INDEPENDENCE GROUP NL ANNUAL REPORT 2017

Directors' declaration 30 June 2017 In the Directors' opinion: (a) the financial statements and notes set out on pages 64 to 120 are in accordance with the Corporations Act 2001 , including: (i) complying with Accounting Standards, the Corporations Regulations 2001 and other mandatory professional reporting requirements, and (ii) giving a true and fair view of the consolidated entity's financial position as at 30 June 2017 and of its performance for the year ended on that date, and (b) there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable, and (c) at the date of this declaration, there are reasonable grounds to believe that the members of the extended closed group identified in note 30 will be able to meet any obligations or liabilities to which they are, or may become, subject by virtue of the deed of cross guarantee described in note 30. The Directors have been given the declarations by the Chief Executive Officer and Chief Financial Officer required by section 295A of the Corporations Act 2001 . This declaration is made in accordance with a resolution of Directors. Peter Bradford Managing Director Perth, Western Australia Dated this 29th day of August 2017 Independence Group NL 91 IGO ANNUAL REPORT 2017— 121 DIRECTORS’ DECLARATION 30 JUNE 2017