Governance

Global Petroleum Limited Constitution

The Constitution provides for requirements relating to, among other things, shares in the Company, meeting procedures and the appointment and Powers of Directors.

Global Petroleum Limited Board Charter

This Board Charter sets out the role, duties and responsibilities of the Board of Global Petroleum Limited (“Global Petroleum”), as agreed by the Board on 14 October 2004. It is adopted with a view to assisting Directors to understand their role, and the expectations placed on them when accepting or continuing in the role of Director of Global Petroleum.

Global Petroleum Limited Corporate Governance Statement

This document outlines the Corporate Governance Statement which was approved by the Board of Directors in August 2004. Certain parts of the statement were however in place before that date and were part of the general practice of the company through the financial year.

Global Petroleum Limited Continuous Disclosure Policy

Global Petroleum is a company listed on the Australian Stock Exchange and AIM and, as such is subject to, amongst other things the rules relating to continuous disclosure under the ASX and AIM Listing Rules. In this respect, in the interests of investor confidence, the ASX and AIM Listing Rules require listed companies to disclose to the market information which a reasonable person would expect to have a material effect on the price or value of the Company’s securities. This policy aims to ensure that Global Petroleum complies with this obligation.

Global Petroleum Limited Securities Trading Policy

The Securities Trading Policy addresses the requirements of the ASX and AIM Listing Rules which require Global Petroleum to provide a framework to key management personnel and employees when dealing in securities of the Company. This Policy was approved and adopeted by the board on 23 December 2010.