BOARD OF NATIONAL GOLF HOLDINGS LTD

The Board is comprised of persons appointed by the shareholders of National Golf Holdings Ltd and the person who is elected captain of The National Golf Club Inc. during their term of office.

Finance and Audit Committee

A committee of the Board, the Finance and Audit Committee reviews the financial reporting and performance of the Company, its system for internal control, and any issues arising from the external audit.

THE NATIONAL GOLF CLUB INC. COMMITTEE

The Committee consists of the captain of The National Golf Club Inc. and, in accordance with the Club rules, all persons that have been elected as a director of National Golf Holdings Ltd.

Membership Sub-Committee

The membership sub-committee sits under the Committee and is responsible for the screening of membership applications, member integration, and code of behaviour.

Match Sub-Committee

The match sub-committee sits under the Committee and is responsible for ensuring a high standard of golfing competition and enjoyment.

Disciplinary Sub-Committee

The disciplinary sub-committee sits under the Committee and is responsible for considering all information relating to any incident involving a member/s which are of a nature where they are deemed to have possibly breached appropriate levels of members behaviour or conduct.

Heritage Sub-Committee

A sub-committee of the General Committee, the heritage sub-committee is responsible for ensuring that the Club’s historical record and archives are appropriately maintained.