Largo’s board of directors (the “Board”) believes that Largo should conduct its business and affairs with principles of honesty, integrity and ethics. The Board recognizes the importance of corporate governance to the effective management of Largo.

The Board has adopted relevant policies and has formed committees designed to enhance, and assist in, its role in overseeing the business and affairs of Largo as required under applicable laws and stock exchange rules and policies.

The Board will review from time to time existing policies and mandates and recommend such changes as it deems necessary in light of its particular needs and the changing legal and regulatory landscape.

The Board’s committees provide additional oversight and report to the Board from time to time and as required under relevant law.