

Graham A Fairclough (Company Secretary)

 * Mr Muscat is a qualified accountant and is considered by the Board of Directors to be competent in accounting.