The Board has also constituted a Conflicts Committee to consider and make recommendations to the Board with respect to conflicts of interest authorisations for members of the Board, the approval of related party transactions and transactions governed by the Relationship Agreement.

The members of the Conflicts Committee are:

• Stuard Detmer (Chairman)
• Ezio Bracco
• Anne Belvèze

The Conflicts Committee will meet immediately before and/or after each Board meeting, provided it has business to consider.