EREDENE CAPITAL PLC

The Board

The board of Eredene Capital Plc comprises of executive and non-executive directors and provides an independent and objective judgement on wide range of areas including company strategy, code of conduct and operating standards. The board is committed to the highest standards of corporate governance and best practices. Currently, the board comprises of a non-executive chairman, two executive directors and three non-executive directors.

Audit Committee

The audit committee is comprised of three non-executive directors and its main function is to monitor the financial performance of the company ensuring proper and regular reporting of company's performance. The committee's main functions include periodic review of the company accounts and internal control systems, monitoring integrity of the company financial statements and appointment of external auditors.

Remuneration Committee

Eredene's remuneration committee takes decisions on directors' remuneration from time to time in order to attract and retain executives of the highest calibre. The remuneration committee agrees on the directors' salary increases including any changes in annual bonuses and other benefits. Further, the remuneration committee also decides on share options granted to the directors.