Global Investment Holdings code of ethics is a set of essential rules that have been formulated to govern company-wide relationships, the relationships between the Company and its employees, and the relationships of all employees and the Company with customers, suppliers, and other stakeholders; to achieve the most effective use of resources; and to prevent unfair competition.

With respect to laws and regulations, Global Investment Holdings:

• Achieves maximum compliance with all national laws, international rules, and company regulations.
• Ensures that all of the Company’s reports, financial statements, and bookkeeping entries comply with national and international accounting principles.
• Complies unconditionally with laws, regulations, and norms in its dealings with investors and shareholders.

With respect to personnel, Global Investment Holdings:

• Provides employees with safe, healthy, and suitable conditions in which to work.
• Treats employees fairly and equitably in issues related to training, career progression, hiring, and promotion.
• Takes pains to employ a suitable number of people at each task; plans and carries out its activities mindful of normal working hours; ensures that every employee is aware of the importance of making use of his annual leave time and does so regularly.
• Is scrupulous about fulfilling employees’ rights under the law completely and in a timely manner.

With respect to corporate governance principles, Global Investment Holdings:

• Keeps personnel informed on corporate governance principles, ensures that these principles are understood and accepted throughout the Company, and is watchful of full compliance with them.
• Makes sure that all publicly disclosed information is intelligible, truthful, clear, timely, and complete.

With respect to the sector and competitors, Global Investment Holdings:

• Acts meticulously on issues concerned with the growth and development of the sector, looking after common interests, and ensuring continued public confidence in the sector.
• Is mindful of the rules of fair competition in its dealings with competitors in the sector.

Conflict of Interest:

Employees, officers and directors are prohibited from (a) taking for themselves personally opportunities that are properly within the scope of Global Investment Holding's activities, (b) using corporate property, information or position for personal gain, and (c) competing with Global Investment Holding.

A "conflict of interest" exists when a person's private interest interferes in any way, or even appears to interfere, with the interests of Global Investment Holding. A conflict situation can arise when an employee, officer or director takes actions or has interests that may make it difficult to perform his or her work for Global Investment Holding objectively and effectively. Conflicts of interest also arise when an employee, officer or director, or a member of his or her family, receives improper personal benefits as result of his or her position in Global Investment Holding.

Conflicts of interest are prohibited as a matter of Global Invsetment Holding policy. Each employee, officer or director is expected to avoid any outside activity, financial interest or relationship that may present a possible conflict of interest or appearance of a conflict.

Global Investment Holding employees, officers and directors may give presents to or receive presents from, persons, institutions and corporations with whom they have business relations only in compliance within the internally defined rules.

Principles for Public Disclosure;

All communications with investors, financial analysts, press and similar bodies shall be performed in accordance with the " Global Investment Holding Disclosure Policy".

No employee other than those specifically authorized to perform this duty can make oral or written announcements on behalf of Global Investment Holding.

The Board of Directors of Global Investment Holding declares that:

• Will 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 Global Investment Holding;
• Make full, fair, accurate, timely and understandable disclosure in all reports and documents that the Global Investment Holding files with, or submits to, the Global Investment Holding's capital markets regulators or otherwise makes public;
• Comply with all governmental laws, rules and regulations applicable to Global Investment Holding and to its relationship with its shareholders;
• Ensure that their actions comply not only with the letter but the spirit of this code and foster a culture in which compliance with the law and Global Investment Holding's policies is at the core of Global Investment Holding's activities.