TERMS OF REFERENCE

Membership

The Nomination Committee shall be appointed by the Board from among the Directors of the Company and shall be comprised exclusively of non-executive directors, a majority of whom must be independent.

Chairman

The members of the Nomination Committee shall elect the Chairman from among their members who shall be an Independent and Non-Executive Director.

Secretary

The Company Secretary or a nominee shall act as secretary of the Nomination Committee.

Quorum

There should be at least two or half of the Nomination Committee, whichever is the higher, of which the members present must be a majority of Independent Non-Executive Directors.

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