Nomination and appointment process of Directors

Appointments to the Board shall be in accordance with the Company’s constitution and on recommendation of the Nomination Committee.

In assessing the skills required to add value to the Board, the Nomination Committee shall have regards to the knowledge required to fill a significant gap on the Board, the capacity of the individual to influence preferred outcomes through his/her involvement on the Board and the extent to which the individual may devote time and meaningfully contribute to the affairs of the Board. The Board shall favour diversity, including gender.

Shareholders are ultimately responsible for electing and removing Board members. The Board shall provide Shareholders with all material information in the possession of the Company, relevant for the election or removal of the individual as a Director.