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Additional wording

Voting and comments made at the company's [DATE] Annual General Meeting ('AGM')

Where less than 25% of votes were 'against' the resolution to adopt the remuneration report, this note is not mandatory but its inclusion should be considered.

If at the company's most recent AGM, comments were made on the remuneration report that was considered at that AGM, and at least 25% of votes were 'against' the resolution to adopt the remuneration report, an explanation of the Board's proposed action in response or, if the Board does not propose any action, the Board's reasons for inaction should be disclosed, for example:

At the [DATE] AGM, 63% of the votes received supported the adoption of the remuneration report for the year ended [DATE]. The company received specific feedback at the AGM regarding its remuneration practices in relation to the level of remuneration paid to executive directors and cash bonuses paid to all key management personnel. The general view was that the short-term incentives did not meet the long-term objectives of some shareholders.

Following the AGM, the company engaged the services of a remuneration consultant to review both the short-term incentives ('STI') program and long-term incentives ('LTI') program. This has resulted in a move away from cash bonuses ('STI') and towards a more structured share-based payments remuneration in the form of options ('LTI').