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COMPLIANCE REPORT

Blue Label has created a compliance function to assist in discharging legal and regulatory responsibilities. It is planned to mature the function to monitor, research and report on the regulatory environment in which the Group operates. The compliance function reports to the ARCC.

The process of compliance reporting will encompass:

	identifying and prioritising all acts and regulations at a national level applicable to Blue Label;
	incorporating regulatory requirements into control measures such as standard operating procedures or processes, manuals or policies;
	recommending corrective measures or steps to ensure compliance; and
	monitoring compliance through the adequacy and effectiveness of control measures, which includes the use of best industry practice software compliance tools to actively monitor and manage business units’ compliance against regulations on a continual basis. This software tool permits the executive and Board to measure compliance and to identify any weaknesses that require redress.

There have been no material instances of non-compliance by the Group or its directors during the past financial year.