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DIRECTOR PROFILES

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ANDREW PETER SOMERVILLE KEMP - CHAIRMAN

Andrew Kemp is an executive director of Huntington Group Pty Ltd, a Brisbane based corporate advisory and investment banking firm.

He holds a Bachelor of Commerce degree from the University of Melbourne and is a chartered accountant. After working for KPMG and Littlewoods Chartered Accountants in Melbourne and Sydney, Andrew joined AIFC, the merchant banking affiliate of the ANZ Banking Group in Sydney in 1978.

From 1979 until 1985, Andrew was Queensland Manager of AIFC. He joined the North Queensland based Coutts Group as general manager early in 1985, and continued with this group until January 1987 when he formed Huntington Group.

Since 1980, Andrew has structured and implemented the ASX listing of 12 companies in addition to other corporate advisory and investment activities. He is a director of S8 Limited and SunnyCove Management Limited, both of which are listed on ASX.

TROY JOHN HARRY - MANAGING DIRECTOR

The Manager's officer primarily responsible for making investment decisions is Troy Harry.

Troy Harry is the founder and Managing Director of the Manager. He has a deep understanding of the Australian stock market, with more than 13 years experience in the Australian securities industry.

From April 1998 until July 2003, Troy was employed by ABN AMRO Morgans Limited in Brisbane where he advised a range of mostly high net worth individuals and small institutions. The advice provided was mostly regarding special situations identified by Troy and he developed a reputation among his clients for being able to identify undervalued asset situations. In July 2003, Troy resigned from ABN AMRO Morgans Limited to concentrate his efforts on his own business.

Concurrently with his roles at ABN AMRO Morgans Limited and Trojan Investment Management Pty Ltd, from November 2002 to June 2004, Troy acted as Managing Director of Harbour Capital Limited ('Harbour') (now Metals Exploration Limited). Harbour was an investment company listed on ASX with investments in royalties in Western Australia and private equity investments in greater China. Troy oversaw a significant corporate restructuring during his time at Harbour, with Harbour's share price rising from $0.35 at the date of his appointment to $0.76 at the date of his retirement.

Troy is a director of a number of private companies and is a former director of several ASX listed companies. He has experience in financial analysis, modelling and structuring, and in advising and managing investment companies.

He holds a Bachelor of Business (Banking and Finance) degree from the Queensland University of Technology and is a Fellow of the Financial Services Institute of Australia and a Fellow of the Australian Institute of Company Directors.

ROGER BRIAN CLARKE - NON-EXECUTIVE DIRECTOR

Roger Clarke has over 30 years commercial experience, principally in the investment banking industry, with responsibilities in funds management, banking and corporate finance, and involvement in a significant number of initial public offerings, capital raisings and corporate transactions.

Roger is chairman of ABN AMRO Morgans Limited, and has been part of its executive team for the past 18 years. ABN AMRO Morgans Limited is one of Australia's leading retail stockbroking firms with over 50 offices throughout Australia.

He is also chairman of Tissue Therapies Limited and Pipe Networks Limited and a director of MTQ Insurance Ltd and Northstate Capital Limited. Roger holds a Bachelor of Commerce degree from the University of Auckland and is a chartered accountant.

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