The Committee advises the Board on matters which are of strategic importance to the Group. Without limiting the generality of the foregoing, the Committee is established to:

1. Consider and assess proposed strategic transactions including acquisitions, disposals or other significant corporate actions;
2. Ensure that due diligence appraisal of propositions is undertaken;
3. Seek independent external advice where appropriate and available;
4. Make recommendations on the appointment of transaction advisors;
5. Work with and liaise as necessary with other Board Committees;
6. Ensure that the Board is kept apprised of material developments in relation to all projects under the purview of the Committee.

In so doing, the Committee shall exercise independent judgment with a view to promoting the success of the company for the benefit of its shareholders as a whole, having regard to, among other things, the long-term consequences of any decision, the interests of the company’s stakeholders, the impact on the community and the environment and the need to act fairly as between shareholders of the company.