E.J. BEALE,    Director

Mr Beale joined the board in 2008. He is a Chartered Accountant and is the chief executive of City Group PLC., the Company’s company secretary and administrators. He was previously a member of the Accounting Council of the Financial Reporting Council and a member, previously chairman, of the Corporate Governance Expert Group of the Quoted Companies Alliance.

He is chairman of Marshall Monteagle PLC and a non-executive director of London Finance & Investment Group P.L.C., Swallowfield PLC, Heartstone Inns Limited and our associated company, Hartim Limited. Mr Beale has considerable Board level experience which he brings to the Boards of the Core Holdings on behalf of the Company.