MedicX Fund Biographies

All directors are considered independent. Jorge Tavares retired as Chairman on 31 October 2008. David Staples was appointed as Director on 1 October 2008 and took over as Chairman on 1 November 2008. All other directors were appointed on 25 August 2006. In the prior year no director held any interest in either the Ordinary or C shares. No director is under contract of service with the Company. Details of directors' remuneration is disclosed in note 3 to the financial statements.

David Staples - Non-Executive Chairman

David Staples (aged 52) is a Chartered Accountant and a Chartered Tax Adviser. He also holds the Institute of Directors' Diploma In Company Direction. For thirteen years until 2003, Mr Staples was a partner with PricewaterhouseCoopers ("PwC") and led the tax practice in the South East of England advising several well known family and owner-managed businesses. Since leaving PwC, Mr Staples has joined the boards of five groups as a non-executive director and chairs the audit committees of two of them, Gottex Fund Management Holdings (listed on the Swiss Exchange, SWE) and Premier Renewable Energy Fund (listed on LSE main market). His other appointments include private equity funds and a private property investment group.
Mr Staples is resident in Guernsey where he is Chairman of the Chartered Institute of Taxation.

Christopher Bennett - Non-executive director

Christopher Bennett (aged 44) is a member of the Royal Institution of Chartered Surveyors, and also has an MBA from Cranfield university and a BA in Law & Economics from Durham University. He is a Jersey resident and is Managing Director of Dominion Real Estate, a real estate administration business which he co-founded in 2005. He was previously with Royal Bank of Scotland International in Jersey where he spent five years in real estate finance. Prior to working for Royal Bank of Scotland International he worked for Mutual Finance (an associate company of Rotch Property Group) for 18 months, was a self employed property consultant for six years and spent three years in the residential agency sector. He is a director of Alpha Pyrenees Trust Limited, a property investment company which is listed on the Official List. His property experience includes property management, development, appraisal, planning and agency in addition to finance, in both commercial and residential markets.

John Hearle - Non-executive director

John Hearle (aged 56) is a fellow of the Royal Institution of Chartered Surveyors and a Member of the Chartered Institute of Arbitrators. He is both a director and heads the Healthcare Division of Aitchison Raffety Limited based at St Albans. He is also Group Chairman of Aitchison Raffety Limited and its subsidiaries. After working for the District Valuers' Office, John joined Aitchison in the late 1970s followed by TSB Property Services and then Aitchison Raffety. John has undertaken various roles and responsibilities including for the Healthcare and the Residential Surveyors' groups (including responsibility for all TSB Property Services' surveyors) and was also responsible for its commercial estate agency and surveying operation. John is recognised as an expert and an arbitrator by the President of the Royal Institution of Chartered Surveyors and regularly receives appointments for such roles. In addition, in respect of healthcare, he acts as Chairman of the RICS Working Party, and, on occasions, has undertaken a consultancy role to the British Medical Association. John was one of the founding members of the Primary Care Premises Forum.

Shelagh Mason - Non-executive director

Shelagh Mason (aged 50) is an English property solicitor with over 23 years experience in commercial property. She currently practices as Mason & Co in Guernsey specialising in English commercial property. Her last position in the United Kingdom was as a senior partner of Edge & Ellison (now part of Hammonds). For two years until 2001 she was Chief Executive of Long Port Properties Limited, a property development company active throughout the United Kingdom and Channel Islands.
Mrs Mason is a member of the board of directors of Standard Life Investment Property Income Trust, a property fund listed on both the London Stock Exchange and the Channel Islands Stock Exchange, is a non-executive director of Ptarmigan Property Limited, an AIM listed property fund, a non-executive director of Atlas Estates Limited, an AIM listed property development company operating in central and eastern Europe, and a director of PFB Regional Office Fund and PFB Data Centre Fund, both CISX listed companies and of Third Point Independent Voting Company Limited. She is also Chairman of the Guernsey branch of the Institute of Directors and a member of the Chamber of Commerce and the Guernsey International Legal Association. She also sits on the committee of Hope for Guernsey, a medical research charity which is part of Wessex Medical Trust.