Indian Ocean Asset Management seeks to be a good corporate citizen in all aspects of its operations and activities. To this end we have brought together a series of operating principles under the broad heading of Corporate Social Responsibility (CSR) to serve as a guide to employees in all aspects of their work for the company.

The principles cover all areas of the Company's operations and have been developed with reference to the relevant codes of corporate governance and best practice, including the revised Combined Code and international statements and guidelines such as the UN Universal Declaration of Human Rights and the OECD Guidelines for Multinational Enterprises. Taken together, these principles form our CSR policy.

The policy can be divided into six main areas:

1. Ethical Business Conduct
2. Policies Specific to Employees
3. Policies Specific to the Group
4. Fair Employment Practices
5. Workplace Health and Safety
6. Environmental Policy

Indian Ocean Asset Management's Contribution

The Mauritian Deputy Prime Minister announced a new social responsibility tax in 2009. Profitable firms will be required to spend 2% of their profits on corporate social responsibility (CSR) activities approved by the government or to transfer these funds to the government to be used in the fight against poverty.   Indian Ocean Asset Management views this tax as an additional contribution to their current CSR spend.