The Board of Directors (the “Board”) and the senior management of RAS EXTRUSIONS LTD. subscribe to the following Code of Conduct adopted by the Board. They would

1. use due care and diligence in performing their duties of office and in exercising their powers attached to that office;
2. act honestly and use their powers of office, in good faith and in the best interests of RAS EXTRUSIONS LTD. as a whole;
3. not make improper use of information nor take improper advantage of their position ;
4. not allow personal interests to conflict with the interests of RAS EXTRUSIONS LTD.;
5. recognize that their primary responsibility is to Company’s shareholders as a whole but they should (where appropriate) have regard for the interests of all stakeholders of RAS EXTRUSIONS LTD.;
6. be independent in judgement and actions, and to take all reasonable steps to be satisfied as to the soundness of all decisions taken by the Board of Directors;
7. ensure the confidentiality of information they receive whilst being in office and is only disclosed if authorized by the Company, or the person from whom the information is provided, or as required by law;