Appointment of New Directors

GULLEWA LIMITED ("COMPANY")
POLICY AND PROCEDURE FOR SELECTION AND APPOINTMENT OF NEW DIRECTORS

When a vacancy exists, through whatever cause, or it is considered that the Board would benefit from the services of a new director with particular skills, the Board (convening as the Nomination Committee) selects a candidate or panel of candidates with the appropriate expertise and experience.  The Board then appoints the most suitable candidate who must stand for election at the next general meeting of shareholders.