WHY DO WE HAVE A CODE OF CONDUCT? We have established a set of common values which support our present and future business: Safety We are committed to an incident-free workplace, everyday, everywhere. Safety starts with you and me! Integrity We apply the highest ethical standards to everything we do. Innovation We constantly strive to improve efficiency of our business. Performance We always strive for excellence in everything we do. Collaboration We are locally sensitive and globally aware. Our people work together, leveraging our global knowhow and capabilities to build sustainable local business. Our responsibility and accountability Everyone working for Thorco Projects needs to understand this Code of Conduct and is individually responsible for complying with its principles. We must hold ourselves – as well as the people working with us – accountable for following the policies of Thorco Projects as well as the regulations in the countries where we operate. Commercial drivers or any other driver will not cause us to compromise on the way we act and a proactive approach is expected to identify report and address any concern that one may have. It is my expectation as well as the expectation of the other Board Members of Thorco Projects that we all adhere strictly to this Code of Conduct whatever our position is, no matter where we are located and work. The Code of Conduct is designed to support the Thorco Projects Values and guide each of us to live these Values as we work. Thomas Mikkelsen CEO, Thorco Projects A/S WWW.THORCOPROJECTS.COM PAGE 2 OF 9
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