MANAGEMENT POLICIES

COMPANY

QUALITY POLICY

Matong Energy Limited fundamental policy is set out to position her as one the leading companies in Nigeria through healthy competition and continuous innovation, with the aim of securing quality competitive advantage based on technology and strive for continuous improvement on total quality management by allowing employee participation.

Matong Energy Limited establishes and controls measurable Quality Objectives to achieve a Quality Policy, and establish the Quality Management System on a series of processes; planning, feasibility-study, engineering, purchasing, construction, supervising, delivering and servicing. In addition, the General Manager of Technical & Project Control Division, who is entitled to operate the quality management system, is nominated as management representative so that the system can work smoothly and steadily.All the management and employees should ensure the satisfaction and confidence of customers through complying with the quality management system, and improving the effectiveness of quality management system continuously.

SECURITY POLICY

Matong Energy Limited recognizes security and safety of all assets, facilities, premises and the life of personnel under its control as top priority in all her operations. Matong Energy Limited commits as far as reasonably practicable, security measures to protect and avoid conflicts of any sort, through efficient access restriction of unwanted elements, operation of security guards and forces, advanced security assessment and analysis, and communication of security threats to its employees. To fulfill this commitment, Matong Energy Limited shall establish and maintain security plan in all her operations and provide appropriate training, communication and commendation of employees to familiarize themselves with the provisions of the security plan.

Integral to this enhancement are the ideas and inputs of employees who shall be encouraged to actively contribute to the improvement of security and safe working environment.

The security operation of Matong Energy Limited shall be carried out within the limits of the law and security requirements of agencies and various tiers of the Federal Government of Nigeria to enhance the company’s goodwill and image in the larger society.

COMMUNITY RELATIONS POLICY

Matong Energy Limited, as a corporate entity shall continue to maintain mutual relationship with its host communities by:

Contributing to the overall social development of the host communities

Putting in place a sustainable community Development / Relations / Programs

Ensuring positive impact on its working environment and host communities

Improving the quality of human resources and physical development of areas of operation

Fostering good neighbourliness and harmonious relations with host communities

TRANSPORT POLICY

Transportation of personnel, equipment and materials, especially by land and marine, is important to Matong Energy Limited’s operations. Matong Energy Limited recognizes that transport operations have associated hazards which have to be adequately managed and controlled in order to achieve safe and efficient transportation. Consequently, Matong Energy Limited is committed to the following;

All equipment used for land, marine transport and materials handling shall always be maintained at a level that assures reliable service and high degree of safety

All land, marine transport and material handling equipment are to be registered and inspected prior to use for Matong Energy Limited business in compliance with statutory and contractual obligations

Only authorized personnel shall be allowed to operate these equipment and in accordance with Matong Energy Limited standard

Operators are to be made aware of the hazards associated with the operation of these equipment and various approaches including journey management shall be in place for the control of the hazards

NIGERIAN CONTENT POLICY

Matong Energy Limited shall, in line with the Federal Government of Nigeria’s vision to build Nigerian capacity and capability, contribute by maximizing procurement from Nigerian source of services, manpower, materials, and equipment required for its successful operations. Matong Energy Limited shall endeavor to maximize the participation of Nigerians/Nigerian companies and utilization of Nigerian Materials/Resources during its operation at the same time ensuring achievement of set targets without compromising the intent of achieving the overall best value for its operations in terms of price, quality, efficiency, delivery and HSE. Nigerian Content Policy of Matong Energy Limited shall include the following elements;

Construction activities to be performed by Nigerian contractors

Fabrication or assembly to be maximized in Nigeria

Engineering designs to be domiciled in Nigeria

Project Management and Procurement centers to be domiciled in Nigeria

Nigeria staff and labor for work to be performed in Nigeria

Supply services of equipment and material to be performed by Nigerian suppliers shall be maximized

Duties, taxes, fees and surcharges