Remit of the Risk Committee

Established in December 2000

(i) to consider and review the risks which the Committee believes are those most pertinent to the Group and those which the Group's subsidiaries consider are most pertinent to them;

(ii) to consider the consequences of those risks;

(iii) to consider and review the management of those risks;

(iv) to recommend the implementation of changes to controls over risks, where the Committee considers it necessary, either to the subsidiaries concerned or, where appropriate, to the Board; and

(v) to report to the Board on its deliberations in such a way as to enable the Board to give approval for the inclusion in the Company's Annual Report of a statement compliant with the requirements of the Combined Code;

and to inform the Board of such matters as it may consider appropriate or as the Board may from time to time require.

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