SANLAM NAMIBIA TRUST MANAGERS LIMITED REG NO 94/286

Executive director

Tertius Stears Chairman/Chief Executive CIMA; BComm (Hons) Management Accounting Appointed as director in 2004. Currently Chief Executive Officer of Sanlam Namibia Ltd and Sanlam Namibia Holdings (Pty) Limited. Joined Sanlam Namibia Ltd in 1995. Associate member of the Chartered Institute of Management Accountants.

Non-executive directors

	Harald Müseler CA (Nam/SA); MBA (Stellenbosch) Appointed as director in 2008. Independent director and trustee of various Namibian Companies and Retirement Funds focusing on corporate governance. Director of Capricorn Asset Management (Pty) Ltd and Chairman of the Capricorn Investment Holdings Ltd audit committee. Board member of the NSX and Chairperson of its audit committee. Currently also involved in private business. Former assurance partner of PricewaterhouseCoopers and its predecessor firms from 1985 to 2006 and responsible for risk management at the Namibian firm. In the early stages of his career, before entering the audit profession in 1978, he worked for Sanlam in its actuarial and investment departments at head office for ten years.
	Danie Claassen* CA (SA), BComm (Hons) Tax Appointed as director in 2004. Director of Sanlam Namibia Holdings (Pty) Limited, holdings company of Sanlam Namibia Ltd. Chairman: Audit and Risk Committee and member of Board Management Committee of Sanlam Namibia Holdings (Pty) Limited. Currently Head: Group Tax Services of the Sanlam Group.
	Hugh Mortimer F C A Appointed as director in 2005. Group Financial Director of Ohlthaver & List Group 1977-1992. A Founding Director of Namib Building Society. Board member of Bank Windhoek Ltd 1994 – 2001. Board member of Welwitschia Nammic Insurance Brokers (Pty) Ltd and Capricorn Unit Trust Management Company Ltd.
	Hylton Villet BA (UWC); MA (Ohio, USA); Ph.D. (Ohio, USA) Appointed as director in 2006. Currently Executive Chairperson of Ombiga Investment Holdings (Pty) Ltd and Chairperson of GijimaAst. Managing Partner of Executive Development Associates. Board member of Capricorn Unit Trust Management Company Ltd.

Company secretariat

Irvin Möller BA-political, LLB Admitted Legal Practitioner - Lower and High Courts of Namibia. 2006 appointed as Group Legal Advisor to Sanlam Namibia Limited. 2007 appointed as Group Company Secretary - Sanlam Namibia Holdings (Pty) Limited, Sanlam Namibia Limited, Capricorn Life Assurance Company Limited, Sanlam Namibia Trust Managers Limited, Life office of Namibia Limited & Capricorn Unit Trust Management Company Limited.

*South African citizen