Reviewed the financial statements in the 2009 Annual Report and Accounts and 2010 Half Year results, and received reports from the external auditors on those statements.

Reviewed the basis for the preparation of the Group’s accounts on a going concern basis.

Reviewed the significant disclosures contained in the financial statements.

Reviewed the effectiveness of the Group’s internal controls based on reports received from management, Internal Audit and the external auditors and reviewed the proposed disclosures for the 2009 Annual Report and Accounts, including the Principal Risks and Uncertainties disclosed in the 2009 Annual Report and Accounts and 2010 Half Year results.

Reviewed the market announcements which accompanied the 2009 Annual Report and Accounts and the 2010 Half Year results.

Agreed the scope of audit work to be undertaken by the Group’s external auditors and the fees to be paid to the auditors for this audit work. Reviewed the non-audit work undertaken by the external auditors during the year and the nonaudit fees paid to the auditors.

Undertook a comprehensive review of the external auditors’ performance.

Received quarterly reports from the Group Chief Internal Auditor on internal audit work undertaken, key findings, management response and the implementation of recommended actions.

Reviewed the terms of reference for Internal Audit and evaluated the performance of the Internal Audit function.

Received annual reports from the Group Tax Director and Group Treasurer.

Reviewed the Committee’s terms of reference.

Received regular updates on developments in accounting and financial reporting matters.