Trustee Responsibilities

There are five Trustees who are appointed under the terms set out in the Trust Deed and who administer the Trust. Their duties include:

• Appointing the directors of Top Energy Limited
• Negotiating with the Company’s directors the Statement of Corporate Intent, which agrees the strategic direction and performance objectives to be achieved by the company
• Monitoring and reporting on the Company’s performance
• Undertaking periodic Ownership Reviews involving a public consultation process, to determine whether the Trust will continue to own the shares in Top Energy Limited
• Comply with the Operating Guidelines (Code of Practice)