AL-GHAZI TRACTORS

The Board of Directors of Al-Ghazi Tractors Limited ("AGTL") believes that sound corporate governance policies and practices provide an essential foundation to assist the Board in fulfilling its responsibilities. We also believe it is important that our investors and other stakeholders know our corporate governance policies and practices. Accordingly, we have set out our corporate governance practices in this portion of the Annual Report.

Also known as: Al-Ghazi Tractors Limited, AL-GHAZI TRACTORS LTD.

Registration numbers: 0010508 (W)