ROCKLANDS RICHFIELD 2007 CORPORATE GOVERNANCE STATEMENT

The Directors acknowledge the importance of sound corporate governance. Rocklands Richfield Limited is committed to achieving best practice in corporate governance and aligns its corporate governance with the ASX Corporate Governance Council's Principles of Good Corporate Governance and Best Practice Recommendations.

The Board embraces and takes measures, so far as is practicable having regard to the size and nature of the various companies making up the group, to comply with the ASX Principles of Good Corporate Governance,. The Board is committed to the establishment and maintenance of appropriate ethical standards.

Corporate governance focuses management and performance on protecting shareholder interests, enhancing long-term shareholder wealth, and fulfilling obligations to all stakeholders.