Statement of delegated authority to management

The Talent2 Board has approved certain powers to be reserved exclusively for determination by the Board and has delegated others to management.

Matters Reserved for the Board

The matters reserved for determination by the Board include:

• Decisions about Company financial plans
• Approval of strategy and major policies
• Issues of equity
• Guarantees and matters involving amounts over specified financial limits
• Succession planning
• Remuneration of the Managing Director, Chief Executive Officers and Board members
• Board and Key Executive appointments

Matters delegated to management

All matters not specifically reserved for the Board and necessary for the day to day management of the Company are delegated to management.