Ann: Notice of General Meeting/Proxy Form, page-5

CORPORATE GOVERNANCE STATEMENTDated: 27 August 2018

Recommendation 2.3 - A listed entity should disclose: (a) the names of the directors considered bythe board to be independent directors; (b) if a director has an interest, position, association orrelationship of the type described in Box 2.3 but the board is of the opinion that it does notcompromise the independence of the director, the nature of the interest, position, association orrelationship in question and an explanation of why the board is of that opinion; and (c) the lengthof service of each director.Details of the Board of directors, their appointment date, length of service and independence status isas followsirector’s name Appointment date Length of service atreporting dateIndependence status

Louis Carroll 18 September 2017 10 months Independent – Non Executive Chairman
Glen Watts 5 January 2018 6 months Independent – Non Executive Director
Mark Schuessler 5 January 2018 6 months Not Independent –Managing Director
William Johnson 10 April 2018 3 months Independent – Non Executive Director

The Board has reviewed the position and associations of each of the directors in office at the date ofthis report and considers that Mr Louis Carroll, Mr Glen Watts and Mr William Johnson areindependent non-executive directors.

Mr Mark Schuessler, Managing Director, is not consideredindependent in terms of Recommendation 2.3 and other facts, information and circumstances thatthe Board considers relevant. The Board assesses the independence of new directors uponappointment and reviews their independence, and the independence of other directors, asappropriate

ROLES
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