APPENDIX 6

Board Policy Statement on Fraud

The XYZ Group will deal with fraud within the framework of its Statement on Business Ethics, and
its Security Policy, which require a secure working environment to protect people, capital
information and the assets from the risk of deliberate harm, damage or loss.

In particular:

· We require all employees to act honestly and in the best interests of the company at all times,
and to ensure that XYZ acts with integrity in its dealings with third parties;

· We will ensure that effective controls and procedures are in place for preventing, detecting
and dealing with fraud;

· We will ensure that all employees are aware of their responsibility to report details
immediately to their line manager (or next most senior person) if they suspect that a fraud has
been committed or see any suspicious acts or events;

· We will ensure that the Controller is advised of any significant fraud or attempted fraud;

· We require management to investigate any allegations or evidence of fraud in consultation

with the relevant Security Adviser and Internal Audit Manager;

· We require employees to assist in investigations by making available all relevant information

and by co-operating in interviews;

· In appropriate cases, and after proper investigation, we will dismiss without notice employees
who are found to be defrauding the company and, where appropriate, press for criminal
prosecution and to seek financial recovery through civil proceedings;

All businesses and subsidiaries shall establish, and audit, procedures to ensure that this Policy is fully
implemented.