Audit Committee Charter - Rev 26 June 2007

Ansell Limited Charter of the Audit and Risk Committee (Revised 26 June 2007) 1. Purpose The Audit and Risk Committee (the Committee) is established to ensure oversight by the Board of Directors of all matters related to the financial accounting, financial reporting, internal control systems and risk management systems of the Company. The Committee monitors the processes which are undertaken by management and both external and internal auditors. Through the Committee, the full Board, as the representative of the shareholders, ensures that the Company meets all its financial and risk management corporate governance requirements. The external auditors are responsible to the Committee and the Board under this model. 2. Composition The Committee shall consist of at least three Non-executive Directors, each of whom has been determined by the Board to be independent of management, free of any relationship, which might impair the exercise of their independent judgement and possessed of the financial skills and acumen, which will allow them to be effective in their role. It is intended that and all committee members will have an understanding of the industry in which the company operates and at least one member of the committee will have expertise in financial accounting and reporting. The quorum of the Committee shall be at least two Directors. The Committee Chairman should be independent and not Chairman of the main Board. The Chairman of the main ...