The Company has established the following Board Sub-Committees:

The Nomination Committee is responsible for regularly reviewing the structure, size and composition of the Board, arranges succession planning for directors and senior executives, and nominates potential candidates to the Board. It meets at least once each year and comprises Paul Biggs (Chairman) and Haresh Kanabar.

The Audit, Risk Management and Corporate Governance Committee ensures financial reporting procedures, internal controls, corporate governance practices and risk management systems are thoroughly reviewed and adhered, and reviewing the Company’s internal and external audits. The committee meets as appropriate and when required. It comprises Paul Biggs (Chairman) and Haresh Kanabar. The Company’s external auditors are also invited on a regular basis to attend these meetings.

The Remuneration Committee is responsible for determining and agreeing with the Board the remuneration of the Executive, and ensuring that Executives are appropriately incentivised to encourage enhanced performance. It meets twice a year and comprises Osman Shahenshah (Chairman) and Paul Biggs.

The Investment Committee is responsible for reviewing capital expenditure, project appraisals, and final investment decisions. It meets twice a year and currently comprises Haresh Kanabar (Chairman), Osman Shahenshah and Paul Biggs.