Securities Trading/ASX Continuous Disclosure Policy

SECURITIES TRADING POLICY

CIC is a public company listed on the Australian Stock Exchange ("ASX"). The ASX is alert to any potential insider trading activities, that is, buying and selling securities by persons while in the possession of confidential information not generally available to the public. Directors and employees are not permitted to trade in the company’s securities during the black-out period, being the periods between the end of half year or financial year and the date of lodgement of the results at the ASX.

Directors and employees who intend to trade in the company’s securities are required to notify the CEO or the Chairman and receive their consent prior to trading. The company requires subsequent confirmation of the trading that has occurred. If the director or employee is in possession of any material non-public price-sensitive information about CIC, that person is prohibited from trading.

The onus is on the directors to notify the Company Secretary of any trading by themselves or an associate, whether directly or indirectly, in CIC securities in order for the Company Secretary to notify the ASX. Where the CEO, Company Secretary or CFO intends to trade in the company’s securities, that person is required to notify and receive consent from the Chairman prior to trading.

DISCLOSURE OF PRICE SENSITIVE INFORMATION

ASX Listing Rule 3.1 requires CIC to immediately disclose to the market any information that is likely to have a material effect on the price or value of CIC securities. All directors, executives and employees are required to notify the CEO in relation to any information that they believe could have a material effect on the price or value of CIC shares.

The CEO, after consultation with the Chairman is then responsible for deciding whether that information falls within the disclosure obligation and then if so, inform the Company Secretary. The Company Secretary is primarily responsible for all communications and lodgements with the ASX. Where announcements are made to the market through the ASX, such announcements are revetted by the CEO to ensure that such statements are:

• factual;
• do not omit material information; and
• are expressed in a clear and objective manner.

All such announcements will be immediately communicated to the Board.