COMPLIANCE WITH THE CORPORATE LAWS AMENDMENT ACT

In 2008, the Group Audit committee's functions and responsibilities were reconstituted to ensure compliance with the Corporate Laws Amendment Act which came into effect on 14 December 2007. The committee members are all independent non-executive directors of the Group. Four Audit committee meetings were held during the year, during which the members fulfilled all their functions as prescribed by the Companies Act. A detailed list of the functions of the Audit committee is contained in the Corporate Governance report. The Audit committee has satisfied itself that the auditors are independent of the Group and are thereby able to conduct their audit functions without any influence from the Group.

ETB Blight
Chairman, Group Audit committee

2 September 2009