Board Diversity Policy

Introduction

This Policy is designed to promote and set out the approach to diversity among membership of boards of directors (“Boards”) across the RiverStone International group of companies (the “RiverStone Group”).

This is the Board Diversity Policy which applies to the Boards of all active operating companies across the RiverStone Group. For the purposes of this policy, an “active operating company” shall be defined as the ultimate holding company of the RiverStone Group, all regulated operating subsidiaries and all service companies across the Group. It shall not include internal holding companies forming part of the Group’s funding or holding structures or to dormant entities within the group. If there is any doubt as to whether this policy applies to a company, the mater should be referred to the Group General Counsel or Chief People Officer.

This document is classified as Tier 2 in accordance with the Document Policy.

Policy provisions

Riverstone recognises the benefits of having diverse Boards. As a result, we aspire to maintain Boards on our active operating companies in which a diverse range of skills, knowledge , regional and industry experiences are shared in an environment which values the input of every director. Due regard to this aspiration will therefore be given to this when identifying and selecting candidates for appointment to active operating company Board. In making such appointments we will strive for Boards which reflect diversity in the broadest sense to embrace different perspectives and dynamics without compromising on the caliber of individual directors. All appointments to active operating company Boards will be made on the basis of merit and in the context of the skills and experience the Board as a whole requires to be effective. We believe that such an environment is vital to ensuring we achieve our goals as a business and a broad strategic perspective.

RiverStone will always be mindful of the benefits of diversity and will actively consider diversity when attracting and securing talented individuals to help us deliver our objectives.

The RiverStone Group Nomination and Remuneration Committee (“GNRC”) reviews proposed appointments to all local Boards and Committees in consultation with the local entity Chairs and make recommendations to the RIHL Board for their approval. In doing so the GNRC is required to (i) give due consideration to the required combination of skills, experience, knowledge and diversity of the Board or Committee in order for it to operative effectively in its role, and (ii) ensure recruitment processes assess candidates on merit and against objective criteria, having due regard to diversity. Accordingly, application of this policy supports the GNRC in the proper execution of its duties.

In addition, all applicable Group companies will comply with any specific legal or regulatory guidance in respect of diversity which is applicable in their jurisdiction in question.

Review

This policy will be reviewed and assessed periodically but at least every year by the Group General Counsel and Chief People Officer to ensure that it remains appropriate and Group Legal and HR functions maintain oversight of the overall documentation process.