The Company will actively manage its capital to maximise the return to shareholders. This may include:

• A dividend reinvestment plan;
• Buy-back of Shares when the Shares are trading at a discount to net tangible assets
• Capital returns
• Special dividends; and
• The issue of Shares through options, bonus or rights issues to shareholders.

The choice of capital management will be subject the long terms capital needs of the company and tax advice at the time.