CORPORATE GOVERNANCE

The Board of Directors (the “Board”) and Management are committed to good governance policies and practises, designed to support the Board in discharging its responsibilities and to enhance shareholder value. Good governance helps ensure that the Board and Management have clear, common goals that have been communicated to stakeholders and an effective strategy for achieving those goals. Good governance also helps secure the Company’s future, by addressing corporate responsibility and ensuring accountability. The Company reviews its corporate governance policies and practices regularly with a view to enhancing the structure in an ever-evolving corporate governance environment.

KORE currently has six directors and three officers. Three of the directors are independent by TSX rules. The company’s former CEO Adrian Rothwell, current CEO Scott Trebilcock and Executive Chairman James Hynes are not independent.

The Independent Directors have named Harry Pokrandt as Lead Independent Director.

The Board of Directors currently have the following committees:

• Audit Committee – consisting of Robert (Don) MacDonald (Chair), Brendan Cahill and Harry Pokrandt

• Governance & Compensation Committee – consisting of Brendan Cahill (Chair), Harry Pokrandt and Robert (Don) MacDonald