Respectability, trustworthiness, truthfulness, sincerity, freedom from deceit and fraud

Uncompromising adherence to moral and ethical principles

The state of being responsible, liable and answerable

The quality of being clear, honest and understood

The quality of distinction; possessing good qualities in high degree

Introduction of new, creative products, methods and ideas

Immediate family members (spouse, sibling, children) are also affected by the policy and are not allowed to work for, or to have a substantial interest in a customer or supplier without proper disclosure and management approval

It is not acceptable to have a secondary form of earnings that might have a negative impact on the ability of the employee to serve the interests of the group. Should this situation arise, full disclosure and pre-approval from management is required.

Any substantial interest (direct or indirect) in a supplier or customer of the group would constitute an unacceptable conflict of interest and should be avoided or managed properly and adequately disclosed

All directorships and existing, potential or perceived conflicts of interests should be disclosed to management. Based upon full disclosure, a decision will be made on whether this is acceptable – this will be done on a case-by-case basis.

Within the competitive environment of a market economy, the group appreciates the opportunity to compete fairly and responsibly. The group will not attempt to access any confidential competitor information, nor will it engage in any activities that would constitute – or could be perceived as – collusion or price-fixing.

The group adheres to the Financial Markets Act No. 19 of 2012making it illegal for any person to trade in any shares/ securities when in possession of non-public, material information.

All group proprietary information should be protected and may not be disclosed to third parties.

Giving or accepting business courtesies is accepted within a common business environment, provided that such courtesies are not excessive and are not given or received in order to unduly influence a business decision.

Management must maintain a gift register, and all courtesies (offered or received) above a determined value must be recorded.

The group adheres to the Financial Markets Act No. 19 of 2012making it illegal for any person to trade in any shares/ securities when in possession of non-public, material information.

Although limited and occasional private use of group assets is not prohibited, all employees should be aware that such assets should be used, first and foremost, to achieve the group’s objectives.

The infringement of copyright is illegal, and will not be tolerated. In particular, any software that is used on the group’s computer equipment must be properly licensed.

Access to facilities such as email and internet should not be abused. As far as possible, employees should avoid using email for sending or receiving personal messages (especially if they contain large attachments) or junk mail. Sending or receiving chain mail is prohibited. No employee should access or distribute any material that could offend others (e.g. pornographic material or material that may incite racial or other anti-social behaviour).

Any unwanted conduct of a sexual nature is totally unacceptable and will not be tolerated. Any employee who experiences sexual harassment should report this immediately.

The group acknowledges the needs of employees to fulfil responsibilities and commitments other than those to the group, and encourages all employees to maintain a healthy balance between their personal and professional lives.

Management must establish and maintain appropriate health and safety management systems, regularly review and comply with all applicable local health and safety legislation, report incidents, accidents, and fatalities and ensure the relevant health and safety information and training is made available.

Employees must comply with health and safety procedures relevant to their work and be aware of the correct procedures to follow in case of an emergency. Any health and safety hazards or risks identified must be reported.

Bidcorp is committed to improving its practices to ensure that slavery and child labour are not present in our business or supply chain. Slavery and child labour practices will not be condoned in our supply chain and Bidfood will not trade with a supplier nor sell to a customer who practices any form of modern slavery or engages in underage labour practices.

No political contributions (either monetary or in-kind) will be made by the group, unless prior authorisation is obtained from the Board and will be disclosed in the annual integrated report.

Employees who are not part of the investor relations function or a Board member must not communicate with investment communities or the media either on or off the record, without authorisation form one of the aforementioned functions. All enquiries must be directed to the investor relations function. Employees must not provide any information or opinion nor make any forward-looking financial statement or provide inside information.