BOARD OF DIRECTORS

Eric Sanderson is a director of First Milk Limited and of Schroder UK Mid Cap Fund plc. He is also Chairman of the Court of the University of Dundee. He was formerly chairman of MyTravel Group Plc and of Kwik-Fit Insurance Services Limited, Chief Executive of the British Linen Bank Limited and on the management board of Bank of Scotland. He joined the board of directors of the MWB Group in November 2002 and was chairman of the MWB Group Audit Committee until his appointment as Chairman of MWB Group Holdings Plc in April 2005.

He has been chairman of the MWB Group Conflicts Committee, chairman of the MWB Group Nominations Committee and a member of both the MWB Group Audit Committee and the MWB Group Remuneration Committee throughout the eighteen months 30 June 2011 and continues to be so.

In 1982, after graduation from the City of London Business School, Richard Balfour-Lynn formed Warwick Balfour Properties plc, a central London commercial and residential property development and investment company.

In 1994 he co-founded MWB Group Holdings Plc and was appointed to the Board. He is responsible for the strategic direction of the Group and its operating divisions.

After specialising in investment management at Hill Samuel in the early 80’s, Jagtar Singh moved to Lombard Odier et Cie, where he provided corporate and investment finance for quoted companies.

He joined Richard Balfour-Lynn as Finance Director for Warwick Balfour Properties plc in 1988 and then subsequently joined the MWB Group Holdings Plc Board in 1998. At MWB he manages the investment in MWB’s principal operating companies Malmaison and Hotel du Vin and MWB Business Exchange Plc as well as overseeing the finance and treasury functions, banking relationships, financial operations and investments for the Group as a whole.

Michael Bibring graduated from the London School of Economics in 1976 and thereafter practiced as a solicitor, specialising in property development and retail and leisure property. He acted for the Group for 12 years before joining MWB Group at the end of 1996 and was appointed to the board of MWB Group in November 1998.

His responsibilities include structuring corporate and property transactions and overseeing developments, he also plays an important role in the strategic development of MWB’s hotel investments.

Robert Burrow joined the board of MWB Group as Senior Independent Non-Executive Director in September 2005. With effect from that date he has been a member of the MWB Group Audit Committee, the MWB Group Conflicts Committee, the MWB Group Remuneration Committee and the MWB Group Nominations Committee.

In September 2006, he was appointed chairman of the MWB Group Audit Committee which he remains. He is a solicitor and was a partner of S.J. Berwin LLP and its predecessor firm from 1985 to 2007. He is currently a partner of Chelsfield Partners LLP and a non-executive director of Mission Capital Plc and Caxton Global Investments Limited.

David Marshall joined the Board of MWB Group Holdings Plc in 1997, where he was Non-Executive Chairman until May 2002. He is the Chairman of London Finance & Investment Group Plc, a subsidiary of which owns 1.2% of the issued share capital of the MWB Group Holdings Plc.

He is also Chairman of Western Selection Plc, Finsbury Food Group Plc and Creston Plc and a non-executive director of Northbridge Industrial Services Plc. He was a member of the MWB Group Audit Committee, the MWB Group Conflicts Committee and the MWB Group Nominations Committee, and chairman of the MWB Group Remuneration Committee throughout the eighteen months ended 30 June 2011 and continues to be so.