Mr Russell Lester - Company Director Russell is the Managing Director and founder of Growth Equities Pty Ltd (the Manager), a Director of each of Growth Equities Imputation Limited, Growth Equities Accumulation Limited, an Executive Director of the various Lester Group companies and the Vice President of the Guildford Grammar School Foundation Inc including Chairman of the Foundation’s Investments Committee.

Russell has more than 15 years experience in the Australian investment industry and global financial markets, building a broad range of investment management skills. Previously he was an Investment Advisor with a national wealth management company. He was responsible for providing investment selection, portfolio construction and management advice to individuals, superannuation funds and not-for-profit organisations.

Russell has worked with Deutsche Morgan Grenfell supporting the foreign currency dealing activities in London and with the private funds management company, Nelsons Money Managers Plc in the UK. He has also been a Corporate Money Market Dealer with BankWest in Perth.

Russell holds a Bachelor of Economics degree from the University of Western Australia; a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia; is a graduate member of the Australian Institute of Company Directors and a Fellow of the Financial Services Institute of Australasia.

Russell is engaged to manage the affairs of the Company and the Manager. He is a member of the Manager’s Investment Committee and is responsible for the day-to-day management of the Portfolio and implementation of the Committee's investment decisions for the Company

Mr Richard Lester – Chairman Richard (Dick) has more than twenty five years experience in the investment and funds management industries in Australia. He is an Executive Director of the Lester Group of companies and was Chairman of the Western Australian Institute for Medical Research until May 2009 and Non-Executive Director of Wesfarmers, a position he held for 13 years until 30 June 2008.

He was an inaugural member of the Companies and Securities Advisory Committee established by the Federal Attorney General to advise the Australian Government on securities industries laws. This advice lead directly to the establishment by the Government of the Australian Securities Commission, now the Australian Securities and Investments Commission (ASIC).

He was formerly the CEO and principal Shareholder of Growth Equities Mutual Limited, a property trust fund manager in Australia with over $1.6 billion under management for 110,000 investors. This Company was sold to the Lend Lease Group in 1994.

Dick is a member of the Manager’s Investment Committee, which meets on a weekly basis, and is involved in all investment decisions for the Company. His involvement with the Company includes attendance at Board meetings and the provision of strategic advice and assistance to the Board as required.

Damian is a founding Director of Hannans Reward Ltd, an ASX listed company and was appointed Managing Director of that company on 1 July 2007. He is a Non-Executive Director of Growth Equities Pty Ltd (the Manager) and a Director of each of Growth Equities Imputation Limited, Growth Equities Accumulation Limited.

Damian holds a Bachelor of Commerce (Accounting and Finance) from the University of Western Australia, is admitted as a Barrister and Solicitor of the Supreme Court of Western Australia and holds a Graduate Diploma in Applied Finance & Investment from FINSIA (formerly the Securities Institute of Australia). In addition, he holds a Graduate Diploma in Company Secretarial Practice from Chartered Secretaries Australia and is a Graduate Member of the Australian Institute of Company Directors.

Damian’s involvement with the Company includes attendance at Board meetings and the provision of strategic advice and assistance to the Board as required.