4(b) Policy concerning trading in Company securities 5. TIMELY AND BALANCED DISCLOSURE 5(a)  Shareholder communication 46  CORPORATE GOVERNANCE STATEMENT All Directors, officers and employees are expected to: The Company’s “Dealings in Company Shares and Options Policy” applies to all Directors, officers and employees.  This policy sets out the restrictions on dealing in securities by people who work for, or are associated with the  Company and is intended to assist in maintaining market confidence in the integrity of dealings in the Company’s  securities. The policy stipulates that the only appropriate time for a Director, officer or employee to deal in the  Company’s securities is when they are not in possession of price sensitive information that is not generally  available to the market. As a matter of practice, Company shares may only be dealt with by Directors and officers of the Company under  the following guidelines: The Company believes that all shareholders should have equal and timely access to material information  about the Company including its financial situation, performance, ownership and governance. The Company’s  “ASX Disclosure Policy” encourages effective communication with its shareholders by requiring that Company  announcements: Shareholders are encouraged to participate in general meetings. Copies of addresses by the Chairman or  Managing Director are disclosed to the market and posted on the Company’s website. The Company’s external  auditor attends the Company’s annual general meeting to answer shareholder questions about the conduct of the  audit, the preparation and content of the audit report, the accounting policies adopted by the Company and the  independence of the auditor in relation to the conduct of the audit. •  No trading is permitted in the period of 21 days prior to the announcement to the ASX of the Company’s full  year and half year results; •  Guidelines are to be considered complementary to and not replace the various sections of the Corporations Act  2001 dealing with insider trading; and •  Prior approval of the Chairman, or in his absence, the approval of two directors is required prior to any trading  being undertaken. •  be factual and subject to internal vetting and authorisation before issue; •  be made in a timely manner; •  not omit material information; •  be expressed in a clear and objective manner to allow investors to assess the impact of the information when  making investment decisions; •  be in compliance with ASX Listing Rules continuous disclosure requirements; and •  be placed on the Company’s website promptly following release. •  comply with the law; •  act in the best interests of the Company; •  be responsible and accountable for their actions; and •  observe the ethical principles of fairness, honesty and truthfulness, including prompt disclosure of potential  conflicts.