International Broadcasting Group - Supplemental Code Of Ethics for Principal Executives an Senior Financial Officers

This Supplemental Code of Ethics for Principal Executives and Senior Financial Officers (“Supplemental Code of Ethics”) applies to the Chief Executive Officer, the Chief Operating Officer, the Chief Financial Officer, the Senior Vice President of Finance & Administration, General Counsel and any other senior officers in such similar capacities (collectively “Senior Financial Officers”).  It is intended to supplement the Company's Code of Business Conduct and Ethics (the "Code of Conduct"), which sets forth fundamental principles and key policies and procedures that govern the conduct of all directors, officers and employees of the Company.

As a Senior Financial Officer, you are bound by the requirements and standards set forth in the Company's Code of Conduct, as well as those set forth in this Supplemental Code of Ethics and all other applicable policies, procedures, and guidelines provided by the Company to employees.

To the best of their knowledge and ability, Senior Financial Officers must:

• Act with honesty and integrity; avoid actual or apparent conflicts of interest in personal and professional relationships.
• Provide, in the Company's reports and documents filed with, or submitted to, the Securities and Exchange Commission and other public communications, disclosure that is full, fair, accurate, timely and understandable.  As such, Senior Financial Officers are required to bring to the attention of the Disclosure Committee any material information of which he or she becomes aware of that may affect the disclosures made by the Company in its public filings.
• Comply with (i) all applicable laws and (ii) rules and regulations of all governmental entities and other private and public regulatory agencies to which the Company is subject.
• Bring to the attention of the Company’s Chief Financial Officer or General Counsel any information concerning significant deficiencies in the design or operation of internal controls over financial reporting.
• Act in good faith, with due care, competence and diligence, without misrepresenting material facts or allowing independent judgment to be subordinated.
• Respect the confidentiality of information acquired in the course of employment.
• Promote ethical and honest behavior within the Company environment.
• Accept accountability for adherence to this Supplemental Code of Ethics and the Code of Conduct.
• Promptly report any violations of this Supplemental Code of Ethics or the Code of Conduct and to report to the Company’s General Counsel any material violation of securities or other laws, rules or regulations by the Company.  In the event that any material violation of securities or other laws, rules or regulations by the Company involves the General Counsel, then such conduct should be reported to the Audit Committee or to the Chief Executive Officer.
• Bring to the attention of the Company’s General Counsel any information concerning fraud that involves management or other employees who have a significant role in the Company’s financial reporting.

Any change to or waiver from this Supplemental Code of Ethics shall be promptly disclosed as required by applicable law, rules and regulations.