Fortescue Metals : FY20 Appendix 4G

Rules 4.7.3 and 4.10.3

Appendix 4G

Key to Disclosures

Corporate Governance Council Principles and Recommendations

Name of entity

Fortescue Metals Group Ltd

ABN/ARBN		Financial year ended:
57 002 594 872		30 June 2020

Our corporate governance statement1 for the period above can be found at:2

• These pages of our annual report:

✓	This URL on our	www.fmgl.com.au/about-fortescue/corporate-governance
	website:

The Corporate Governance Statement is accurate and up to date as at 24 August 2020 and has been approved by the board.

The annexure includes a key to where our corporate governance disclosures can be located.3

Date:	24 August 2020
Name of authorised officer	Cameron Wilson, Company Secretary
authorising lodgement:

1 "Corporate governance statement" is defined in Listing Rule 19.12 to mean the statement referred to in Listing Rule 4.10.3 which discloses the extent to which an entity has followed the recommendations set by the ASX Corporate Governance Council during a particular reporting period.

Listing Rule 4.10.3 requires an entity that is included in the official list as an ASX Listing to include in its annual report either a corporate governance statement that meets the requirements of that rule or the URL of the page on its website where such a statement is located. The corporate governance statement must disclose the extent to which the entity has followed the recommendations set by the ASX Corporate Governance Council during the reporting period. If the entity has not followed a recommendation for any part of the reporting period, its corporate governance statement must separately identify that recommendation and the period during which it was not followed and state its reasons for not following the recommendation and what (if any) alternative governance practices it adopted in lieu of the recommendation during that period.

Under Listing Rule 4.7.4, if an entity chooses to include its corporate governance statement on its website rather than in its annual report, it must lodge a copy of the corporate governance statement with ASX at the same time as it lodges its annual report with ASX. The corporate governance statement must be current as at the effective date specified in that statement for the purposes of Listing Rule 4.10.3.

Under Listing Rule 4.7.3, an entity must also lodge with ASX a completed Appendix 4G at the same time as it lodges its annual report with ASX. The Appendix 4G serves a dual purpose. It acts as a key designed to assist readers to locate the governance disclosures made by a listed entity under Listing Rule 4.10.3 and under the ASX Corporate Governance Council's recommendations. It also acts as a verification tool for listed entities to confirm that they have met the disclosure requirements of Listing Rule 4.10.3.

The Appendix 4G is not a substitute for, and is not to be confused with, the entity's corporate governance statement. They serve different purposes and an entity must produce each of them separately.

1. Tick whichever option is correct and then complete the page number(s) of the annual report, or the URL of the web page, where your corporate governance statement can be found. You can, if you wish, delete the option which is not applicable.
2. Throughout this form, where you are given two or more options to select, you can, if you wish, delete any option which is not applicable and just retain the option that is applicable. If you select an option that includes "OR" at the end of the selection and you delete the other options, you can also, if you wish, delete the "OR" at the end of the selection.

See notes 4 and 5 below for further instructions on how to complete this form.

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 1

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

ANNEXURE - KEY TO CORPORATE GOVERNANCE DISCLOSURES

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
PRINCIPLE 1 - LAY SOLID FOUNDATIONS FOR MANAGEMENT AND OVERSIGHT
1.1	A listed entity should have and disclose a board charter setting	✓	☐ set out in our Corporate Governance Statement OR
	out:	2.1 Roles and responsibilities	☐ we are an externally managed entity and this recommendation
	(a) the respective roles and responsibilities of its board and
	and we have disclosed a copy of our board charter at:
	management; and	is therefore not applicable
	(b) those matters expressly reserved to the board and those	www.fmgl.com.au/about-fortescue/corporate-governance
	delegated to management.
1.2	A listed entity should:	✓	☐ set out in our Corporate Governance Statement OR
	(a) undertake appropriate checks before appointing a director or	2.6 Appointment, induction and continuing education of Directors	☐ we are an externally managed entity and this recommendation
	senior executive or putting someone forward for election as
	6. Security holders
	a director; and	is therefore not applicable
	(b) provide security holders with all material information in its
	possession relevant to a decision on whether or not to elect
	or re-elect a director.
1.3	A listed entity should have a written agreement with each director	✓	☐ set out in our Corporate Governance Statement OR
	and senior executive setting out the terms of their appointment.	2.6 Appointment, induction and continuing education of Directors	☐ we are an externally managed entity and this recommendation
			is therefore not applicable
1.4	The company secretary of a listed entity should be accountable	✓	☐ set out in our Corporate Governance Statement OR
	directly to the board, through the chair, on all matters to do with	2.15 Company Secretary	☐ we are an externally managed entity and this recommendation
	the proper functioning of the board.
			is therefore not applicable

1. Tick the box in this column only if you have followed the relevant recommendation in fullfor the wholeof the period above. Where the recommendation has a disclosure obligation attached, you must insert the location where that disclosure has been made, where indicated by the line with "insert location" underneath. If the disclosure in question has been made in your corporate governance statement, you need only insert "our corporate governance statement". If the disclosure has been made in your annual report, you should insert the page number(s) of your annual report (eg "pages 10-12 of our annual report"). If the disclosure has been made on your website, you should insert the URL of the web page where the disclosure has been made or can be accessed (eg "www.entityname.com.au/corporate governance/charters/").
2. If you have followed all of the Council's recommendations in fullfor the wholeof the period above, you can, if you wish, delete this column from the form and re-format it.

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 2

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
1.5	A listed entity should:	✓	☐ set out in our Corporate Governance Statement OR
	(a) have and disclose a diversity policy;	2.5 Diversity	☐ we are an externally managed entity and this recommendation
	(b) through its board or a committee of the board set
	and we have disclosed a copy of our diversity policy at:	is therefore not applicable
	measurable objectives for achieving gender diversity in the
	www.fmgl.com.au/about-fortescue/corporate-governance
	composition of its board, senior executives and workforce
	generally; and	and we have disclosed the information referred to in paragraph (c)
	(c) disclose in relation to each reporting period:	at:
	(1) the measurable objectives set for that period to	2.2 Board composition
	achieve gender diversity;	FY20 Sustainability Report (Section 3: Our approach to
	(2) the entity's progress towards achieving those	Sustainability)
	objectives; and	and if we were included in the S&P / ASX 300 Index at the
	(3) either:	commencement of the reporting period our measurable objective for
	achieving gender diversity in the composition of its board of not less
	(A) the respective proportions of men and women
	than 30% of its directors of each gender within a specified period.
	on the board, in senior executive positions and
	across the whole workforce (including how the
	entity has defined "senior executive" for these
	purposes); or
	(B) if the entity is a "relevant employer" under the
	Workplace Gender Equality Act, the entity's
	most recent "Gender Equality Indicators", as
	defined in and published under that Act.
	If the entity was in the S&P / ASX 300 Index at the
	commencement of the reporting period, the measurable objective
	for achieving gender diversity in the composition of its board
	should be to have not less than 30% of its directors of each
	gender within a specified period.
1.6	A listed entity should:	✓	☐ set out in our Corporate Governance Statement OR
	(a) have and disclose a process for periodically evaluating the	and we have disclosed the evaluation process referred to in	☐ we are an externally managed entity and this recommendation
	performance of the board, its committees and individual
	paragraph (a) at:
	directors; and	is therefore not applicable
	2.10 Evaluating Board and Committee performance
	(b) disclose for each reporting period whether a performance
	and whether a performance evaluation was undertaken for the
	evaluation has been undertaken in accordance with that
	reporting period in accordance with that process at:
	process during or in respect of that period.
		2.10 Evaluating Board and Committee performance

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 3

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
1.7	A listed entity should:	✓	☐ set out in our Corporate Governance Statement OR
	(a) have and disclose a process for evaluating the performance	and we have disclosed the evaluation process referred to in	☐ we are an externally managed entity and this recommendation
	of its senior executives at least once every reporting period;
	paragraph (a) at:
	and	is therefore not applicable
	2.11 Remuneration and executive performance
	(b) disclose for each reporting period whether a performance
	3.2 Management
	evaluation has been undertaken in accordance with that
	process during or in respect of that period.	and whether a performance evaluation was undertaken for the
		reporting period in accordance with that process at:
		2.11 Remuneration and executive performance
		3.2 Management

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 4

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
PRINCIPLE 2 - STRUCTURE THE BOARD TO BE EFFECTIVE AND ADD VALUE
2.1	The board of a listed entity should:	✓	☐ set out in our Corporate Governance Statement OR
	(a) have a nomination committee which:	and we have disclosed a copy of the charter of the committee at:	☐ we are an externally managed entity and this recommendation
	(1) has at least three members, a majority of whom are
	www.fmgl.com.au/about-fortescue/corporate-governance	is therefore not applicable
	independent directors; and
	and the information referred to in paragraphs (4) and (5) at:
	(2) is chaired by an independent director,
	3.1 Board Committees
	and disclose:
	2.3 Meeting attendance
	(3) the charter of the committee;
	(4) the members of the committee; and
	(5) as at the end of each reporting period, the number
	of times the committee met throughout the period
	and the individual attendances of the members at
	those meetings; or
	(b) if it does not have a nomination committee, disclose that
	fact and the processes it employs to address board
	succession issues and to ensure that the board has the
	appropriate balance of skills, knowledge, experience,
	independence and diversity to enable it to discharge its
	duties and responsibilities effectively.
2.2	A listed entity should have and disclose a board skills matrix	✓	☐ set out in our Corporate Governance Statement OR
	setting out the mix of skills that the board currently has or is	and we have disclosed our board skills matrix at:	☐ we are an externally managed entity and this recommendation
	looking to achieve in its membership.
		2.4 Board skills matrix	is therefore not applicable
2.3	A listed entity should disclose:	✓	☐ set out in our Corporate Governance Statement
	(a) the names of the directors considered by the board to be	and we have disclosed the names of the directors considered by the
	independent directors;
	board to be independent directors at:
	(b) if a director has an interest, position, affiliation or
	2.9 Independence
	relationship of the type described in Box 2.3 but the board
	and, where applicable, the information referred to in paragraph (b)
	is of the opinion that it does not compromise the
	at:
	independence of the director, the nature of the interest,
	position or relationship in question and an explanation of	2.9 Independence
	why the board is of that opinion; and	and the length of service of each director at:
	(c) the length of service of each director.	2.2 Board composition

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 5

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
2.4	A majority of the board of a listed entity should be independent	✓	☐ set out in our Corporate Governance Statement OR
	directors.	2.9 Independence	☐ we are an externally managed entity and this recommendation
			is therefore not applicable
2.5	The chair of the board of a listed entity should be an	☐	✓ set out in our Corporate Governance Statement OR
	independent director and, in particular, should not be the same	2.7 Chairman
	person as the CEO of the entity.
		2.9 Independence
			☐ we are an externally managed entity and this recommendation
			is therefore not applicable
2.6	A listed entity should have a program for inducting new	✓	☐ set out in our Corporate Governance Statement OR
	directors and for periodically reviewing whether there is a need	2.6 Appointment, induction and continuing education of Directors	☐ we are an externally managed entity and this recommendation
	for existing directors to undertake professional development to
	maintain the skills and knowledge needed to perform their role		is therefore not applicable
	as directors effectively.
PRINCIPLE 3 - INSTIL A CULTURE OF ACTING LAWFULLY, ETHICALLY AND RESPONSIBLY
3.1	A listed entity should articulate and disclose its values.	✓	☐ set out in our Corporate Governance Statement
		and we have disclosed our values at:
		4.1 Corporate culture and Values
		4.2 Policies and procedures
3.2	A listed entity should:	✓	☐ set out in our Corporate Governance Statement
	(a) have and disclose a code of conduct for its directors,	7.1 Code of Conduct and Integrity
	senior executives and employees; and
	and we have disclosed our code of conduct at:
	(b) ensure that the board or a committee of the board is
	www.fmgl.com.au/about-fortescue/corporate-governance
	informed of any material breaches of that code.
3.3	A listed entity should:	✓	☐ set out in our Corporate Governance Statement
	(a) have and disclose a whistleblower policy; and	7.2 Whistleblower system
	(b) ensure that the board or a committee of the board is
	and we have disclosed our whistleblower policy at:
	informed of any material incidents reported under that
	www.fmgl.com.au/about-fortescue/corporate-governance
	policy.

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 6

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
3.4	A listed entity should:	✓	☐ set out in our Corporate Governance Statement
	(a) have and disclose an anti-bribery and corruption policy;	7.3 Anti-bribery and Corruption
	and
	and we have disclosed our anti-bribery and corruption policy at:
	(b) ensure that the board or committee of the board is
	www.fmgl.com.au/about-fortescue/corporate-governance
	informed of any material breaches of that policy.

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 7

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
PRINCIPLE 4 - SAFEGUARD THE INTEGRITY OF CORPORATE REPORTS
4.1	The board of a listed entity should:	✓	☐ set out in our Corporate Governance Statement
	(a) have an audit committee which:	and we have disclosed a copy of the charter of the committee at:
	(1) has at least three members, all of whom are non-
	www.fmgl.com.au/about-fortescue/corporate-governance
	executive directors and a majority of whom are
	and the information referred to in paragraphs (4) and (5) at:
	independent directors; and
	(2) is chaired by an independent director, who is not	2.4 Board skills matrix
	the chair of the board,	2.3 Meeting attendance
	and disclose:
	(3) the charter of the committee;
	(4) the relevant qualifications and experience of the
	members of the committee; and
	(5) in relation to each reporting period, the number of
	times the committee met throughout the period and
	the individual attendances of the members at those
	meetings; or
	(b) if it does not have an audit committee, disclose that fact
	and the processes it employs that independently verify
	and safeguard the integrity of its corporate reporting,
	including the processes for the appointment and removal
	of the external auditor and the rotation of the audit
	engagement partner.
4.2	The board of a listed entity should, before it approves the	✓	☐ set out in our Corporate Governance Statement
	entity's financial statements for a financial period, receive from	4.6 Annual Executive Certifications
	its CEO and CFO a declaration that, in their opinion, the
	financial records of the entity have been properly maintained
	and that the financial statements comply with the appropriate
	accounting standards and give a true and fair view of the
	financial position and performance of the entity and that the
	opinion has been formed on the basis of a sound system of risk
	management and internal control which is operating effectively.
4.3	A listed entity should disclose its process to verify the integrity	✓	☐ set out in our Corporate Governance Statement
	of any periodic corporate report it releases to the market that is	8. Market disclosures
	not audited or reviewed by an external auditor.

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 8

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
PRINCIPLE 5 - MAKE TIMELY AND BALANCED DISCLOSURE
5.1	A listed entity should have and disclose a written policy for	✓	☐ set out in our Corporate Governance Statement
	complying with its continuous disclosure obligations under	and we have disclosed our continuous disclosure compliance policy
	listing rule 3.1.
	at:
		www.fmgl.com.au/about-fortescue/corporate-governance
5.2	A listed entity should ensure that its board receives copies of all	✓	☐ set out in our Corporate Governance Statement
	material market announcements promptly after they have been	Continuous Disclosure and Market Communications Policy
	made.
	(www.fmgl.com.au/about-fortescue/corporate-governance)
5.3	A listed entity that gives a new and substantive investor or	✓	☐ set out in our Corporate Governance Statement
	analyst presentation should release a copy of the presentation	6. Security holders
	materials on the ASX Market Announcements Platform ahead
	of the presentation.	Continuous Disclosure and Market Communications Policy
		(www.fmgl.com.au/about-fortescue/corporate-governance)
PRINCIPLE 6 - RESPECT THE RIGHTS OF SECURITY HOLDERS
6.1	A listed entity should provide information about itself and its	✓	☐ set out in our Corporate Governance Statement
	governance to investors via its website.	and we have disclosed information about us and our governance on
		our website at:
		www.fmgl.com.au/about-fortescue/who-we-are
6.2	A listed entity should have an investor relations program that	✓	☐ set out in our Corporate Governance Statement
	facilitates effective two-way communication with investors.	6. Security holders
6.3	A listed entity should disclose how it facilitates and encourages	✓	☐ set out in our Corporate Governance Statement
	participation at meetings of security holders.	and we have disclosed how we facilitate and encourage participation
		at meetings of security holders at:
		6. Security holders
6.4	A listed entity should ensure that all substantive resolutions at a	✓	☐ set out in our Corporate Governance Statement
	meeting of security holders are decided by a poll rather than by	6. Security holders
	a show of hands.
6.5	A listed entity should give security holders the option to receive	✓	☐ set out in our Corporate Governance Statement
	communications from, and send communications to, the entity	www.fmgl.com.au/investors/investor-faq
	and its security registry electronically.

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 9

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
PRINCIPLE 7 - RECOGNISE AND MANAGE RISK
7.1	The board of a listed entity should:	✓	☐ set out in our Corporate Governance Statement
	(a) have a committee or committees to oversee risk, each of	and we have disclosed a copy of the charter of the committee at:
	which:
	www.fmgl.com.au/about-fortescue/corporate-governance
	(1) has at least three members, a majority of whom are
	and the information referred to in paragraphs (4) and (5) at:
	independent directors; and
	(2) is chaired by an independent director,	3.1 Board Committees
	and disclose:	2.3 Meeting attendance
	(3) the charter of the committee;
	(4) the members of the committee; and
	(5) as at the end of each reporting period, the number
	of times the committee met throughout the period
	and the individual attendances of the members at
	those meetings; or
	(b) if it does not have a risk committee or committees that
	satisfy (a) above, disclose that fact and the processes it
	employs for overseeing the entity's risk management
	framework.
7.2	The board or a committee of the board should:	✓	☐ set out in our Corporate Governance Statement
	(a) review the entity's risk management framework at least	and we have disclosed whether a review of the entity's risk
	annually to satisfy itself that it continues to be sound and
	management framework was undertaken during the reporting period
	that the entity is operating with due regard to the risk
	at:
	appetite set by the board; and
	4.4 Fortescue Risk Management Framework
	(b) disclose, in relation to each reporting period, whether
	such a review has taken place.
7.3	A listed entity should disclose:	✓	☐ set out in our Corporate Governance Statement
	(a) if it has an internal audit function, how the function is	and we have disclosed how our internal audit function is structured
	structured and what role it performs; or
	and what role it performs at:
	(b) if it does not have an internal audit function, that fact and
	5.1 Internal audit
	the processes it employs for evaluating and continually
	improving the effectiveness of its governance, risk
	management and internal control processes.

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 10

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
7.4	A listed entity should disclose whether it has any material	✓	☐ set out in our Corporate Governance Statement
	exposure to environmental or social risks and, if it does, how it	and we have disclosed whether we have any material exposure to
	manages or intends to manage those risks.
	environmental and social risks at:
		4.5 Material risk exposures
		and, if we do, how we manage or intend to manage those risks at:
		4.5 Material risk exposures

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 11

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
PRINCIPLE 8 - REMUNERATE FAIRLY AND RESPONSIBLY
8.1	The board of a listed entity should:	✓	☐ set out in our Corporate Governance Statement OR
	(a) have a remuneration committee which:	and we have disclosed a copy of the charter of the committee at:	☐ we are an externally managed entity and this recommendation
	(1) has at least three members, a majority of whom are
	www.fmgl.com.au/about-fortescue/corporate-governance	is therefore not applicable
	independent directors; and
	and the information referred to in paragraphs (4) and (5) at:
	(2) is chaired by an independent director,
	3.1 Board Committees
	and disclose:
	2.3 Meeting attendance
	(3) the charter of the committee;
	(4) the members of the committee; and
	(5) as at the end of each reporting period, the number
	of times the committee met throughout the period
	and the individual attendances of the members at
	those meetings; or
	(b) if it does not have a remuneration committee, disclose
	that fact and the processes it employs for setting the level
	and composition of remuneration for directors and senior
	executives and ensuring that such remuneration is
	appropriate and not excessive.
8.2	A listed entity should separately disclose its policies and	✓	☐ set out in our Corporate Governance Statement OR
	practices regarding the remuneration of non-executive directors	and we have disclosed separately our remuneration policies and	☐ we are an externally managed entity and this recommendation
	and the remuneration of executive directors and other senior
	practices regarding the remuneration of non-executive directors and
	executives.	the remuneration of executive directors and other senior executives	is therefore not applicable
		at:
		2.11 Remuneration and executive performance
		FY20 Annual Report (Section 8: Remuneration Report)
8.3	A listed entity which has an equity-based remuneration scheme	✓	☐ set out in our Corporate Governance Statement OR
	should:	and we have disclosed our policy on this issue or a summary of it at:	☐ we do not have an equity-based remuneration scheme and
	(a) have a policy on whether participants are permitted to
	enter into transactions (whether through the use of	www.fmgl.com.au/about-fortescue/corporate-governance	this recommendation is therefore not applicable OR
	derivatives or otherwise) which limit the economic risk of		☐ we are an externally managed entity and this recommendation
	participating in the scheme; and
		is therefore not applicable
	(b) disclose that policy or a summary of it.

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 12

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
ADDITIONAL RECOMMENDATIONS THAT APPLY ONLY IN CERTAIN CASES
9.1	A listed entity with a director who does not speak the language	✓	☐ set out in our Corporate Governance Statement OR
	in which board or security holder meetings are held or key	and we have disclosed information about the processes in place at:	☐ we do not have a director in this position and this
	corporate documents are written should disclose the processes
	it has in place to ensure the director understands and can	2.14 Non-English speaking directors	recommendation is therefore not applicable OR
	contribute to the discussions at those meetings and		☐ we are an externally managed entity and this recommendation
	understands and can discharge their obligations in relation to
	those documents.		is therefore not applicable
9.2	A listed entity established outside Australia should ensure that	☐	☐ set out in our Corporate Governance Statement OR
	meetings of security holders are held at a reasonable place and
	time.		✓ we are established in Australia and this recommendation
			is therefore not applicable OR
			☐ we are an externally managed entity and this recommendation
			is therefore not applicable
9.3	A listed entity established outside Australia, and an externally	☐	☐ set out in our Corporate Governance Statement OR
	managed listed entity that has an AGM, should ensure that its		✓ we are established in Australia and not an externally
	external auditor attends its AGM and is available to answer
		managed listed entity and this recommendation is
	questions from security holders relevant to the audit.
		therefore not applicable
			☐ we are an externally managed entity that does not hold an
			AGM and this recommendation is therefore not applicable
ADDITIONAL DISCLOSURES APPLICABLE TO EXTERNALLY MANAGED LISTED ENTITIES
-	Alternative to Recommendation 1.1 for externally managed	☐	☐ set out in our Corporate Governance Statement
	listed entities:	and we have disclosed the information referred to in paragraphs (a)	N/A
	The responsible entity of an externally managed listed entity
	and (b) at:
	should disclose:
	……………………………………………………………………………..
	(a) the arrangements between the responsible entity and the
	[insert location]
	listed entity for managing the affairs of the listed entity;
	and
	(b) the role and responsibility of the board of the responsible
	entity for overseeing those arrangements.

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 13

Appendix 4G

Key to Disclosures Corporate Governance Council Principles and Recommendations

Corporate Governance Council recommendation	Where a box below is ticked,4 we have followed the	Where a box below is ticked, we have NOT followed the
		recommendation in fullfor the wholeof the period above. We	recommendation in full for the whole of the period above. Our
		have disclosed this in our Corporate Governance Statement:	reasons for not doing so are:5
-	Alternative to Recommendations 8.1, 8.2 and 8.3 for externally	☐	☐ set out in our Corporate Governance Statement
	managed listed entities:	and we have disclosed the terms governing our remuneration as	N/A
	An externally managed listed entity should clearly disclose the
	manager of the entity at:
	terms governing the remuneration of the manager.
	……………………………………………………………………………..
		[insert location]

ASX Listing Rules Appendix 4G (current at 17/7/2020)

Page 14