Committees of the Board

The Directors have established Audit and Remuneration Committees.

The Audit Committee

The Audit Committee currently comprises Michael Nolan as Chairman and Adam Reynolds and has primary responsibility for monitoring the quality of internal controls ensuring that the financial performance of the Company is properly measured and reported on and reviewing reports from the Company’s auditors relating to the Company’s accounting and internal controls, in all cases having due regard to the interests of Shareholders. The Audit committee meets at least twice a year.

The Remuneration Committee

The Remuneration Committee currently comprises Adam Reynolds as Chairman and Michael Nolan who review the performance of the executive directors and determine their terms and conditions of service, including their remuneration and the grant of options, having due regard to the interests of Shareholders. The Remuneration Committee meets no less than once every year.

The information in this section of the website is disclosed for the purposes of Rule 26 of the AIM Market of the London Stock Exchange plc.

Last updated on 4 March 2011.