General Principles

During the year to 31 December 2010, the Company, as detailed in the Corporate Governance Report and in the Remuneration Report of the 2010 Annual Report and Accounts, complied with the provisions set out in Section 1 of the Combined Code on Corporate Governance (June 2008).

The Company also complies fully with the requirements of the UK Corporate Governance Code (June 2010) which replaces the former Combined Code on Corporate Governance, and which applies to financial years beginning on or after 29 June 2010.