AACL Holdings Limited’s (Company) Corporate Governance Statement contained in the 2010 Annual Report describes the manner in which the Company complies with the ASX Corporate Governance Council’s Corporate Governance Principles and recommendations.

The Company has adopted comprehensive systems of control and accountability to provide the framework for the administration of corporate governance. This framework is described in the policies and procedures located in section below and from the drop down menu.

Duties and Conduct of the Board

Board Committies

Risk Manangement

Stakeholder Communications Disclosure

Trading in Company Securities