Fellow shareholders, Credit Corporation colleagues, ladies and gentlemen, good afternoon and welcome to the Company’s 2018 AGM. My name is Syd Yates,and it was my pleasure and a privilege to be appointed Chairman of Credit Corporation PNG in November 2018 and to have this first opportunity to provide an overview of the many positive developments which have occurred within the Group over the past year at this year’s AGM

PORT MORESBY STOCK EXCHANGE ANNOUNCEMENT 2019 AGM RESULT

Credit Corporation (PNG) Limited advises that each of the resolution items were put to the shareholders at its Annual General Meeting held on the 27thof June 2019and all of the resolutions were passed by a show of hands.Ordinary Business:All resolutions were carried by a show of hands.

The Credit Corporation Board has today advised that its current deliberations regarding an in-specie distribution of BSP shares to shareholders did not guarantee such a distribution would be implemented.Credit Corporation Chairman Syd Yates said while the AGM resolution from Teachers Savings and Loan Society Limited (TISA) in relation to considering the possibility of an in-specie distribution of BSP shares was carried by shareholders, it was a non-binding resolution and only relates to certain preliminary investigations to determine if it is possible to effect such a distribution.