Securities Trading Policy

This policy sets out the Company’s policy regarding the sale and purchase of Company securities by its Directors and employees.

A reference in this policy to “securities” includes shares, options, warrants and any other security on issue from time to time. This policy is separate to and additional to the legal constraints imposed by common law, the Corporations Act and ASX Listing Rules.

The purpose of this policy is to assist Directors and employees to avoid conduct known as ‘insider trading’, and to avoid any adverse influence of unfair dealings by Directors and employees being drawn.

This policy provides:

• a description of what conduct may constitute insider trading.
• a description of the times when Company policy prohibits trading in the Company’s securities
• the steps for Directors and certain “Restricted Employees” to take when buying or selling securities in the Company