Paragraph 11 Auditor

The auditor or auditors shall be appointed each year by the Annual General Meeting. No person or firm shall be eligible for appointment as auditor or auditors unless eligible for appointment as auditor or auditors of a public limited liability company in terms of section 389 of the Companies Act 1985(^f1). In the case of a vacancy the Board may appoint a person or firm qualified as aforesaid to act as auditor or auditors until the next Annual General Meeting. The auditor or auditors shall not hold any other office in connection with this Scheme.