Directors' Code of Conduct

The Directors' Code of Conduct provides the framework within which all Directors must fulfil their duties.

All Directors are required to:

• Use due care and diligence in fulfilling the functions of office and exercise the powers attaching to that office
• Act honestly, in good faith and in the best interests of the Company as a whole
• Not allow personal interests or the interests of an associated person, to conflict with the interests of the Company
• Have the dominant purpose or object of serving the interests of the members of the Company as a whole, not the interests of any particular group
• Not make improper use of information acquired as a Director
• Not take improper advantage of the position of Director
• Confidential information (including Board or committee papers) received by a director in the course of the exercise of directorial duties remains the property of the Company from which it was obtained and it is improper to disclose it, or allow it to be disclosed, unless that disclosure has been duly authorised by the Company, or is required by law or by the ASX Listing Rules
• Not engage in prejudicial conduct likely to harm, defame or otherwise bring discredit upon or denigrate the Company
• Co-operate in corporate governance procedures prescribed by the Board including periodic appraisals of the Board's performance
• Comply with the spirit, as well as the letter, of the law and of the principles of this Code.