Ironveld is subject to the UK Takeover Code


Nomination Committee The Nomination Committee has been established to review the structure, size and composition (including the skills, knowledge and experience) required of the Board compared to its current position and make recommendations to the Board with regard to any changes. support the Company's governance framework. The Directors acknowledge the importance of the ten principles set out in the QCA Code and this statement briefly sets out how we currently comply with the provisions of the QCA Code and the reasons for any departures from it.

Remuneration Committee The Audit Committee has been established to determine the terms of engagement of the group's auditors and will determine, in consultation with the auditors, the scope of the audit. The Audit Committee will receive and review reports from management and the group's auditors relating to the interim and annual accounts and the accounting and internal control systems in use throughout the group. The Audit Committee will have unrestricted access to the group's auditors.

Audit Committee None of the Non-Executive Directors would be deemed independent under the UK Corporate Governance Code. However, the Non-Executive Directors have considerable experience which the Company draws upon on a regular basis. In addition, the Non-Executive Directors are sufficiently independent of management so as to be able to exercise independent judgement and bring an objective viewpoint and, thereby, protect and promote the interest of shareholders.

Employee Relations Ironveld complies fully with all South African employment legislation, including covering maternity and paternity leave and equal pay. Ironveld feel that the building and maintaining good relationships with stakeholders where it operates is not only an important part of Ironveld’s strategy and its commitment to be an ethical business, but also ensures the Company is able to create value for all its stakeholders.

Modern Slavery Statement Ironveld fully abides by the provisions of the 2015 Modern Slavery Act. In accordance with its Code of Business Conduct and Ethics, Ironveld opposes the crime of slavery in all its forms, including child labour, servitude, forced or compulsory labour and human trafficking.