A.J. HALL (age 78),    Director

Member and Chairman of the Audit Committee

Mr Hall joined the Board in 1996. Mr Hall held senior investment management positions with The Royal Trust Company of Canada and Aitken Hume. In 1985, he joined Sarasin Investment Management Limited, a wholly owned subsidiary of Bank Sarasin & Cie, a private Swiss bank, as a director with responsibility for expanding investment services, and was managing director from 1989 to 2000. He is now a consultant for Sarasin & Partners LLP and a director of Sarasin Asset Management Limited.