Prior to dealing in securities of the Company, Directors, officers, key management personnel and other designated persons must: 

• seek written clearance from the Chairman or Company Secretary of the proposed dealing to ensure that there is not any imminent ASX announcement that contains price sensitive information; and 

• confirm to the Chairman or Company Secretary that he or she is not aware of any insider information that has not been released to the ASX. 

Directors, officers, key management personnel and other designated persons must advise the Company Secretary of any dealing in securities of the Company within two days of such dealing. 

The Company’s Share Trading Policy can be found on the Company’s website at www.karoongas.com.au. 

## Environment 

The Company has a Health, Safety and Environment Policy and is committed to conducting all its activities in an environmentally responsible manner. 

The Company’s Health, Safety and Environment Policy can be found on the Company’s website at www.karoongas.com.au. 

## Disclosure of Information 

The Company aims to provide honest and open disclosure of information in dealing with stakeholders, subject to appropriate commercial considerations associated with competitive and sensitive information. 

The Company has developed a Continuous Disclosure Policy to ensure compliance by the Company with the Corporations Act 2001 and the ASX Listing Rule obligations in relation to disclosure of information to the market and to ensure accountability at a senior management level for that compliance. 

The Company’s Continuous Disclosure Policy can be found at www.karoongas.com.au. 

## The Role of Shareholders 

The Board of Directors aims to ensure that all shareholders are informed of all major developments affecting the Company’s state of affairs in accordance with its legal obligations. Information is communicated to shareholders as follows: 

• the Annual Report is distributed to any shareholders who request a copy. The Board of Directors ensures that the Annual Report includes relevant information about the operations of the Group during the relevant financial year, changes in the state of affairs of the Group and other disclosures required by the Corporations Act 2001 ; 

• the half year financial report, prepared in accordance with the requirements of the Corporations Act 2001 , is subject to an external auditor’s review. The half year financial report is sent to any shareholder who requests a copy; 

• proposed major changes in the Company which may impact on share ownership rights are submitted to a vote of shareholders; and 

• the Company posts all reports, ASX and media releases and copies of significant presentations on the Company’s website at www.karoongas.com.au. 

In addition, news announcements and other information are sent by email to all persons who have requested their details be added to the Company’s electronic mailing list. If requested, the Company, where appropriate, will provide general information by email, facsimile or post. 

The Company will ensure that the Annual General Meeting is held in a manner that enables as many shareholders as possible to attend and encourages effective participation by shareholders at the Annual General Meeting. 

The Company will arrange to have its external auditor attend the Company’s Annual General Meeting and be available to answer shareholder questions concerning the conduct of the audit, preparation and content of the Independent Auditor’s Report. 

