All Executive and Non-Executive Directors, Company Secretaries and Officers of the Group and subsidiaries will:

1. act with honesty and integrity, including ethically handling actual or apparent conflicts of interest between their personal relationships or financial or commercial interests and their responsibilities to the Recceology Group and subsidiaries;

2. promote full, fair, accurate, timely and understandable disclosure in all reports and documents that Recceology files with any governmental, regulatory or professional body;

3. comply with all laws, rules and regulations applicable and to its relationship with any shareholders;

4. report known or suspected violations of this code of ethics promptly to the Company Secretary or majority shareholder; and

5. ensure that their actions comply not only with the letter but the spirit of this code of ethics and foster a culture in which the company operates in compliance with the law and company policies.

Furthermore, the Recceology Group of Companies will:

1. act with honesty and integrity in dealings with clients;

2. endeavour to use opportunities to promote archaeology and the wider understanding of it wherever and howsoever they may reasonably arise; and

3. seek to publish works of academic interest when the original commissioning client has agreed and when it is not seen as a threat to archaeological remains or to the continuing commercial interest of the Group or any part thereof..

The Recceology Group will take appropriate disciplinary action against any such Officer, Company Secretary or Director who acts in contravention of these principles.