Litigation Committee

The Litigation Committee consists of the following non-executive directors:

• CH Boulle (Chairman)*

• JC Livingstone

• LW Maasdorp**

* Appointed on 9 July 2012 in place of HR Levin.

** Appointed on 23 November 2012.

The Litigation Committee has been charged with overseeing and providing management with guidance in relation to all major litigation which is not in the ordinary course of business. Legal proceedings in respect of substantial claims against Andry Welihockyj, Marina Welihockyj and a company controlled by them are still in progress. Every effort is being made to bring these matters to a satisfactory conclusion in the interest of the Group and its stakeholders. The Litigation Committee has advised the Board that legal counsel remains satisfied with the merits of the Group’s claims and that the Group has no additional exposure other than for legal costs in these matters. The Litigation Committee meets on an ad hoc basis, as and when required. It met twice during the year under review. The following table indicates attendance at meetings by the members:

P = Present

* Appointed 9 July 2012

**  Appointed 23 November 2012