Directors

	Mr Peter Diamond has worked in the stockbroking industry in a variety of roles since 1986.  Between 1986 and 2000, Mr Diamond was an Executive Director and Associate Director of a Perth stockbroker that was part of a national and international group at the time.  In this capacity, he was involved in all aspects of the stockbroking business including trading, underwriting, placements and corporate advice. From 2000 until the present date, Mr Diamond has worked for Euroz Securities Limited and Euroz Limited and also acts in the capacity of Executive Chairman of both companies.  In this capacity, Mr Diamond has dealings with both institutional and high net worth clients on all aspects of equity trading.   Mr Diamond is also Non – Executive Chairman of Westoz Investment Company Limited and has been since that company’s inception. Mr Diamond holds a Bachelor of Business Degree is an Associate Member of the Australian Society of Accountants.   Mr Diamond will act as a Non-Executive Director of the Company and will also be a member of the Manager’s Investment Committee.
	Between 1986 and 2000, Mr Jay Hughes was employed by a Perth stockbroker that was part of a national and international group at the time.  From 1994 he acted in the capacity of an Executive Director and before this as an Associate Director.   From 2000 until the present date, Mr Hughes has worked for Euroz Securities Limited and Euroz Limited and also acts in the capacity of Executive Director and Responsible Officer of both companies.  During this time, Mr Hughes has been involved in the institutional sales department of the stockbroking business dealing predominantly with offshore funds.  He is also heavily involved in many facets of the management and supervision of both companies. Mr Hughes is also a Non – Executive Director of Westoz Investment Company Limited and has been since that company’s inception. Mr Hughes holds a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia.  He was recognised as an affiliate of ASX in December 2000 and was admitted in May 2004 as a Practitioner Member (Master Stockbroking) of the Securities and Derivatives Industry Association.   Mr Hughes will act as a Non-Executive Director of the Company and will also be a member of the Manager’s Investment Committee.
	Mr Philip Rees will act as a Executive Director and Company Secretary of the Company.  He is also Chief Investment Officer of the Manager, sits on its Investment Committee and is responsible for the operation and development of the Manager’s business. Mr Rees has worked in a range of roles focussed on Australian investment markets for the last 21 years.  He was the Director of Investments with the Government Employees Superannuation Board in Western Australia for a 6 year period to September 2000.  During this period, he oversaw a major restructuring of that entity’s investment portfolio and directly managed funds in Australian equity and fixed interest markets. Prior to this period, Mr Rees was involved in the management of an Australian equity portfolio with Suncorp and in the analysis of equities for a stockbroker focussed on servicing the Australian institutional market. Mr Rees has recently been involved as Chief Investment Officer of a listed pooled development fund and has managed a number of successful venture capital investments. Mr Rees has a Bachelor of Commerce Degree and is a Chartered Financial Analyst.  He is also a Fellow of the Securities Institute of Australia, a Certified Practicing Accountant and a Fellow of the Chartered Institute of Secretaries.
	Mr Mike Jefferies has extensive experience in finance and Investment, including the past 15 years as an executive of Guinness Peat Group. He currently sits on the Boards of Tower Australia Limited, Tower Limited and Metals X Limited and is Chairman of TAFMO Limited. Mr Jefferies is a Chartered Accountant and holds a Bachelor of Commerce Degree.

Directors

	Mr Peter Diamond has worked in the stockbroking industry in a variety of roles since 1986.  Between 1986 and 2000, Mr Diamond was an Executive Director and Associate Director of a Perth stockbroker that was part of a national and international group at the time.  In this capacity, he was involved in all aspects of the stockbroking business including trading, underwriting, placements and corporate advice. From 2000 until the present date, Mr Diamond has worked for Euroz Securities Limited and Euroz Limited and also acts in the capacity of Executive Chairman of both companies.  In this capacity, Mr Diamond has dealings with both institutional and high net worth clients on all aspects of equity trading.   Mr Diamond is also Non – Executive Chairman of Westoz Investment Company Limited and has been since that company’s inception. Mr Diamond holds a Bachelor of Business Degree is an Associate Member of the Australian Society of Accountants.   Mr Diamond will act as a Non-Executive Director of the Company and will also be a member of the Manager’s Investment Committee.
	Between 1986 and 2000, Mr Jay Hughes was employed by a Perth stockbroker that was part of a national and international group at the time.  From 1994 he acted in the capacity of an Executive Director and before this as an Associate Director.   From 2000 until the present date, Mr Hughes has worked for Euroz Securities Limited and Euroz Limited and also acts in the capacity of Executive Director and Responsible Officer of both companies.  During this time, Mr Hughes has been involved in the institutional sales department of the stockbroking business dealing predominantly with offshore funds.  He is also heavily involved in many facets of the management and supervision of both companies. Mr Hughes is also a Non – Executive Director of Westoz Investment Company Limited and has been since that company’s inception. Mr Hughes holds a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia.  He was recognised as an affiliate of ASX in December 2000 and was admitted in May 2004 as a Practitioner Member (Master Stockbroking) of the Securities and Derivatives Industry Association.   Mr Hughes will act as a Non-Executive Director of the Company and will also be a member of the Manager’s Investment Committee.
	Mr Philip Rees will act as a Executive Director and Company Secretary of the Company.  He is also Chief Investment Officer of the Manager, sits on its Investment Committee and is responsible for the operation and development of the Manager’s business. Mr Rees has worked in a range of roles focussed on Australian investment markets for the last 21 years.  He was the Director of Investments with the Government Employees Superannuation Board in Western Australia for a 6 year period to September 2000.  During this period, he oversaw a major restructuring of that entity’s investment portfolio and directly managed funds in Australian equity and fixed interest markets. Prior to this period, Mr Rees was involved in the management of an Australian equity portfolio with Suncorp and in the analysis of equities for a stockbroker focussed on servicing the Australian institutional market. Mr Rees has recently been involved as Chief Investment Officer of a listed pooled development fund and has managed a number of successful venture capital investments. Mr Rees has a Bachelor of Commerce Degree and is a Chartered Financial Analyst.  He is also a Fellow of the Securities Institute of Australia, a Certified Practicing Accountant and a Fellow of the Chartered Institute of Secretaries.
	Mr Mike Jefferies has extensive experience in finance and Investment, including the past 15 years as an executive of Guinness Peat Group. He currently sits on the Boards of Tower Australia Limited, Tower Limited and Metals X Limited and is Chairman of TAFMO Limited. Mr Jefferies is a Chartered Accountant and holds a Bachelor of Commerce Degree.