E.J. Beale (age 61), Director

Edward Beale joined the Board in 2008. He is a Chartered Accountant and 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 Financial Director of Marshall Monteagle PLC and a non-executive director of London Finance & Investment Group PLC, Brand Architekts Group and Heartstone Inns Limited. He is also a director of City Group PLC, the Company’s company secretary and administrators. Edward Beale has considerable Board level experience which he brings to the Boards of the Company’s Core Holdings.