4.1  The Committee shall meet at least four times a year, to coincide with the key dates in the Company's reporting cycle, and at such other times as the Chairman of the Committee shall decide.

4.2  A Meeting can be requested by any member of the Committee or the external or internal auditors if they consider one is necessary.

4.3  No one other than the Chairman of the Committee and its members shall be entitled to be present at any meeting of the Committee.

4.4  It is for the Committee to decide if non-members should attend any Committee meeting or for a particular agenda item.

4.5  The secretary shall minute the proceedings and resolutions of all meetings of the Committee, including recording the names of those present and in attendance.

4.6  The secretary shall ascertain, at the beginning of each meeting, the existence of any conflicts of interest and minute them accordingly.

4.7  Copies of the minutes of all Committee meetings shall be circulated to members of the Committee and, once agreed, to all members of the Board unless a conflict of interest exists.

4.8  The Committee shall, at least twice a year, meet the external auditors, without management being present, to discuss matters relating to its remit and any issues arising from the audit or interim review.

4.9  The Committee shall, at least twice a year, meet with internal audit, without management being present, to discuss matters relating to its remit.

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