Committees

Audit Committee

The group Audit Committee is chaired by an independent non-executive director and consists
of the chairman of the company and the three non-executive directors. The audit commitee meets twice a year.

Committee Members

B Mothelesi (Chair) *

M Moela *

RS Watson *

WP Alcock

* Independent

Remuneration/Nominations Committee

In view of the fact that the company has no full time employees the Remuneration/ Nominations Committee meets on an ad hoc basis.

The Committee is chaired by an independent non-executive director and consists of the
chairman of the company and the three non-executive directors.

Committee Members

M Moela (Chair) *

B Mothelesi *

R S Watson *

WP Alcock

* Independent

The Group HR

Remuneration Report

The company outsources all services and, as such, does not employ any staff. As a result the committee did not meet formally during the year under review. It did meet on an informal basis to approve the nomination and appointment of R Watson as an independent director.

Risk Committees