The Board

Struan Robertson is former Executive Chairman of BP Asia Pacific and ex-CEO of Wates Group. In addition to his role at Eredene, Struan was a non-executive director of Forth Ports plc, which operates seven ports in the UK and was the largest ports company listed on the London Stock Exchange prior to its takeover and delisting. During a career with BP he held a number of senior posts such as Executive Chairman Asia Pacific, Chief Executive Oil Trading International and Chief Executive Malaysia. He is also a non-executive director of Henderson TR Pacific Investment Trust plc and a non-executive director of Salamander Energy plc.

Sir Christopher has been involved in real estate investment and development throughout his career. He gained significant development experience when with Arndale, which was followed by his appointment as Managing Director of MEPC. He has previously been Chairman of MEPC, Royal and Sun Alliance, Boots plc, Costain and Albright & Wilson. He was also Chairman of the London Docklands Development Corporation. Sir Christopher Benson sits on the audit and remuneration committees.

Alastair King qualified as a solicitor and practiced in London and Central Asia with Baker & McKenzie. From 1999 to 2002, he held several senior positions within NewMedia SPARK PLC, an early stage technology venture capital investor. From February 2002, he was Managing Director of Galahad Capital PLC, then an AIM-quoted cash shell, which completed the acquisition of Shambhala Gold Limited in December 2003 and changed its name to Galahad Gold PLC. Alastair King left the board of Galahad Gold in December 2004. He holds an MSc in finance from London Business School and founded Eredene Capital plc in January 2005. Alastair King is a part of the executive team and a board member with main responsibilities including management of the company's investment strategy, capital raising, and investor relations.

Charles William Cayzer is an Executive Director of Caledonia Investments plc, one of the largest Investment Trusts listed on the London Stock Exchange. Having gained experience of merchant banking, commercial banking and corporate and project finance with Baring Brothers, Cayzer Irvine & Co and Cayzer Ltd, Charles was appointed a director of Caledonia in 1985, where he has responsibility for Caledonia's real estate investments. He is also the Senior Independent Director of London & Stamford and Director of Quintain Estates. Charles Cayzer sits on the audit and the remuneration committees.

Nikhil was until March 2006 Regional Director of P&O in India and he has a successful record in sourcing and managing large infrastructure projects throughout South Asia. An Indian national, Nikhil led P&O's activities in South Asia for two years. He was an employee of P&O for 10 years during which he held a number of senior positions, including that of CEO of Mundra International Container Terminal (MICT) at Mundra Port, a substantial port operator in Western India. Nikhil Naik is a core member of the executive team and heads Eredene Capital PLC's advisory team in India comprising of the investment analysis and execution teams.

Gary Varley is a Chartered Accountant with board level experience in sectors including private equity and real estate development. He joined PricewaterhouseCoopers in 1994, where he practised in the firm's audit, management consultancy and forensic accounting divisions. As well as a number of board level commercial roles, he was previously a Principal with the AIM quoted venture capital investor NewMedia SPARK PLC where he sat on the fund's investment committee. Prior to joining Eredene on its formation in 2005, he was Finance Director of Nicholas King Homes plc. Gary Varley is the Finance Director and a core member of the executive team with responsibilities including investment analysis, structuring and execution.

Paul Gismondi has more than 30 years of experience in the banking industry. He is a Managing Director of Lazard & Co., Limited where his main focus has been providing advice to the firm's clients on all forms of public and private equity and equity-linked financings, including initial public offerings, follow-on and convertible financings and private placements. Before joining Lazard in 1990, Mr Gismondi was Managing Director of Manufacturers Hanover Limited in London. He is a Non-Executive Director of Hampson Industries Plc and formerly of Delta Plc, Panmure Gordon & Co., Lazard & Co., Limited, Lazard & Co., Services Limited and Lazard & Co. and Holdings Limited. He is a Fellow of the Securities Institute.

Robert Arnold is an experienced insurance industry professional having spent many years as a partner with the global insurance broker, Willis Faber & Dumas. Mr Arnold was also a Board Director of Allianz Portugal.