Share Dealing Code

The Company has adopted, with effect from Admission, a code on dealings in relation to the securities of the Group which is based on, and is at least as rigorous as, the Model Code. The Company shall require the Directors, other persons discharging managerial responsibilities within the Group and other relevant employees of the Group to comply with the Company’s securities dealing code, and shall take all proper and reasonable steps to secure their compliance.

Director Shareholding Guidelines

The Company has adopted a shareholding guideline policy for its directors. Executive Directors are expected to hold shares in the Company equivalent to two times annual salary, which can be built up over a three year period. Non-Executive Directors are encouraged to hold shares in the Company equivalent to one times annual fees.