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Corporate Governance

Practicing Good Governance at Phoenix Beverages Group

Good Governance Principles

The Board of Phoenix Beverages Group is committed to maintaining the highest standards of responsible conduct and best practices in accordance with the Mauritius Code of Corporate Governance.

Aligned with this commitment, we foster a culture that prioritises exemplary ethics, personal integrity, and corporate responsibility. Our policy requires directors, employees, shareholders, officers, and all stakeholders to uphold the highest ethical standards.

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Audit and Risk Committee Charter

Corporate Governance Committee Charter

Code of Ethics

Certificate of Incorporation
on Change of Name

Amendment to Constitution

COMPLIANCE

Phoenix Beverages Limited (“Phoenix Beverages Group” or the “Company”), established on 9 September 1960, is a public interest entity as defined under the Financial Reporting Act 2004 and is listed on the Official Market of the Stock Exchange of Mauritius Ltd. The Corporate Governance Report outlines how the Group has implemented the principles of the National Code of Corporate Governance for Mauritius (2016) (the “Code”).

The Board of Directors remains fully committed to integrating sound governance principles into all aspects of Phoenix Beverages Group's operations, ensuring they are reflected throughout the organisation. For the financial year ended 30 June 2021, the Board confirms, to the best of its knowledge, that Phoenix Beverages Group has complied with the Code, fully applying all its principles.

CASCADE HOLDING STRUCTURE
Phoenix Beverages Limited is listed on the Official Market of the Stock Exchange of Mauritius Ltd. As of 30 June 2021, the Company's share register recorded a total of 2,151 shareholders. The Company's stated capital comprises 16,447,000 ordinary shares, each with a nominal value of Rs10.00.
The shareholding structure is outlined as follows:
*IBL Ltd is the ultimate holding company of Phoenix Beverages Limited

Audit & Risk

Risk is an integral component of value creation. Through proactive and timely risk management, we aim to mitigate risks to acceptable levels while optimising opportunities for growth. The Board of Directors holds ultimate accountability for ensuring that risks are managed within the defined risk appetite and for evaluating the effectiveness of risk management practices and internal controls.

Our risk management approach is an ongoing process designed to identify, analyse, and address opportunities and threats affecting both short-term performance and long-term value creation.

Risks are classified into two categories: external and internal. External risks, beyond our control, include macroeconomic factors and market conditions. Internal risks, within our control, pertain to operational aspects such as procedural inefficiencies, mechanical failures in production, and non-compliance with applicable laws and regulations.

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