CODE OF CONDUCT FOR SENIOR MANAGEMENT AND EMPLOYEES

COMPETITION

VIL believes that for business to be successful, competition has to be vigorous,free and fair.

We shall compete through the inherent quality and excellence of our products and services, never through illegal, unethical or unfair business practices.

We respect our competitors’ proprietary information. We also respect our competitors’ rights.

We shall not try to secure an advantage by ridiculing the competition. Whilst our information memoranda should never be misleading in any manner, it should not fail to highlight our competitive strengths.

We shall support the development of laws that promote, encourage or result in fair competition.