As a business, we recognise the importance of sound corporate governance and confirm that we comply with the UK Corporate Governance Code, as appropriate for a company of our size.

The Board follows, as far as practicable, the recommendations in the QCA Guidelines, which have become a widely recognised benchmark for corporate governance of smalland mid-size quoted companies, particularly AIM companies.The Board meets at least four times a year to review, formulate and approve the Group’sstrategy, budgets and corporate actions, and oversee the Group’s progress towards its goals.

The Board has established an Audit Committee, a Remuneration Committee, and a Nomination Committee with formally delegated duties and responsibilities and with written terms of reference. From time to time separate committees may be set up by the Board to consider specific issues when the need arises.