ST GEORGE MINING LIMITED — Governance Information 2021

Sep 1, 2021

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Name of entity:

St George Mining Limited

21 139 308 973 30 June 2021

ABN / ARBN: Financial year ended:

Our corporate governance statement2 for the above period above can be found at:3

☐ This URL on our website: www.stgm.com.au

The Corporate Governance Statement is accurate and up to date as at 1 September 2021 and has been approved by the board.

The annexure includes a key to where our corporate governance disclosures can be located.

Date: 1 September 2021

Sarah Shipway Non‐Executive Director/Company Secretary

1 Under Listing Rule 4.7.3, an entity must lodge with ASX a completed Appendix 4G at the same time as it lodges its annual report with ASX.

Listing Rule 4.10.3 requires an entity that is included in the official list as an ASX Listing to include in its annual report either a corporate governance statement that meets the requirements of that rule or the URL of the page on its website where such a statement is located. The corporate governance statement must disclose the extent to which the entity has followed the recommendations set by the ASX Corporate Governance Council during the reporting period. If the entity has not followed a recommendation for any part of the reporting period, its corporate governance statement must separately identify that recommendation and the period during which it was not followed and state its reasons for not following the recommendation and what (if any) alternative governance practices it adopted in lieu of the recommendation during that period.

Under Listing Rule 4.7.4, if an entity chooses to include its corporate governance statement on its website rather than in its annual report, it must lodge a copy of the corporate governance statement with ASX at the same time as it lodges its annual report with ASX. The corporate governance statement must be current as at the effective date specified in that statement for the purposes of rule 4.10.3.

2 "Corporate governance statement" is defined in Listing Rule 19.12 to mean the statement referred to in Listing Rule 4.10.3 which discloses the extent to which an entity has followed the recommendations set by the ASX Corporate Governance Council during a particular reporting period.

3 Mark whichever option is correct and then complete the page number(s) of the annual report, or the URL of the web page, where the entity's corporate governance statement can be found. You can, if you wish, delete the option which is not applicable.

Throughout this form, where you are given two or more options to select, you can, if you wish, delete any option which is not applicable and just retain the option that is applicable. If you select an option that includes "OR" at the end of the selection and you delete the other options, you can also, if you wish, delete the "OR" at the end of the selection.

ANNEXURE – KEY TOCORPORATE GOVERNANCE DISCLOSURES

cilndatiCoe GCoratrpoovernanceunrecommeon		hafollowedthendatiinfull fohewholeWer tverecommeonofheeriodabhadisclosedWetpove.ve…	hafollowedhendatiinfull foheWeNOTtr tverecommeon4wholef theriod abohadisclosed. Wopeveeve…
PRINC	IPL1ELASYOLIDFOUNDATIONSFOR MANAGEMENT ANDOV–	ERSIGHT
1.1	listedshoulddiscloAtityense:(a)therold rsibilitofboardctiiesitsrespeveesanespondndt; aanmanagemen(b)thossld theboarddtteo tsemarsexprey reserveanthodelegd tatet.seo managemen	thefachafollowthidatiot tt wes recommenn:…☒inr CGoStatetemtouorporavernanceend infoabheroldatictit tanrmonourespeveesan…bilf oboardd m(ludnsiitieincingtrespos ourananagementhossld theboardd thoatto tsemersexprey reserveansedelegd tt):ateo managemen☒inr CGoStatetemtouorporavernanceen	☐lanatiwhthat isinr CteanexponysoouorporaGoSt OtatRvernanceemen☐allyd ed thisntiexttyweareanernmanageanndhereflicableatiis tt arecommeonorenopp
1.2	listedshouldAtityen:(a)fordekeiathecksbeointinrtaunappropre ce appg aforttirduriholdetotyperson,orpungwasecrs afordidelectidirdateectcanon, as aor;an(b)viduriholdeithallialinfatityterproe secrs wmaormoninissireldecisionwhethtst tposseonevano aonerorleclecdirttt ot aectnoeor re‐eor.	thefachafollowthidatiot tt wes recommenn:…☒inr CGoStatetemtouorporavernanceen	☐lanatiwhthat isinr CteanexponysoouorporaGoSt OtatRvernanceemen☐allyd ed thisntiexttyweareanernmanageanndhereflicableatiis tt arecommeonorenopp
1.3	listedshouldhah eachAtityrittwitntenvea wenagreemedirndtheoftheiorutitinirectsetutterorasenexecveg omsintnt.appome	thefachafollowthidatiot tt wes recommenn:…☒inr CGoStatetemtouorporavernanceen	☐lanwhthaatit isinr CteanexponysoouorporaGoSt ORtatvernanceemen☐allyhisd entid texttyweareanernmanageanndhereflicableatiis tt arecommeonorenopp
1.4	Thoflistedtityshouldberete companysecaryaenbledirlytheboardthrh thechairllntaecttoaccououg, on a,dowith thefunctiingoftheboardttetmarsoproperon	thefachafollowthidatiot tt wes recommenn:…☒inr CGoStatetemtouorporavernanceen	☐lanwhthaatit isinr CteanexponysoouorporaGoSt ORtatvernanceemen☐allyd entid thisexttyweareanernmanageanhereflicablendatiis tt arecommeonorenopp

4If you have followed all of the Council's recommendations in full for the whole of the period above, you can, if you wish, delete this column from the form and re-format it.

cilndatiCoe GCoratrpoovernanceunrecommeon		hafollowedthendatiinfull fohewholeWer tverecommeonofheeriodabhadisclosedWetpove.ve…	hafollowedhendatiinfull foheWeNOTtr tverecommeon4wholef theriod abohadisclosed. Wopeveeve…
1.5	listedtityshouldAen:(a)hadivitylicywhichincluduirtsveaerspoesreqemenforheboardrelmif theboardtt cttetoor aevanome orablebjectiforachievingndsetmeasuovesgeerdivityd tallyboththeobjectiversano assessannuesdhetity's ps inachievingthetanenrogresm;(b)disclothaoliofdit;t psecyora summaryan(c)disclothed of eachd theingrioatortseasenrepperablebjeforachnddivctiievingitymeasuovesgeerersbtheboardelef theboardittesetntyora rvacomme ordah the'sdivlicyd iinwittityitytsacconceenerspoanardchthed eithievingtowprogresss amaner:(1)theofndctirtiorespeveproponsmen awomen ontheboardiniorivesitionndcutsenexepos aacross,thehole o(ludhothenisatiincingtitywrgaonwenfin"se"forhadeednioivethecutsr exese); opurposesr(2)if thetityis a"relevloyer"dehet er tenanmpunrkplacdealitthetity's mWoe Gr EAct,ostenquyen"GdealitIndicas",definedinEttorrecenenrquyasdublisheddehat Ar tct.anpun	thefachahadivitylicythalieswitht tt wt ceveaerspoomp…h(a):paragrap☐inr CGoStat ORtetemouorporavernanceen☐[inslocati]atertond aofr diversitoliofit:ancopyouy pcyora summary…☐[loc]insatiatertond therable objeforachndctiievinganmeasuvesgeer…divbytheboardelef theityittesetntersora rvacomme oboardrdah odivlicyd oiwitityn acconceurerspoanurprogressardchtheievingtowasm:☐inr CGoStat ORtetemouorporavernanceen☐[loc]insatiatertond theinfrefedhs(c)(1)(2):atiintoanormonerrparagrapor…☐int Or CGoStaRtetemouorporavernanceen☐[loc]insatiaterton	☒lanatiwhthat isinr CteanexponsoouorporayGoStattvernanceemen
1.6	listedshouldAtityen:(a)haddiscloforriodicallyaluativeansea processpeevngtheerfoftheboarditsittedpormancecommesan,individdliredctouars;an(b)discloinrelatichingriod,whethtoortse,oneareppeererfaluatindaken iheertn tpaormanceevonwas uingriod irdawiththaortt preppen acconcerocess	thealuefed th(a):atio ievonprocess rrren paragrap…☒inr CGoStatetemtouorporavernanceend theinfatirefedinh(b):toanormonerrparagrap…☒inGoStar Ctetemtouorporavernanceen	☐lanwhthaatit isinr CteanexponysoouorporaGoSt OtatRvernanceemen☐allyd ed thisntiexttyweareanernmanageanndhereflicableatiis tt arecommeonorenopp

e GcilndatiCoCoratrpoovernanceunrecommeon			hafollowedthendatiinfull fohewholeWer tverecommeonofheeriodabhadisclosedWetpove.ve…	haNOfollowedhendatiinfull foheWeTtr tverecommeon4wholef theriod abohadisclosed. Wopeveeve…
1.7	listA(a)(b)	edshouldtityen:haddiscloforriodicallyaluativeansea processpeevngtheerfofitsiorivendcutpormancesenexes; adiscloinrelatichingriod,whethtoortse,oneareppeererfaluatindaken iheertn tpaormanceevonwas uingriod irdawiththaortt preppen acconcerocess	thealuefed th(a):atio ievonprocess rrren paragrap…☒inr CGoStatetemtouorporavernanceend theinfrefedh(b):atiintoanormonerrparagrap…☒inr CGoStatetemtouorporavernanceen	☐lanwhthaatit isinr CteanexponysoouorporaGoSt ORtatvernanceemen☐allyd entid thisexttyweareanernmanageanndhereflicableatiis tt arecommeonorenopp

cilndCoe GCoatiratrpoovernanceunrecommeon		hafollowedthendfull fohewholeWeatiinr tverecommeonofheabhacloeriodWedissedtpove.ve…	hafollowedhendfull foheWeNOTatiintr tverecommeon4wholef thed abohadisclosedrio. Wopeveeve…
PRINCIPL	2E‐ STRUCTURETHE BOARDTAODDVALUE
2.1	Thboardoflistedtityshouldeaen:(a)hainatiomihich:ttevea nomn come w(1)hat lethrmbjorityofwhasts aeemeers, amaomnddedirndintectareepenors; a(2)hadbyinddediris cirentectanepenor,ddiscloanse:(3)thechoftheitteartercomme;(4)thembofthedittemeerscomme;an(5)thed of eachd,theingrioatortasenreppembf tihethrhomittteetutnueromescome mougtheodd theindividl andoftheerittepanuaancesmbhotint tmeersasemeegs;or(b)if ihat dinatiomiottteoes nvea nomn come,clohafacheloydisndit ettt ats tseprocessesmpoaddreboardionissndthatotsssuccessues aensuretheboardhaheiatbalanofskills,s tappropreceknlederiinddeddivityowge, expence,epennceanersbleit tdische idutiendtotsenaoargs ansibilitieffectily.respos eve	(a):[If thetitylieswith ph]encomparagrapthefachahainatiomihat tt wttee ttevea nomn com…lieswith phs(1)d(2):comparagrapan☐inr CGoStat ORtetemouorporavernanceen☐[loc]insatiatertond aofthechoftheitteartancopyercomme:…☐[loc]insatiatertond theinfrefedhs(4)d(5):atiintoanormonerrparagrapan…☐int Or CGoStaRtetemouorporavernanceen☐[loc]insatiaterton[If theliesh ph(b):]titywitencomparagrapthefachadot hndinatiomit tt wtteenoavea nomn come a…theloyaddreboardsion itoprocessesweempsssuccesssuesdthaheboardhahebalanofiattt ts taneonsureappropreceskills,knledinddeddiveriitytoowge, expence,epennceanersabledischdundbilffely:ie itiensiitiectit ttsenoargs arespos eve☐inr CGoStat ORtetemouorporavernanceen☐[loc]insatiaterton	☒lanatiwhthat isinr CteanexponsoouorporayGoStattvernanceemen
2.2	Alistedtityshouldhaddiscloboardskillsenveanseatrixinghemif skillnddivitythaheettt tt tmasoux os aersboardtlyhar islookinachieve in itotscurrens ogmbhipmeers	r brdskillstrixouoama:…☒inr CGoStatetemtouorporavernanceen	☐lanwhthaatit isinr CteanexponysoouorporaGoSt ORtatvernanceemen☐allyd entid thisexttyweareanernmanageanndhereflicableatiis tt arecommeonorenopp

Coratrpo	e GCocilndatiovernanceunrecommeon	hafollowedthendatiinfull fohewholeWer tverecommeonofheeriodabhadisclosedtWepove.ve…	haNOfollowedhendatiinfull foheWeTtr tverecommeon4wholef theriod abohadisclosed. Wopeveeve…
2.3	listedshoulddiscloAtityense:(a)f tthehedirnsideredbytheboardectnames oorscobeinddedirtontectepenors;(b)if adirhan iitioiationectntet, pors aresosn,assocorrelatishipofthedeibed in B2.3buhetypt tonescroxboardif theinithat itdomit cs ooponesnoomprosetheinddeofthedirthef theectturepennceor,nae ointsitionciatioelationshipinst,erepo, asson or riond alanatiofwhtheboardis ofestquann exponythandinitopon; a(c)thelenthoff eachdirvicectgsere oor.	thef thedirderedbytheboardbensiecttonames oorsco…inddedirntectepenors:☒inr CGoStatetemtouorporavernanceend,whlicabletheinfrefedatiintoanereappormonerr…,h(b):paragrap☒inr CGoStatetemtouorporavernanceend thelenthoff eachdirvicectangsere oor:…☒inr CGoStatetemtouorporavernanceen	☐lanwhthaatit isinr CteanexponysoouorporaGoStattvernanceemen
2.4	ofofA majoritytheboardlistedtityshouldbeaeninddedirntectepenors	facfolthehalowthidatiot tt wes recommenn:…☐inr CGoStat ORtetemouorporavernanceen☐[inslocati]aterton	☒lanatiwhthat isinr CteanexponysoouorporaGoStattvernanceemen
2.5	Thhair of theboardoflistedtityshouldbee caenaninddedird,ulahouldt bheinrticntecte tepenoranpar, snothef theCEO otitysampeersonasen	thefachafollowthidatiot tt wes recommenn:…☐inr CGoStat ORtetemouorporavernanceen☐[loc]insatiaterton	☒lanatiwhthat isinr CteanexponysoouorporaGoStattvernanceemen
2.6	listedshouldhaforindAtityinguctenvea programnewdirndiderofaliationectorsaprovappropre pessdelopfordirdelopdnitiesntrtuecttovemeoppoorsveanheskillsdknledededrfointainttomaanowgenepermtheoleeffly.irdiriveectectrasors	thefachafollowthidatiot tt wes recommenn:…☒inr CGoStatetemtouorporavernanceen	☐lanwhthaatit isinr CteanexponysoouorporaGoSt OtatRvernanceemen☐allyd ed thisntiexttyweareanernmanageanndhereflicableatiis tt arecommeonorenopp
PRINCIPL	3EACT ETHICALLYANDRESPONSIBLY–
3.1	listedtityshouldAen:(a)haodf cduforitsdirnioctectvea ce oonors, serutindloyndexecveasempees; a(b)disclothaodofit.t csee or asummary	odf cduofit:ctour ce oonora summary…☒inr CGoStatetemtouorporavernanceen	☐lanwhthaatit isinr CteanexponysoouorporaGoStattvernanceemen

cilndCoe GCoatiratrpoovernanceunrecommeon		hafollowedthendfull fohewholeWeatiinr tverecommeonofheabhacloeriodWedissedtpove.ve…	hafollowedhendfull foheWeNOTatiintr tverecommeon4wholef thed abohadisclosedrio. Wopeveeve…
PRINCIPL	4ESAFEGUARDINTEGRITY ICNORPORATEREPORTING–
4.1	Thboardoflistedtityshouldeaen:(a)haditittehich:veanaucomme w(1)hat lethrmbll of whoasts aeemeers, amaredirdofwhivejoritycutectnon‐exeorsanamaomnddedirndintectareepenors; a(2)hadbyinddedirwhis cireo intectanepenor,shehaf theboardir ottnoc,ddiscloanse:(3)thechoftheitteartercomme;(4)therellifindoftheionriet qcatevanuas aexpencembf thedmittemeersocome;an(5)relchd,thembinatiingriotoortoneareppenuerofhethrhotheimmitttteetutescome mougthel aoftheriod andindividndttepeuaancesmbhotint tmeersasemeegs;or(b)if it dhaditittedisclothaottoes nveanaucomme,sefacndheit eloyhatts ttaprocessesmpinddentlerifyd safeardtheintrityofepenanguegy vitsingincludingtheforteortcorporarepprocesses,theoinndal of thealtmt aextappenremovernditndheatiofthedittrotntauoraonauengagemertnpaer.	(a):[If thetitylieswith ph]encomparagrapthefachahaditittehalieswitht tt we tt ceveanaucommomp…hs(1)d(2):paragrapan☐inr CGoStat ORtetemouorporavernanceen☐[loc]insatiatertond aofthechoftheitteartancopyercomme:…☐[loc]insatiatertond theinfrefedhs(4)d(5):atiintoanormonerrparagrapan…☐int Or CGoStaRtetemouorporavernanceen☐[loc]insatiaterton[If theliesh ph(b):]titywitencomparagrapthefachadot hditndtheittet tt wenoaveanaucomme a…loythadendtlyrifyd safeardt inprocessesweemppeenveangutheofludtheiityingincingnteteortgrour corporarep,forthed ral of thealintntextprocessesappomeanemovernditndheoftheditatitrotntrtnauoraonauengagemepaer:☐inr CGoStat ORtetemouorporavernanceen☐[loc]insatiaterton	☒lanatiwhthat isinr CteanexponsoouorporayGoStattvernanceemen
4.2	Thboardoflistedshouldbeforthetitye it aeaenpproves,tity'sfincial stforfincial periodiveatentsenanmeaan, recefroitsCEO andCFOdeclaionthain their oiniratt,mapon,thefincial rerdsofthetityhaberlyancoenveenpropeintainedndthahefincial stly witht tatentsmaaanmecomptheriantindardndivedtestaa tappropaccoungs agrueanfaiiewofthefincial positiondrfoofthevrann apermancetityd thaheinihabeford ohebasist tn tenanoponsenmeofndofk mndalrisinttemt aasousysanagemenernolhicheffly.iingiventrratectcows ope	thefachafollowthidatiot tt wes recommenn:…☒inr CGoStatetemtouorporavernanceen	☐lanwhthaatit isinr CteanexponysoouorporaGoStattvernanceemen

cilndCoe GCoatiratrpoovernanceunrecommeon		hafollowedthendfull fohewholeWeatiinr tverecommeonofheabhacloeriodWedissedtpove.ve…	Wewh	hafollowedhendfull foheNOTatiintr tverecommeon4olef thed abohadisclosedrio. Wopeveeve…
4.3	listedthat hshouldthaAtityAGMt itenasanensuresaludndd iilableitoits AGMextttetoernaarsans avafroholderelhestiurityt to tanswerqueonsmsecrsevanditau	thefachafollowthidatiot tt wes recommenn:…☒inr CGoStatetemtouorporavernanceen	☐☐	lanatiwhthat isinr CteanexponsoouorporayGoSt ORtatvernanceemenallyd ethat dholdntiexttyotweareanernmanageoes nl gl mndthidatintion ianannuaeneraeeg as recommensthereflicableotorenapp
PRINCIPL	5EMAKETIMELYANDBALANCED DISCLOSURE–
5.1	listedshouldAtityen:(a)halicyforlyh irittingwittsvea wenpocompdisclobligndthentiatiListinconuoussureoons uerglesndRu; a(b)disclothaoliofit.t psecyora summary	disclolianlicyoftinour conuoussurecompcepoora summary…☒inr CGoStatetemtouorporavernanceen	i☐	lanatiwhthat isinr CteanexponysoouorporaGoStattvernanceemen
PRINCIPL6ERESPECT THERIGHTS OF SECURITYHOLDERS–
6.1	nfof aAlistedtityshouldvide iatiabt itselndenprormonouitsinvviaitsbsitoestte.governanceorswe	infatiabndebsitt uormonous aour governanceonour we:…☒atstgm.com.auwww.	☐	lanwhthaatit isinr CteanexponysoouorporaGoStattvernanceemen
6.2	listedtityshoulddesigndimlemn iAt aestenn apennvorrelatifaciliteffivetoateecttwonpsrogramo‐wayithicatioinvestcommunwnors	thefachafollowthidatiot tt wes recommenn:…☒inr CGoStatetemtouorporavernanceen	☐	lanwhthaatit isinr CteanexponysoouorporaGoStattvernanceemen
6.3	Alistedtityshoulddisclothelicid pitensepoesanrocesseshainlacfacilitd erticipatioe tatetspoanncouragepan aetif suriholdetymengs oecrs.	oliciendforfacilitatid eingour ps aprocessesnganncourag…rticipatiotinofuriholdet mtypan aeegssecrs:☒inr CGoStatetemtouorporavernanceen	☐☐	lanwhthaatit isinr CteanexponysoouorporaGoSt ORtatvernanceemenallyd entithat dholdexttyotweareanernmanageoes ndicf sholded thisrioetiuritypemengs oecrsanhereflicablendatiis tt arecommeonorenopp
6.4	listedshouldholdeheAtityiveuritiotyrs tn tengsecopofrod sd ceivnicatinicatirecceommuonsm,anenommuonsthed ielelly.tityuriisticato,tstyctrenansecregryon	thefachafollowthidatiot tt wes recommenn:…☒inr CGoStatetemtouorporavernanceen	☐	lanatiwhthat isinr CteanexponsoouorporayGoStattvernanceemen

cilndatiCoe GCoratrpoovernanceunrecommeon		hafollowedthendatiinfull fohewholeWer tverecommeonofheeriodabhadisclosedWetpove.ve…	hafollowedhendatiinfull foheWeNOTtr tverecommeon4wholef theriod abohadisclosed. Wopeveeve…
INCPRIPL	COGNISEAGISK7EREANMDANE R–
7.1	Thboardoflistedshouldtityeaen:(a)hak,mimiristtettetovea come or comesoverseechf which:eao(1)hat lethrmbjorityofwhasts aeemeers, amaominddedirndntectareepenors; a(2)is chairedbyinddedirntectanepenor,ddiscloanse:(3)thechoftheitteartercomme;(4)thembofthedittemeerscomme;an(5)thed of eachd,theingrioatortasenreppembf tihethrhomittteetutnueromescome mougtheodd theindividl andoftheerittepanuaancesmbhotint tmeersasemeegs;or(b)if it dhaiskittemiottteoes nvea rcomme or comesthasfy(a) abodisclothafacndtheatittt asvese,loyforthe's riskit eingtityprocessesmpsoverseeenfrark.ntmanagememewo	[If theliesh ph(a):]titywitencomparagrapthefachahamimit tt wttettetoevea come or comes…iskthaly withhs(1)(2):dt coverseerompparagrapan☐inr CGoStat ORtetemouorporavernanceen☐[inslocati]atertond aofthechoftheitteartancopyercomme:…☐[loc]insatiatertond theinfatirefedinhs(4)d(5):toanormonerrparagrapan…☐inr CGoStat ORtetemouorporavernanceen☐[inslocati]aterton(b):[If thetitylieswith ph]encomparagrapthefachadot hiskittet tt wenoavea rcomme or…(a) aittehaatisfyndtheloyfortt scommesprocessesweempingiskfrark:ntoverseeour rmanagememewo☐inr CGoStat ORtetemouorporavernanceen☐[inslocati]aterton	☒lanwhthaatit isinr CteanexponysoouorporaGoStattvernanceemen
7.2	Thboardf theboardshouldmitteeora come o:(a)the's riskfrarkiewtityntatrevenmanagememewoleallyisfylf thabeitset itntisttosattoannuaconuesd;dsounan(b)disclorelchd,inatiingriotoortse,oneareppewhethhhaakelaciews tersucarevn pe.	thefachat brdf theboardhemiiewt tttes toaora come orev…'s riskfrarkleaallytityntatsttoenmanagememewoannuisfyelfthabed:itst itntisattoconuessoun☒inr CGoStat Otetemouorporavernanceend thah ahaakelacheiewe iingt ss tn tortanucrevn prep…d cdbythidixrios A4Gpeovereppen:☒inr CGoStatetemtouorporavernanceen	☐lanatiwhthat isinr CteanexponysoouorporaGoStattvernanceemen

Coratrpo	cilnde GCoatiovernanceunrecommeon	hafollowedthendfull fohewholeWeatiinr tverecommeonofheodabhadisclosederiWetpove.ve…	hafollowedhendfull foheWeNOTatiintr tverecommeon4wholef thed abohadisclosedrio. Wopeveeve…
7.3	listedtityshoulddiscloAense:(a)if it halditfunhothefunintctictiasanernauonwon,redndwhrolerfise itructuatt psaorms; or(b)if it dhaal audfunthaintitctiottoes nveanernon,facndheloyforaludit eatittaprocessesmpsevnganallytheeffofkntiimviniveitsrisectconuprognessd il coolntntentrmanagemeanrnaprocesses	[If thetitylieswith ph(a):]encomparagraphol audfunredd whaoler initctiis stertructut rwounaonan…erfitporms:☐inr CGoStat OtetemRouorporavernanceen☐[loc]insatiaterton[If thetitylieswith ph(b):]encomparagrapthefachadot hintalditfunctidt tt wenoaveanernauonan…theloyforalud cllyatitinprocessesweempevnganonuatheeffofiskdimviniveectntprognessour rmanagemeanalolintntrerncoprocesses:☐inr CGoStat OtetemRouorporavernanceen☐[loc]insatiaterton	☒lanatiwhthat isinr CteanexponysoouorporaGoStattvernanceemen
7.4	listedshoulddisclowhethit hlAtityriaateenseerasany mmiirotald sialtoexposureeconoc, envnmenanoctaibilityrisksd,if it dhoit msusnaanoes,wanagesorintdshorisks.te tenmoanagse	whethhal eriamiatetoerweveany mxposureeconoc,…if wvirlndialtaibilityrisksd,dontaenonmeasocsusnaane,hointd thorisks:e twwemanageoreno managse☒inr CGoStatetemtouorporavernanceen	☐lanwhthaatit isinr CteanexponysoouorporaGoStattvernanceemen

cilndatiCoe GCoratrpoovernanceunrecommeon		hafollowedthendatiinfull fohewholeWer tverecommeonofheeriodabhadisclosedWetpove.ve…	hafollowedhendatiinfull foheWeNOTtr tverecommeon4wholef theriod abohadisclosed. Wopeveeve…
INCPRIPL	8ESPONSEREMUNERATEFAIRLAYNDRIBLY–
8.1	Thboardoflistedshouldtityeaen:(a)hahich:tiomittevea remuneran come w(1)ofhat lethrmbjoritywhasts aeemeers, amaominddedirndntectareepenors; a(2)is chairedbyinddedirntectanepenor,ddiscloanse:(3)thechoftheitteartercomme;(4)themboftheittedmeerscomme;an(5)thed of eachd,theingrioatortasenreppembf tihethrhomittteetutnueromescome mougtheodd theindividl andoftheerittepanuaancesmbhotint tmeersasemeegs;or(b)if it dhatiomiottteoes nvea remuneran come,disclohafacndheloyforit ettt atseprocessesmpstheleveld coftinsitiontiosetganomporemuneranfordndndthaireioriverinctocuttrsasenexes aensughd ntion iriaiveteotsucremuneras appropanexcess	[If theliesh ph(a):]titywitencomparagrapthefachahahatiomit tt wttee ttevea remuneran com…liesh phs(1)(2):witdcomparagrapan☐inr CGoStat ORtetemouorporavernanceen☐[inslocati]atertond aofthechoftheitteartancopyercomme:…☐[loc]insatiatertond theinfatirefedinhs(4)d(5):toanormonerrparagrapan…☐inr CGoStat ORtetemouorporavernanceen☐[inslocati]aterton(b):[If thetitylieswith ph]encomparagrapthefachadot htiomindt tt wtteenoavea remuneran come a…theloyfortintheleveld csitionsetprocessesweempganompoofionfordird siorutindratectremuneorsanenexecves athah rd nrintion iriat steotensugucemuneras appropaniveexcess:☐inr CGoStat OtetemRouorporavernanceen☐[loc]insatiaterton	☒lanwhthaatit isinr CteanexponysoouorporaGoStattvernanceemen
8.2	listedshouldteldisclolicidAtityitsenseparaysepoesanardthef nctiingtioutipracesregremuneran oon‐execvedirndhef edirdtioiveecttcutectorsaremuneran oxeorsanothiorivecutersenexes.	telolindtiociectiseparay ourremuneran ps apraces…ardthef ndirdingtioutiectregremuneran oon‐execveorsanthef edird othetioiveiorcutectremuneraonxeorsanr senutiexecves:☒inr CGoStatetemtouorporavernanceen	☐lanatiwhthat isinr CteanexponysoouorporaGoSt OtatRvernanceemen☐allyd ed thisntiexttyweareanernmanageanndhereflicableatiis tt arecommeonorenopp

Coratrpo	cilnde GCoatiovernanceunrecommeon	hafollowedthendfull fohewholeWeatiinr tverecommeonofheodabhadisclosederiWetpove.ve…	hafollowedhendfull foheWeNOTatiintr tverecommeon4wholef thed abohadisclosedrio. Wopeveeve…
8.3	listedwhichha‐basedAtityitytioens an equremuneranschhouldemse:(a)haoliwhethdrticipaittentsvea pcyonerpaareperm(whethehroh ther inctitontetotrar tensaonsuguseofdthe) whichlimheeriiveiseit tvatosr orwiskf pheschdmiicipatiin tarteconorcongeme;an(b)disclothaoliofit.t psecyora summary	olithiofs isit:our pcyonsueora summary…☐inr CGoStat OtetemRouorporavernanceen☐[loc]insatiaterton	☒lanwhthaatit isinr CteanexponysoouorporaGoStattvernanceemen

ST GEORGE MINING LIMITED ACN 139 308 973 (Company)

CORPORATEGOVERNANCE STATEMENT

FOR THE FINANCIAL YEAR ENDING30 JUNE 2021

ThisCorporate Governance Statement is current as at 1 September 2021 and has been approved by the Board of the Company on that date.

This Corporate Governance Statement discloses the extent to which the Company has, during the financial year ending 30 June 2021, followed the recommendations set by the ASX Corporate Governance Council in its publication Corporate Governance Principles and Recommendations – 4th Edition (Recommendations). The Recommendations are not mandatory, however the Recommendations that have not been followed for any part of the reporting period have been identified and reasonsprovided for not following them along with what (if any) alternative governance practices were adopted in lieu of the recommendation during that period.

TheCompany has adopted a Corporate Governance Plan which provides the written terms of reference for the Company's corporate governance duties.

Due to the current size and nature of the existing Board and the magnitude of the Company's operations, the Board does not consider that the Company will gain any benefit from individual Board committees and that its resources would be better utilised in other areas as the Board is of the strong view that at this stage the experience and skill set of the current Board is sufficient to perform these roles. Under the Company's Board Charter, the duties that would ordinarily be assigned to individual committees arecurrently carried out by the full Board under the written terms of reference for those committees.

TheCompany's Corporate Governance Plan is available on the Company's website at www.stgm.com.au**.**

TH()RECOMMENDATIONS4EDITION	COMPLY	EXPLANATION
ffinciple1:Laliddaiond oightPrtt aysoounsormanagemennvers
daReion1.1tcommen()ldholdhaddlosbodhaAistityisctrteaeensuveaneaarcrf thichheivelesd ribilitiesheetutttwss orespecroanesponsod,hehaddludeBoCirinctt,aranmanagemenansadef tholydhedipionBotttetotscrosemarsexpressreserveardhodelegdtattot.anseemanagemen	YES	hehadod adhahaheflesdTCoBoCiicterter tt setuttmpanys apars ospecroanblf thed,hehaddludeiiitiesBoCirinctt;responsoaranmanagemenansafdeipionholydheddhoBottttetottscrosemarsexpressreservearansedelegdattot.emanagemenhedhahefblfhed,TBoCiiciiitiesBortetstttarrseouspecresponsoarirehed'sitionhelesdibilitiesfBonttottrequmes asarcomposroanresponso,heChairmdCoSeheblishmiondttattat,atananmpanycrery,esenoperanfd' adsdBoCoittDireCot octotomanagemenarmmees,rsccessmpanyrecoranfodelsf thed'slathhdelsfinioniBoionipitiattat,tarmoarreswmanagemeno,hed'sfoiewddeilsf thed'sdiscloslicyBoBottaarperrmancerevanoarurepo

RECOM	TH()MENDATIONS4EDITION	COMPLY	EXPLANATION
			f the'sdhahhf the'sACoBoCicisCorteartcopompanarr,pompanyywylanlablehe'sbsCoGoPisiCoiteattrporevernanceavaonmpanywe,
Recommeld eAiste()a(b)	daion21.tnhold:ityntsudekeheksbefodiatintingirertactounappropreccreappoarioriveingfodfolecionututttorsenexecor psomeonerwarr eiredDctoasar;andeholdehll mlfoiityitiainioninitsatatprovsecurrswaerrmlevdehehelecionisiont ttottotpossessreanoaconwr or nelecireDt actoorre‐er.	YES	()fof theCohaidelineheintd slecionheTr tnttampanys gusappomeaneoddlanheBoioriveinitsCoGoPTutataransenexecsrporevernance'sha(he'sCoNoinaionCoittCinCotrtetmpanmmmeermpanyy)(lanireheinaionittCoGoPNoCoatttrporevernancerequsmmmeeor,bshed)heks(ludinitsBoiatincingttoaencearensureapproprecc,heksf chadul rdinienioniminat otetccrespecracr, experce, eca, crecordbakrh())dekebefoistiattcyrtaannuporyasappropreareunnreintingingfodityholdeutttoappoaperson,orprwarsecurrsaddafolechef afaiionDireInistetctott otctocanr e, as ar.evennunsaryhek,dbmheDireisireit tirigionctototccarreqsuresnauhedhedddDuingioCoiintirettt actorpermpanynoppoa newr.()fobUndeheinaionCoittChall mialinionNor ttrteatatmmmeer,aerrmlevdeheheleclecisionDiretttottot ot actoreanaoconwr or ner re‐erhabedllbededholdehefiiityinNoicetottsenanprosecurrsowvhelutleclecMinginingionDiretntttot ot actoeecoaresoer re‐er.
Recommeld eAisteiorsene	daion31.tnholdhah ehdityittitDirentt wctosuvea wrenagreemenacr anhef theiveingir ainttettt ttentxecusourms oppome	YES	'sheCoinaionCoittChaireheinaionTNoNotrtettmpanymmmeerrequsm(bshed)hahdCoittinitsBoDirettott ectommeeoraencearensureacr an,,llyhheioriveisittitutarttottsenexecpersonaapyawrenagreemenwhichhef thaire'siorive'sCoDtst ttetctoutmpanywseourmsororsenexecintntappomehehahad wh eh ofd sTCoittititsDireiortsctompanysrenagreemenwacrsanenfohefl yiveinaiautr ttexecspasncear.
RecommeheTCodlyirectfuproper	daion1.4tnfldholdbebleSeistitytattampanycreryoaeensuaccounhed,hrhhehall mdohheBoCir,ittotttatttotarougonaerswf thed.ioningBotncoar	SYE	hedhalinehelesibilitydbilityf theTBoCrteutttaarr osro, responsanaccounodahhheCoSeInitis,CoSeistatttampanycrery.accorncewmpanycrerybledlyhed,hrhhehall mdohireBoCir,ittacttotttatttoaccounarouonaersgwhefuf thed.ioningBottproperncoar
RecommeAlistd ee()a(b)	daion1.5tnityhold:ntsuhaddlosdlisciveityicyveane arspo;hrhbodfheboditsitttttougaroracommeeoarseblebjivefohievingdediveityinhettmeasuraoecsr acgenrrs	PARTIALLY	()hehadodiveitylicyhichideTCoDPoteampanysaparswprovsafrakfoheblh,hdCoisievttotameworrmpanyesaceanmeasuredbludf gdedheiveityjiveincinginiveityTttrsoecs,respecoenrrsllable,f thelanDiveityPoicyis aiCoGoPartatrsvaasporporevernance,he'sbsiteCotonmpanywe

RECOM	MENDATIO	TH(NS4E	)DITION	COMPLY		EXPLANATION
()c	composllygeneradlosisce()i()ii()iii	itionfitsod; anlatinionrehetmeashievacgehettenbjivetoecheiter:()A()B	bod,iorivedkfoutarsenexecs anworrcehd:ingiototeacreporperblebfohadjiveiotetr tt ptouraoecs serdediveityenrrs;'shhoitydsievingtotprogresswaracseds;anheiveionf mdtttrespecpropors oenanhed,Boiniorivetutwomeonnarsenexecdheholeitiontpossanacrosswkfo(ludhohehaincingityttworrcewensf"se"fohedeinedioriveuttnexecrse);purposesorfhe"relevloy"iityistttenaanemperdehekplacdelityWGeEqtunrorenrua's"GheitydeAct,ttstntenmoreceenrld",defdheEqityInicaineintotuarsaskplacdelWGeEqityAct.orenrua		(b)()c	heiveitylicyllowhedbledeTDPoBottotrsasarsemeasuragenrfdiveitybjiveiidediatdinullyttontrsoecs,consreappropreancoabohhebf ahabedhe'sitojiveiCotttt,tmonroecs,nyveenseanmpanyhheinievingtprogressacm.hedisclosdhebelowinfoionTCotatmpanyerm:()hef theblebhaiGiveizeCojivettnsompanymeasureaoecsvebehell rdAsCoitiiewtt.ttnoensempanygrowswevanseblebjivetmeasuraoecs;()iiifitbeintireiorDtoctocamenecessaryappoanynewrsorsenheddedhelfheiveBoiicaionutttttexecs,arconsreappobledbddedhaiveityjiveineivettett,measurarsoecs anrmgnhell sfhedhed,izeCoBoiuringtttsmaompanyanarreqfbbelylheiiedjiveduimit tCotecttot,specoecsmeunmpanyfrolyhelholedheingDiveityPoicyttmapprsasawan'slf ahebefoheb;Coicyintingjtstr tmpanpooppopersonoydan()iiiitheer:()hef mdheAiveionttttrespecproporsoenanwomenond,d aheholeBoinioriveitionuttarsenexecposs ancrossw(isaionincludinghoheityhadefinedtttorganwens"se"fohe)foheioriveuttttnexecrsepurposesrpasfldlosdbelowinaiaisiscncearey:f thed33%Bo•oar20%SeiorMt•nanagemenf the'sl wkfo25%Cotota•ompanyorrce()he"relevloy"deheBTityisttttennoaanemperunrkplacdelityWGeEqActorenrua
Recomld eAiste()a	daiontmenhoityntshaveanfoperrmireDcto	1.6ld:uddlosiscef tanceodrs;an	fodllyluaheioicaingttaprocessr perevahed,dddulBoitsittiniviarcommeesana	YES	()a	's()heCoinaionCoittinitsbshedTNoBottmpanymmmeeoraencear,,blefoluahefofhed,isiingBoitstttresponsrevaperrmanceoardddullbadoittiniviDireis.Itctocommeeasnarsonanannuasmaysoithheid of aindededvisohefohisisTtntr tt outwanpenar.processse'sinheCoCoGolanhichisilablePtatmpanyrporevernance, wavaonhe'sbsCoitetmpanywe

TH()CONAIONS4IIONREMMEDTEDT			COLYMP		XLANAIONEPT
(b)	dlosisceluatevaprocess	fohdhehefoingiottr eacreporperwr aperrmancehabedekedahhaioninitrtattsenunnaccorncewduinginf thaiod.t ot prorrespecer		(b)	he'slanheTCoCoGoPireCoatttompanyrporevernancerequsmpanydloshehefoluadudisciontttcteewrornoperrmanceevaswereconduinghelevingiod.ingheiodheCoDutt rtttrreaneporperrpermpanyddletfoluaf thed,iioninBoitst ctt onoompe perrmanceevasrespecar(f a)dddulittiiniviDirectocommeesnyanars.
Recommelistd eAe()a()b	daiontnityhontsuhadveanfitsosendandiscloseluatevaprocess	1.7ld:dlosfoluahefoiscingtteaprocessr evaperrmancelead;ioriveingiouttsttexecs aonceeveryreporperfofohingiodhehettr eacreporperwr aperrmancehabedekedahhaioninitrtattsenunnaccorncewduf thad.inginiot ot prorrespecer	YES	()a(b)	he's(bshed)TCoNoinaionCoittinitsBottmpanymmmeeoraencear,,fofof t'sisibleluaingheheCoiorttresponsr evaperrmanceompanysenlbahe'siveis.TCoReionutratexecsonanannuasmpanymune(bshed)blefoluaCoittinitsBoisiingttmmeeoraencearresponsr eva,,hef the'slionCoiorivetratutremuneompanysenexecs onanannuabafohekeis.Aioriveutr ttssenexecsepurposes, meansymanagemen,l(defdhe)hehaineinCoionActattotr tpersonneasrporsnanon‐iveDireutctoexecr.helicablefoheluaionbefodinheTr tttappprocessesseevas canun'slanhhlableheCoCoGoPicisiattmpanyrporevernance, wavaon'sbsCoitempanywehedhehaletdfoDuingioCotttrpermpanysnocompeperrmance().luaioninf theioriveif att outevasrespecsenexecsny
lehedbeffd addluePrincip2:StBoivectuttotrureareecanva
Recomme	daiontn	2.1	PARTIALLY	()a	heddhafoheTCoiNoinaionCoittttr ttmpanynoveammmeepas
heTBoar	df alistoe	dhold:itytensu			flhohheduf theinaiaiesNoinaionCoittttttncyear,ugommmeearefodbyhed.Botperrmear
()a	havea n()i()iiddiscan()iii()iv()v	inaionitthich:tomcommeewf whaleahrbejityhotstts aeememrs,amaoromdededinDirentctoarepenrs;anhadbydedeisireinDirentctocanpenr,lose:hehaf theitttrtecr ocommee;hebef theditttmemrsocommee; anhed of eh rd,hebeingioattttasenaceporpernumrfimheitthrhoheiodttt tuttoescommeemeougperdheddul adaf thebeinivittteatananncesomemrshoingtetsemes;or			he'sha(hCoNoinaionCoittCineditinitsTtrtentmpanymmmeercoawlan)defohef aCoGoPiionNoinaionatr tattrporevernanceproscreomvitt(ifitisideditillbefithe),ithCoCotatmmeeconsrewnempanywf wleahrbejityhoindedeireDsttntctoeememrs,a maoromarepenrs,dhhbehadbydedeicireinDirestntctoanwmucanpenr

TH()RECOMMENDATIONS4EDITION	COMPLY	EXPLANATION
()bifitdohainaionittdiscloshafattttctesnovea nomcommeee,heloyditddrdionBottoanprocessesempsaessarsuccessdhahedhaheissBoiattott ttuesanensurearsapproprebalanf sklls,knledgdedediieninceoowe,expercepennce an,diveitybleitdischaitsduiesdtototrsenargeanblffely.iiitiesivectresponse		()bhedidhainaionittfoheTCoNoCottr ttmpanynoveammmeepasflhehelinaiaddidideCodBotttncyearasarnoconsrmpanywoubeffroblhmdahhe'sititsisInitCotat.tnemesenaccorncempanwydhahedheduhalddlyBoCBoiesiesinairtett tttt warr,arcarrououorrbeiedbyheinaionCoittdeheinaionNoNotttr ttcarroummmeeunmhaludhefollowddrCoittCincingingrtettommeer,processesaessdhedhaheionissBoiattottsuccessuesanensurearsapproprebalanf skills,ienindededknledgf theceoexpercepennceanoweo,itybleitdischaitsduiesdibilitiesttototenenargeanresponsffelyivecte:()dedddiingimiscBoionisstttovoeussarsuccessuesandainghe'sd skillsix;dCoBotttrupmpanyarmaan()lldbebelvedhe'siiBoinginvinCotaarmemrsompanyhed udeinaionimittttottentnomprocess,maumexpermenrxhedlesCoionAcASXListingRutatt arporsn
daionRe2.2tcommenld eholdhaddlosd skllsAistityiscBoiixingnttrtttesuveane aarmaseouhef skllshahedlyhalookhixiBoisingievinttt tnttomoarcurres oracebehitsip.memrs	YSE	(deheinaionitthainhe'sUnNoCoCCoCottrtetatrmmmeermpanyrporelan),he(bshed)GoPNoinaionCoittinitsBoistttvernancemmmeeoraencear,,ddkllshef skllshaheireBoiixingixitotrttt ttt trequprepareaarsmaseoumodlyha(lookh)dhleaBoisingieviewisnttototatstarcurresoraceanrev'sllyinsheCodkillsixheiatBot ttrtotannuaagampanyarsmaensureappropref skllsdhablffelydddluedixiiscitsigionivetoatcttotomorgeos eanavaanhedhahebldel whdbudBoiityitinginetttoensurearsaaneanemergsssanwissgovernanceues.heCohafohefinaial yhaddkill mixingTBor ttatttmpanys,pasncear,aarsrsehef skllsddhahedlyhalookixiiveityBoisingtttt tnttooumoanrsarcurres orhbehhedhakllshefollowievinitsip.TBoiixingingtrtacememrsars asmacoverkefknledgd eisetyareas oowe anxper:jlopPrDetntoecvemelth,fetdlHeSaEnirotaayanvnmenlLegalCoiammerc()FinaAcingtncecoun

RECOM	TH()MENDATIONS4EDITION	COMPLY	EXPLANATION
			hedhahedlosfhdbe'sTBoCireiscBortetarrreqsureoeacarmemrulfdlldelshdiicaioniseFuiDireiortttatoctoquasanexperaseacransen'slevkllsdlablehe'siveiieniinCoutttexecreansanexperceareavampanyld ohe'sbsAnReCoitet atnuapornnmpanywe
Recomlistd eAe()a(b)()c	daion2.3tmenityholddisclosntsue:f theheireidedbyhedbeDBotctottonames orsconsreardedeinDirentctopenrs;f ahalathf theiDireintitionionipctot,rs aneresposorresodeibedinf theBo2.3ASXCoGotyatpescrxorporevernancelesdda(hd),buhePrincipReion4tEitiontttancommensdf thehadoheBoisinionitisettt ctaroopesnoompromdedef thehef theinDireintctottut,pennceor,nareoeresfitionlationhipiniondlanionstatposorresqueananexpohyhedf thadBoisiniontt owarop; anhelenh of sf ehiceDirettctoeroacrgv	YES	()hedhahedlosf thefTBoCireiscDirertetctoaarr reqsureonames orsuidedbyhedbeindedehedideBoTBottontconsrearpenarconsrsfheindedeireinheinaial yDtntctottrewere nopenrspasncear.(b)hedededhlble.TinDireisisicantctott arearenopenrsannopp()he'sldloshelenhf sf ehTCoAnReiscicetttcmpanynuaporesgoervoacirehed of ehfinaial yDctot tr, as aenacncear.
RecomAjmaorDirecto	daion2.4tmenf tf aityhed olistd eityholdbeindedeBontntoaresupenrs.	ON	he'sdhahahel,hefTCoBoCireicajityrtett,ttmpanyarr requswrepracmaorohedholdbeindedeBotntarsupenhededed' of thedfoll of theflTinireBoinaiantctotrewerenopenrsarr apasncearyheddidideindedejityfhedTBoBotnttarnoconsranpenmaoroarwasiatfohefinaial yiver ttapproprepasncear gn:()hefhe'sbudldlefCoineitsimitettutanareompanysss,anscaohelydsd clyllyivitiesCoiattac, meansmpanonnee, ananoncommercyin,lld of thr()ireBo3Dstactosua smaareers;(b)hedelatdll‐Coiitiveitsivetmpanyconsrsnecessary,gnspecuansmaledblebyffeivitiesinitaDireingttoattt aretctoscaacracnasursor,hedDireintinCoctottrsaneresmpany; an()heCoideitiatideionitsttorattocmpanyconsrsappropreprovremunehefof slhDireinitiesindeitsimited cctotr trsrmoecuroro conserveasreserves.hedhakehefollowhedddlueTBoingBotatstetostrtuttoarsnpsucrearavadeitehaingindedejityfireDtntctospnovanpenmaorors:

TH()RECOMMENDATIONS4EDITION	COMPLY	EXPLANATION
		()irehahekillsfoheirlesdiliglyDctottottarsvesperrmroen;()bhdirekelitydindedejdginhebeEactontnttstcr mas quaanpenumesf thedintCoteresompany; an()hedf al od cflfTBoisiveictinttuts.caraware onyacar perceonoeres()dingheded30202hedisedf3DuJu1Bottryearennearcomprodf whodedbededeireiinctotontrsomnoneare consrepenhedlyl ofdhed wld cdeTBoise3ireBointtotactotarcurrecomprs ars,arouonsrdbededeireinctor tntnoopen
daion2.Re5tcommenhehaf thedf aldholdbededeTCirBoistityintntoaroeensuanpend,larholdbeheheDireinicuCEOctottttarnpar, snosamepersonasufheitytntoe	NO	f thedChaidehaheical,heChair ohed sholdTBoBortestt, wttarr provrepracarubededed sholdbehe/inDireCEOMingDirentctottctoanpenr anunoanagr.hehafheduheflTCirCoinginaiattttompanrpasncearwasnoanyy/indedeired wheingireDCEOMDntctotctopenr anasanagr.heddidhaindedeChairbeit wfeibleduTBotnttarnoveanpencauseasnoasehe'sdd she'sCoizeBoinCototnttructut outtmpanycurresanarre,assempanydaReion2.4.totresponsecommen
daionRe2.6tcommenlistdityholdhafoinduingiredADtctctoeensuveaprogramrnewrsanfodllyhehehedfodioicaiewingis aistingiretr tctoprerrevwreneer exrsdekefeldelophekllsdionintinitortanttotunprossavememaasanknledgdedfoheirleireffeively.Dtotctoctowe neeperrmroasrse	SYE	dahhe'sdhaheInitCoBoCNoinaionCoitttrtettaccornce wmpanyarr,msmmee()initsbshedisiblefohel adiewfBotr toraencearresponsapprovanrevo,,dud cfeldelopdduinioninuingioncttntanonprossavemeprogramsanproceresfohaheffelydhaheblDireiveiscir riiitiesctotott tcttrrsensurecan ergeesponsyheSeisiblefofailitainginduiondTCotatctmpanycreryresponsrcsanfeldelopludbrflionincingivingieingiantteprossavemerecesonmardeloplawlatddadslevheinioningnttstat ttvemess,regus anaccounnrreanoCompany.
incipleil altufinglaflly,hicallyd riblyPr3:Insttetcureoacwuanespons
daion3.1Retcommenld eholdlatddloslueAistityicuiscitsntartesue anevas.	YES	()hedbsd(f a)dTCoitsiiariesiitttoampanyansuycompannyarecommedull ofbufaly,holy,h ahhlevlingitsineivitiesiritigcttstconasssacneewfdlhll alblelawlesdintityinianiticaoegr, ancompcewapps,ruanlationhed,d eloydedicadTBot atetoregus.armanagemennmpees arehhhl sdadsddhe'sigicaiseCoettattnranrecognansuppormpanylhhedadsitmianittttstacommencoompcewsenr

RECOM	TH()MENDATIONS4EDITION	COMPLY	EXPLANATION
			(b)he'sluef(hhfoCoinitsCodeCoduicTt outctmpanyvas areseonwrmsf thelan)dlableheCoGoPiartattporporevernanceanareavaon'sbsitell eloyiveiatiningCoAtrampanywempees aregnappropreonhe'slued sioriveill cinullyfeCotuttmpanyvas anenexecs wonarerencehluesucvas.
Recommeld eAiste()a(b)	daion3.2tnhold:ityntsuhaddisclosdef cdufoitsireiorDctctoveane acooonrrs,sendloydiveutexecasnempees;anhahedfhedBoittBoisttttensurearoracommeeoarfodf albrhef thadeiniatet crmeonymareacs oo	YES	()he'sdefdulhe'sTCoCoCoCoiesCoatcttotampanrporeonappmpanyyireiorivedloyDctoutrs,senexecs anempees.()(bhe'sdefduhichfof theTCoCoCoCoatctartmpanyrporeonwrms po'slan)lablehe'sCoCoGoPis aiCoattmpanyrporevernancevaonmpanybslbrhef thedefduditeAniaCoCotecttewemareacs oonarereporyhed of thed.BoittBototarr acommeeoar
Recommeld eAiste()a()a	daion3.3tnhold:ityntsuhaddloshleblowldiscisticyveane aerpo; anwhahedittfhedisBoBottttensurearoracommeeoarinfodfialincideddehatenttettrmeoanymarsreporunrlicypo	SYE	's(fof theCoWhistleblowionlicyhichheTPrPoottartmpanyerecwrmspolan)lablehe'sbsCoGoPisiCoiteAnattrporevernanceavaonmpanyweylbrhef thehleblowlbediaWistPrionPoicyteotttotemareacoserecarereporhed of thed.BoittBototarr acommeeoar
daionRe3.4tcommenld ehold:Aistityntesu()haddisclosi‐bribed cionlicydnttaveane an aryanorruppo; an(b)hahed of thedfodBoittBoisintt tensurearr commeeoarrmeflbrhef thaliaicytet poanymareacs oo		YES	he'sbedl(hhfofTCoAni‐BriAni‐CoionPoicyictttartmpanryanrruprms poyw)helanisilablehe'sbsiteCoGoPCoAntattrporevernanceavaonmpanyweyialbrhef thei‐ibedi‐CoionlicybeAnBrAnPotettttomareacsoryanrruparedhed.Botetotreporar
inciplePr	fdheintityf4:Satattseguaregrocorpore repor
RecommeheTBoar()a	daion4.1tndf aldhold:istitytoeensuhadhh:it citticveanauommeew()haleahrbell of whoitstts aeememrs,amarenon‐f whoiveiredjityDutctoexecrsanamaoromare	PARTIALLY	()foheCodidhaAudit adiskCoittheTRtr ttampanynoveannmmeepasflinaiancyear.he'slanddkTCoCoGoPinsAuit aRisatntmpanyrporevernancecoaannitthahaidefoheionf adit adiskCoCAuRrter tt pr tatmmeerovscreonnhleahrbell of whobeCoittitatsttstmmeeweememrs,ammunon‐
	dededinDirentctopenrs;an()hadbydedehoiiisireinDireisntctotcanpenr,nowhehair of thed,CBotar		dfhebeiveDirejityCoittutctotstexecrs,anmaorommeemudedehebehadbyinDireTCoittirentctostpenrs.mmeemucanindedeirehoishehair.DCntctot tpenr wno

TH()RECOMMENDATIONS4EDITION	COMPLY	EXPLANATION
ddlosiscane:()iiihehaf theitttrtecr ocommee;()helevlfdf theiviicaionientt qtreanuas anexperceobef thedittmemrsocommee; an()inlationhingiod,hebeftottvreeacreporpernumr oimheitthrhoheiodttt tuttescommeemeougperdheddul adaf thebeinivittteatananncesomemrshoingtetsemes;or()bifitdohadit cittdiscloshafadtttctesnoveanauommeeean,heloyhalyfyitindedeidtttntprocessesempspenveranfedhefludintityitsingincingtattsaguaregrocorporerepor,hefohedlfheintttnttprocessesrappomeanremovaof tlditodheionhedittettattexrnaauarnrooauengagementnparer		heheddkhebef thedWis aAuit aRisCoittAuitttnrennmmeememrsofdiskCoittheirlevliicaiondienheRtt qttanmmeereanuaanexperce,,bef theduhelasfl ydimittinginaiattttnumorescommeemerncear, anheddul adaf thebellbedlosdheiniviiiscintttetanncesomemrs,ewlAnRet.nuaporfoheCodidhaAudit adiskCoittheTRtr ttmpanynoveannmmeepasflheddddeheldinaiaBoiiCotttncyearasarnoconsrmpanywoubeffroblhmddolyhaititsisIntat,t cntnemesenanesnourreveone.daithhe'sdhahediesCoBoCBotrtettaccorncwempanyarr,arcarrouheduhalddlybedbyheddkiesinaiieAuitRistttt wttouorrcarrouandeheddkhaludheCoittAuit aRisCoittCincingr trtetmmeennmmeerufollowdedelyfyhefheinginiintitytontttprocessespenveregro'shhbyCoiodicicditediewdtst ampanyperreporwarenouorreveanldll ahefoheditointtetr tntexrnaaur,aswesprocessesappomeanlfhelddhefheditoionitttettattremovaoexrnaauranrooaut partengagemenner:()fufiheddeimldinglillingBoBottett aettoarvose annuaarmeshelesdbldhhliiitiesiatitittteroanresponsassocewwexrnadditots;auarrrangemenan()iill mbef thed ainvlvedinhe'sditBoCotaemrsoarreompanyaufuhef thedionintityttottncensurepropermaenanceoenanhef allfl rintityinaiaingttegroncepor
daionRe4.2tcommenhedf alistdityhold,befoitheity'sTBotttaroeensureapprovesenflfofl pd,frodinaiainaiaioiveitsCEOtatentncsmesr ancerrecemandelarhahefl rdsf thehabeCFOioninaiaityattt ttacncecoroenveenlyintined adhahefinaialstlyithhett tattstpropermaanncemencompwfaf theiatingdadsdivedir viewtstatruappropreaccounnrangaeanofldfof thedhaheinaiaitionityinionttt tncposanperrmanceoenanophabefodhebaf adf rkisiststetsenrmeonsosounsymomanagemendintl cl whichisingffeively.troatctanernaonopere	YES	he'sddkhahedTCoAuitRisCoittCireCEOCFOrtetmpanyanmmeer requsan(())if nhefulfillinghofuionideigff ottttoorone,personssencsprovasnon,hetteserms.hedkshelevfrohed(heTBoCEOCFOirttttarseereanassurancemanorlen)helevivaimtsattt tequreane.
Redaion4.3tcommen	YES	hehaluhf(hehahefoTCoincdedinitsiniontottenttt tatmpanyseacoexrmdhefollowdd odbyl ad):ineiningisiteiewitonttt atecoanour reveanexrnaur

TH()RECOMMENDATIONS4EDITION	COMPLY	EXPLANATION
ldholddlosfyhef aAistityiscitsiintityttoteensueprocessveregronydleahekehaddioicitisiteatttott ttt apercorporereporresesmarnouiewdbyl aditoteorreveanexrnaur.		()l rbsdef theitsiteipionittstaannuaepororonwe, ascroprocessdekfyhef thefoliintityinioninitsrtototatunoveregrormannuadire'ctot;rsrepor
		(b)lylbsinitsitsitertets,tquarrepororannuarepororonwea,def thedekfyhef theipionitiintitytrtototscroprocessunoveregrofolyinioninitsatrtets;rmquarrepor
		()(f tintdinitsl rihaisratts,ttatcegerepororannuaeporaseparedod)bsdefitsintitsiteipionnttratttcumeoegerepororonwe, ascrohedekfyhef thefoitiintityinionintrtototatprocessunoveregrormitsintddratts;egereporan
		(d)d(h abl),ioicinaiityCSRattsstatpercorpore reporsucs asuorrepororl rbsdef theinitsitsiteipionitt otannuaeporr onwe, ascroprocessdekfyhef thefoheiintityinioninrtototattts.unoveregrormserepor
inciplekeimlydbalanddisclosPr5:Mtaeanceure
daion1Re5.tcommenldholdhaddloslfolyAistityiscitticyingteensveane awrenpor compu	YES	()he'slandelshe'sTCoCoGoPiCoattatampanyrporevernancempanyloslCoinuDiscicyntousurpeo
hdlosbldelleititsinuiscigionisting3.1.ntatwcoousure os unrru		(b)helanhhheTCoGoPicincCoinuatattntrporevernance, worporesousiscloslicyisilablehe'sbsiteDCoturepoavaonmpanywe,
daion2Ret5.commen	YSE	dehe'slosl(hhfof theUnCoCoinuDiscPoicyicr tntt ompanyousurewrms par
ldholdhabodfllAistityitsiveiesttteensuensurearrecescopoalkelyftehehabedeiatettstr tmarmarannouncemenprompayveenma		lan),llbefhedlCoGoPBoiveiaattterporevernanceamemrsoarrecemarkelyftehehabedettstr tmarannouncemenprompayveenma
daionRe5.3tcommen	YES	ll sbsiveinvlyionleadheSAAXtanttostntattuesr or anapreses werereseon
ldhadbslyAistityiveiveinvttt gtanttosteensanewansuesr or anaholdleaf thelsionioniantatntattepresesureseacopyopresemaronhekelatfohed of theASXMAnPionttntntatarnouncemesrmaaprese		kelatfohed of shMAnPiontsntntatarnouncemermaaucpreses.
incipleheightfityholdePr6:Rettspecrs osecurrs
daReion6.1tcommenldholddefobolfdAistityiinionitsitstatuteensprormaeanuvbsinviaitsitetotogovernanceesrsvwe	YES	fobohedlableheInionCoitsisiinatutttrmampanyangovernanceavalanhh cbefod ohe'sbsCoGoPicCoiteattrporevernanceanunnmpanwewy

TH()CONAIONS4IIONREMMEDTEDT	COLYMP	XLANAIONEPT
daReion6.2tcommenldholdhalathaAistityinvionttotteensveanesrresprogramufailitaffeiveicaionithinvtecttwttoceso‐waycommunwesrs.	YES	hehadodhaholdehhTCoSCoicaionStictetratmpanysaparermmunsegywdfalffehimiitaiveicaionittotetecttwtaspromoanceo‐waycommunwinvheStlinefinhichinfoionisTtorattatesrs.egyousarangeowayswrmhahollablehe'sbsicaddedisiCoitetetotcommunsrersanavaonmpanyweasf the'slanCoCoGoPartatpompanyrporevernance
daionRe6.3tcommenlistdityholddiscloshoitfailitadAtteeensuewcsanencouragesf sholdeicipioningityartatatetpmes oecurrs.	YES	haholdedll gl mdSicipingAGMtoartatt atrersareencouragepe aeneraees ansfhehedeh of aicef minghaholdeCoUpSttattttoompany.onspcnynooeerers,hehallsed olsthallhaholdeCoSeiaingSttautteattt ampanycrerysnmarrersaredheicipingtoartatt tetencouragepe amehededhaholdehheTCoiSitityicipinttutoartatmpanyprovrerswoppornpehaholdeingbyllowingingindbylinettsremreesavoperson anproxyoron
daReion6.4tcommenldholdhall sbslutAistityiveionttttantateensensurearesosauuf sholdedededbyll rhehabyhoingityietatr tmeoecurrsareca pona swfhadson	YES	lllutholdedededbyhofhadsAionityingit stresoasecurr mees werecaswonbel ndullbad obefshaholdeit wicatottoctcauseaspraccona posen numr orersddhebef pd.ingiesiveatttenannumr oroxrece
daReion6.5tcommenldholdholdeheAistityiveityionivettttoeensugsecurrsoprecefrod sd chedicaionicaionityitstttottcommunsm,anenommunsenan,ityistlecically.trosecurregryen	YES	hehaholdedehaholdeTSCoicaionStiitytrattt srermmunegyprovsecurrscanhhelfheistitCoiveiiicaionttottregerwmpanyreceemanoswnandebyheheludheleafisCoASX,incingntttottannouncememampanyreseohelhalf ylydlyksdeAnReLintt,tsrtets.nuaporearreporanquarreporaremalablehe'sbshhllfodedheiCoiteicinionitotattotavampanyweonwarmprovdlyd.ASXisimiattemeeposShaholdeiesholdbefedheCoSefirstottaattrersquersurerrempanycreryinstance.

TH()RECOMMENDATIONS4EDITION			COMPLY	EXPLANATION
lePrincip	7:Recog	d mkiseisnananage r
RecomheTBoar()a(b)	daiontmendf alistohaveahh:icw()i()iiddiscan()iii()iv()vfdoiitfyistsaloyempsframewo	7.1dityhold:teensuk,hfittittistocommeeorcommeesoverseereacohaleahrbejityf whotstts aeememrs,amaoromindedeiredDntctoarepenrs;anhadbydedeisireinDirentctocanpenr,lose:hehaf theitttrtecr ocommee;hebef theittdtmemrsocommee; anhed of eh rd,hebeingioattttasenaceporpernumrfhehrhohedimittiottt tuttoescommeemeougperdheindividul adaf thebettteatananncesomemrshoingtetsemes;orhakhaisittitttttesnovearcommeeorcommees()bodloshafadheiscitttcttaaveeanprocess,foingheity'sisktttroverseeenrmanagemenk.r	PARTIALLY	()heddhaddkfoheTCoiAuit aRisCoitttr ttampanynoveannmmeepasf'sinaialheCoCoGolaninsTPatntncyear.mpanyrporevernancecoaanddkhahadefohef aAuitRisCoittCiionrter tt pr tatanmmeerovscreonddkhleahrbell of whoAuitRisCoittitatsttanmmeeeememrs,amwbeiveired mjityf theittDCostutctostmunon‐execrs,anaorommeemubeindedeireheCoittbehairedbyDTntctostpenrs.mmeemucandedehohehaf theinDireisCir.AContctot tatpenr wnocopyorporelanlablehe'sbsGoPisiCoitetvernanceavaonmpanwey()bhedidhadit adiskittfoheTCoAuRCotr ttmpanynoveannmmeepasflheddddeheldinaiaBoiiCotttncyearasarnoconsrmpanywoubeffroblhmddolyhaititsisIntat,t cntnemesenanesnourreveone.dahhe'sdhaheditCoBoCBoiestrtettaccorncwempanyarr,arcarrouheduieshalddinailybeiedbyheAuditdiskRtttt wttouorrcarrouandeheddkhaludheCoittAuit aRisCoittCincingr trtetmmeeunnmmeerfollowhe'skingityistotttprocessesoverseeenrmanagemenfrak:mewor()iheddeimd mingfulfillinghelesBoBottettttotarvose aareesrodbldhkdiiitiesiatitingisanresponsassocewoverseeranhe'skfrakdintiningityistttmaaenrmanagemenmeworaniatdintl cliand cl pdutroassoceernaompceanonroceres.

RECOM	TH()MENDATIONS4EDITION	COMPLY	EXPLANATION
RecomheTBoar()a()b	daion7.2tmendf thed shold:ittBoor acommeeoaruiewheity'siskfrakleatttatstrevenrmanagemenmeworllyfylf thabeddisitsitinutottnttoannuasaecoessounanhahehdudhekityisingitisttttattotenoperweregarritebyhed;dBoetttappsearandisclosinlationhingiod,heheh atottereeacreporperwr suchakelaciewtarevsnpe.	YES	()heddkhahaheddkTAuit aRisCoittCireAuit aRisrtestt tanmmeer reqnu(bshed)hold,leally,CoittinitsBotatstmmeeoraencearsuannua,,fylfhahe'skfrakisitsCoistttttsaempanyrmanagemenmeworbeddhahehduinuCoisingitnttott tatcoessounanmpanyoperwedhek abyhed.isiteBototetttregarrppsear(b)he'sdhaletdiewf the'siskTCoBoCompanyars compearevompanyrfrafkinheinaial ytttmanagemenmeworpasncear.
Recomlistd eAe()a(b)	daion7.3tmenityholddisclosntsue:fhal adfuhohefuiitintitionionistttsanernauncwnc,dd whalefoit pstrtut rucreanoerrms;orfdohal adfuhafadiitintitionttttctesnoveanernancanu,heitloyfoluaingdinullyttntprocessesempsrevaancoaheffefkimingiveitsistctprovenessogovernance,rdl cl pintt atromanagemennernaonrocesses.	NO	()heddkhadefoheddkTAuit aRisCoittCiAuit aRisrter tanmmeer provsnittitod piodicallyiewhedfointlCototmmeemonr anerrevneer anernadfull ahefod obfitioningjivitytttaunc, as wes assessperrmanceanecol adduhabelacintitintt manernaproceresaype.yu(b)heddhal adfufoheTCoiintitionttr ttmpanynoveanernauncpasfinaialncyear.
RecomlistdAeiroenvnmtomana	daion7.4tmenityholddisclosheheithaial etttetoensue wrs anymarxposurell rksfhoiaisd,iitdoit mintdstaenosrocaneswanagesoren,hoksistgeser	YES	heddkhaheddkTAuit aRisCoittCireAuit aRisCoittrtetnmmeer requsnmmee()initsbshedistdeineheheheBottot ttetr toraencearassmanagemenormw,,hal ol olCoiairoiaottt etotampanys anypenr apparenxposureenvnmenr socksd,fdolacdisiitiniceuttstetranesppemanagemensymspracsan,,duhoiskstotproceresmanageserheCo'sCoGolanireheCodisclosTPatttompanyrporevernancerequsmpanyehehehal ol olitiairoiatottt etotawrasnypenr apparenxposureenvnmenr socksd,fdolacdisiitiniceuttstetranesppemanagemensymspracsan,,duhok.istotproceresmanageserhehedohal el oWCoiairotttetotarempanyesnovemarxposureenvnmenrlks,hebafohadehed ad,heiaisit risinaionBotstr tttettotsocreporsrmarnwrebehmkhe'sl ol rkfleiatCoiroiaisittaappropre,ncarmpanyenvnmenr socproinsitstagapeers.foheCodiscloshisinioninitsAnlTRetatt.mpanyesrmnuapor

TH()RECOMMENDATIONS4EDITION			COMPLY	EXPLANATION
inciplefirlyd riblyPr8:Reatmunereaanespons
RecomheTBoar()a(b)	daiontmendf alistohavea r()i()iiddiscan()iii()iv()vfdoiitfactancomposutexec	8.1dhold:ityteensuhh:ionitticatemunercommeewhaleahrbejityf whotstts aeememrs,amaoromindedeDiredntctoarepenrs;anhadbydedeisireinDirentctocanpenr,lose:hehaf theitttrtecr ocommee;hebef theditttmemrsocommee; anhed of eh rd,hebeingioattttasenaceporpernumrfhehrhohedimittiottt tuttoescommeemeougperdheindividul adaf thebettteatananncesomemrshoingtetsemes;orhadloshaionittisctratttesnovearemunecommeee,dheloyfohelevl aditingtetttprocessesempsr senitionfionfoirediorDratctooremunerrsansendhahiveingionisttratsanensursucremune	PARTIALLY	()foheCodidhadionCoittheTRetratr ttampanynoamunemmeepasflinaiancyear.he'slanTCoCoGoPinsReionatntratmpanyrporevernancecoaamuneitthahaidefoheionf aionCoCRerter tt pr tatratmmeerovscreomune(fdedllbefhe),hCoittiitisiitiitCoittatmmeeconsrewnempanywleahrbefhobededejityinsttnteememrs,amaorowmarepend whhbehadbydedeDireicireinDirectostntctors,anmucanpenr.()fobheCodidhaionCoittheTRetratr ttmpanynoveamunemmeepasflheddddeheldinaiaBoiiCotttncyearasarnoconsrmpanywoubeffroblhmddolyhaititsisIntat,t cntnemesenanesnourreveone.daithhe'sdhahediesCoBoCBotrtettaccorncwempanyarr,arcarrouheduieshalddinailybeiedbyheionRetttt wttratouorrcarroumunedehehaludheCoittReionCoittCincingr tratrtetmmeeunmunemmeerfollowhelevl adf ringitioniontot tatprocessesseencomposoemunerfoirediorivedinghahDctoutttrrsansenexecsanensursucionisiatdiveratt eremuneappropre annoxcess:()heddedhelevliBoimBoingttettettotarvose aarmesassesseditionf rionfoirediorDatctoancomposoemunerrrsansen
diativet eappropre annoxcessdaion8.2RetcommenldholdlydlosldAistityiscitsiciesicetatteensusepareepoanpracsdhefdheingioniveDiretratutctotregarremuneonon‐execrsanionf eiveired oheioriveDrattctotutremuneoxecursanr senexecs.			SYE	iveutexecs.he'slanireheddisclositsTCoCoGoPBoatttompanyrporevernancerequsarefliciesdicedingheionirediorDttratctopoanpracsregarremuneorsansenhhdlosdhedheiveicisiscinionineinuttratt ctatexecs,weremunereporon'slll abedlosdhe'sCoAnReingiscCottmpanynuaporasweseonmpanybsitewe
daion8.3Retcommenldhhha‐bdheAistityicityiontrateensaneqaseremunescmewuhold:su()halicyheheicipittdtarttstoteavea poonwr panare permeenr(hehehrhhefdeintionivaivetrattr tttonsacswouguse ors orhe)hhlhekf piseicimiticisicipinginottartatrweconomrowhehedtscme; an()bdiscloshalicyfit.tt peoora summaryo		PARTIALLY	()heCohadity‐bdionheduingheTrattampanyanequaseremunescmerfl yheddhalheheinaiaTCoiicytttpasncear.mpannoveapoonrywd(heheicipittintionarttstotetrattpanarepermeenronsacswr)hrhhefdeivaiveheisehichlimit theicttttouguse ors or orwweconomkf pheheisicipinginartattroscme