Tim Ingram Chairman

Tim Ingram was appointed a non-executive director of the Company and a member of the Audit, Remuneration and Nominations Committees on 11 January 2010. He was Chief Executive of Caledonia Investments plc from 2002 until his retirement in July 2010. After an early career in international banking, he was finance director, chief executive and later chairman of First National Finance Corporation from 1992, a managing director of Abbey National from 1996 to 2002, and was a non-executive director of ANZ Bank (Europe) Limited from 2004 to 2010. He is also the senior independent non-executive director of The Sage Group plc and of Savills plc, a non-executive director of Alok Industries Limited and chairman of Ermitage Ltd. He was appointed Chairman of the Company on 1 April 2010.