Introduction

Introduction

As an employee of Lotte Chemical Pakistan Ltd.  which is a part of the LOTTE Group of Companies, you are expected to act in accordance with our company’s Values and Business Principles and to comply with company policies, laws and regulations. The company’s Values and Business Principles are an expression of who we are and how we want to be perceived by our stakeholders. The Business Principles laid down in this Code of Conduct are intended to be put into practice by all employees on a daily basis.

 This Code of Conduct, which has been approved by the Board of Directors for implementation, contains an overview of key information, including the Business Principles and directives, which are relevant to all employees. The Code is a statement of who we are and how we work. Whenever we encounter difficult ethical or legal issues, we need to resolve them in line with our Code of Conduct. This Code is a living document and will therefore be updated when so required. As an employee, you will always be notified when an update is made.

 The key sections of this document cover:

• Our Company
• Business Integrity
• Company Responsibilities
• Employee Responsibilities

Furthermore, you should bring to the attention of management any activity, which is in violation of company policy or law. To this end, LCPL has established a Complaints Procedure, which can help you to determine the best way to voice your concerns. We are committed to providing full protection to employees who report a breach or suspected breach of the Code. For absolute clarity, we stress that senior management will not hold employees accountable for any loss of business resulting from compliance with this Code. Please be aware that in the event of a failure to comply with, or any willful breach of our Business Principles and Code of Conduct, the company will consider disciplinary action, up to and including termination of employment. Now that the Business Principles rollout has

been completed, we assume all our employees are already acting in accordance with them. If you have any questions about how to interpret or apply the Code, or any other company policies or directives, please consult your manager.