Husky's purpose is to be a role model of lasting business success based on our core values:

• Make a contribution
• Proactive environmental responsibility
• Passion for excellence
• Bold goals
• Uncompromising honesty
• Respect

These values influence our corporate strategy, form the basis for our business practices worldwide and guide us as we fulfill our mission of "keeping our customers in the lead".

In order to ensure the consistent application of our values in our daily practice, we have adopted the following guiding principles:

1. Innovation is key to industry leadership and long-term success. We will spend a minimum of four per cent of sales on research and development.
2. Our customers' best interests come first. We only recommend solutions that we would implement ourselves and build relationships that are based on complete trust.
3. Uncompromising honesty and integrity are the foundation of our business philosophy. Our promises are sacred, and Husky people worldwide live by the Honor Code in their dealings with all stakeholders including customers, suppliers, our local communities and shareholders.
4. Our communication is open and direct. We believe in complete transparency, and we communicate openly and honestly. We will not hold back "bad news" from any of our stakeholders.
5. People are most productive in a safe, high quality work environment. We apply global standards to the design of our facilities and consistently implement leading health and safety practices across our operations worldwide.
6. We practice proactive environmental responsibility. Energy efficient buildings, comprehensive programs to minimize waste and other highly visible practices demonstrate our commitment to the environment.
7. We strive to improve the quality of life in the communities in which we operate. Our people are encouraged to volunteer their time and we set aside 5% of pre-tax income for causes and projects that benefit education, health and the environment.
8. Our decisions are guided by a long-term view. We believe that sustained performance ensures the health and success of the company and builds shareholder value.
9. We apply leading standards of corporate governance which include the separation of Chairman and CEO, a majority of independent directors, and a single class share structure.
10. We abide by the local laws of the countries in which we do business.