The Audit Committee reviews the performance, skills, cost and various other relevant matters when assessing the performance and appointment of external auditors.  This review is generally undertaken at the completion of the preparation of the annual Financial Statements and may involve discussion with the auditors and the Company’s Senior Management.

The current auditors of the Company are Deloitte Touche Tomatsu who were appointed at the Annual General Meeting held on 31 October 2002.  It would be expected that the external audit engagement partner would be rotated every five years.