INDEPENDENCE GROUP NL ANNUAL REPORT 2017

Directors' report 30 June 2017 (continued) Company secretary Ms Joanne McDonald was appointed to the position of Company Secretary on 5 October 2015. Ms McDonald is a qualified Chartered Secretary with over 12 years' experience working for listed companies in Australia and the UK. Ms McDonald was previously Assistant Company Secretary with Paladin Energy Ltd and, during her eight years at Paladin, she also held the role of Company Secretary of Summit Resources Ltd. Ms McDonald is a Fellow of the Governance Institute Australia. Meetings of directors The numbers of meetings of the Company's board of Directors and of each Board Committee held during the year ended 30 June 2017, and the numbers of meetings attended by each Director were: Meetings of committees Full meetings of directors Remuneration Committee Audit Committee Nomination & Governance Committee Sustainability and Risk Committee A B A B A B A B A B Debra Bakker 1 5 5 2 2 2 2 2 2 1 1 Peter Bilbe 10 10 4 4 6 6 4 4 5 5 Peter Bradford 10 10 ** ** ** ** 4 4 5 5 Peter Buck 10 10 4 4 6 6 4 4 5 5 Geoff Clifford 10 10 4 4 6 6 4 4 5 5 Keith Spence 9 10 4 4 5 6 4 4 5 5 Neil Warburton 2 9 10 3 4 3 4 3 4 4 5 A = Number of meetings attended B = Number of meetings held during the time the Director held office or was a member of the committee during the year ** = Not a member of the relevant committee 1. Appointed a Non-executive director on 14 December 2016 2. Ceased to be a member of the Audit Committee on 23 January 2017 Directors interests in shares and share rights of the Company At the date of this report, the interests of the Directors in the shares and share rights of Independence Group NL were as follows: Ordinary fully paid shares Share rights Debra Bakker 5,200 - Peter Bilbe 32,000 - Peter Bradford 800,000 352,391 Peter Buck 22,200 - Geoffrey Clifford 10,000 - Keith Spence 22,125 - Neil Warburton 106,034 - Total 997,559 352,391 Independence Group NL 14 IGO ANNUAL REPORT 2017— 45 DIRECTORS’ REPORT 30 JUNE 2017 (continued)