An Audit Committee meets to (a) advise on the establishment and maintenance of a framework of internal control, financial reporting practices and appropriate ethical standards for the management of the company and (b) give the Board of Directors additional assurance regarding the quality and reliability of financial information. All members of the Committee must be non-executive directors. The Audit Committee liaises with and reviews the performance of the external auditor, and conducts an annual review of the Chief Executive Officer's performance.

The Board monitors the performance of the annual & half-yearly audit performed by the External Auditor. If the Board consider that the external auditor of the Company should be changed a special resolution will be put to shareholder vote at the following Annual General Meeting. External audit engagement partners are required by legislation to rotate their appointment every five years.

The external auditor is required to attend the Annual General Meeting and is available to answer shareholder questions.