Sarine Technologies Ltd.
BOARD DIVERSITY POLICY____________________________________________________________________
1. Introduction
Sarine Technologies Ltd.’s Board of Directors believes that:
1.1

Embracing inclusive business practices is crucial for our success, promotes innovation,

strengthens relationships within our supply chain, enhances our customers' trust in us andfosters an optimal work environment for our employees.
1.2

A Board of Directors that is composed of members with wide-ranging skills,

professional and industrial backgrounds, age, gender, ethnicity and diversity of perspectives
has a robust understanding of opportunities, issues, and risks, resulting in an enricheddecision-making process and dialogue, for the benefit of Sarine and our stakeholders.
1.3

The implication of an organizational culture of diversity and inclusion in the seniorleadership roles is vital for promoting Sarine's values.
2. Purpose and Scope
2.1

The purpose of this Board Diversity Policy (“Policy”) is to promote diversity andinclusion among the members of Sarine’s Board of Directors, resulting in optimal decisionmaking and strategy development to be of benefit to Sarine and its shareholders.
2.2

Embracing inclusive business practices is one of the core values of Sarine. This Policy

applies to the Board of Directors only. However, it is consistent with Sarine's commitment
to promoting diversity at all levels of management and employment.
3. Commitments
3.1

Sarine is committed to promoting diversity and inclusiveness within the Board ofDirectors and ensuring that the Board reflects the communities it serves.

4. Board Composition
4.1

To achieve Sarine’s diversity aspirations, the Board of Directors should:a) Be comprised of directors having an appropriate balance of expertise andexperience in areas related to the operations of the Group. Specifically, theNominating Committee of the Board, in its meeting of 5 January 2020, opined that
if the Board is comprised of 7 directors, preferably three should be from thediamond industry, optimally from the various segments thereof - upstream
production (mining), midstream (polishing and wholesale trade), and downstream(retail trade), preferably two should have a relevant technological background, atleast one should have accounting / financial review and reporting expertise and at
least one should embody corporate governance expertise. If 9 directors, anadditional one from the diamond industry and an additional one with a relevant
technological background would be best added.
b) The majority of the Board should be comprised of independent directors.
c) The Board should be gender, age, and ethnic diversified.
d) The Board should set measurable objectives to achieve gender and age diversity
with the ultimate goal of having a composition of the Board where each gender
represents at least thirty percent (30 %), and members of the Board should be fromdiversified age groups.

5. Nomination and Recruitment
5.1

The Nominating Committee actively seeks and considers individuals from diverse

backgrounds when making appointments to the Board of Directors. The Nominating
Committee’s appointments are based on merit, in the context of knowledge, experience,skills, and independence.
5.2

The Nominating Committee factors the benefits of all aspects of diversity, including

diversity of skills, experience, background, gender, age, ethnicity, and other relevantcharacteristics.

6. Diversity and Inclusion Training
6.1

Sarine will provide training to raise awareness of diversity and inclusiveness andpromote a culture of respect and understanding within the Board of Directors.
7. Monitoring and Reporting
7.1

The Board of Directors shall monitor and review annually the effectiveness of thisPolicy, in the Corporate Governance section of Sarine’s annual report.
7.2

Any modifications to this Policy shall be approved by the Board of Directors.

8. Disclosure
8.1

This Policy is published on Sarine’s website for public knowledge.

Approved by the Sarine Technologies Board of Directors on November 19, 2023.