THE DIRECTORS BIOGRAPHIES - CIEL Group

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THE DIRECTORS’ BIOGRAPHIESUpdated15 October 2018

THE DIRECTORS’ BIOGRAPHIESJEAN-PIERRE DALAISNon-Executive Chairperson – appointed Director on 02 June 2013 and Chairpersonon 10 February 2015Member of the Corporate Governance, Ethics, Nomination & RemunerationCommitteeResidency status: ResidentSkills and Experience:Ø Played an active role in the management and development of the operations ofthe CIEL Group, both in Mauritius and internationallyØ CIEL’s Group Chief Executive since 1 January 2017Directorships in other listed companies: Executive Director of CIEL Limited, Chairof Sun Limited and Non-Executive Director of Alteo Limited, CIEL Textile Limitedand Phoenix Beverages Limited (Alternate Director).PIERRE DANONNon-Executive Director - appointed Director on 31 December 2013 and ViceChairman on 09 February 2016Residency status: Non-ResidentSkills and Experience:Ø Chairman of Solocal Group, the European leader in digital communicationØ Chairman of Volia in Kiev, the Ukrainian leading cable and broadband companyØ Vice Chairman of AgroGeneration, a public company listed on the Alternext ofNYSE, Euronext in Paris and a non-executive Director of Standard Life inEdinburghØ Former Chairman of Eircom in Dublin and TDC in Copenhagen, ChiefOperating Officer of the Capgemini Group, one of the world’s foremostproviders of consulting, technology and outsourcing services and Chief Officerof British Telecom RetailDirectorships in other listed companies: NoneJÉRÔME DE CHASTEAUNEUFNon-Executive Director - appointed on 02 June 2013Member of the Audit and Risks CommitteeResidency status: ResidentSkills and Experience:Ø Former working experience with PriceWaterhouse in the UK, where he qualifiedas Chartered AccountantØ Key leading position within the CIEL Group, becoming its Head of Finance in2000

THE DIRECTORS’ BIOGRAPHIESØ Involved in the financial reengineering which accompanied the development ofthe CIEL GroupØ Assumes the role of CIEL Group Finance Director since 1 January 2017Directorships in other listed companies: Executive Director of CIEL Limited andNon-Executive Director of Alteo Limited, Sun Limited, CIEL Textile Limited, TheMedical and Surgical Centre Ltd and Harel Mallac & Co. Ltd.LAURENT DEMEYNon-Executive Director - appointed on 25 February 2015Chair of the Corporate Governance, Ethics, Nomination & Remuneration CommitteeResidency status: Non-ResidentSkills and Experience:Ø Started his career at Société Générale and in 2000Ø Joined Proparco as Chief Investment Officer of financial institutions which hesubsequently headed as well as the activities of funds of fundsØ In 2004, created Proparco’s regional office for Asia in Bangkok following whichhe was appointed Chief Operations Officer in 2006, and thereafter assumed thepost of Deputy Managing DirectorØ Currently acting as Managing Partner and Director at Amethis Finance.Directorships in other listed companies: NoneLAUREEN KOUASSI OLSSONNon-Executive Director – appointed on 25 February 2015Member of the Audit and Risks CommitteeResidency status: Non-ResidentSkills and Experience:Ø Joined Proparco in 2009 as Business Development Manager of the Banks andFinancial Markets DivisionØ In April 2013, joined Amethis Finance as Chief Investment Officer and isresponsible for the identification and structuring of prospective investmentprojects with a specialisation in the African financial sectorDirectorships in other listed companies: NonePAUL LEECHNon-Executive Director – appointed on 24 July 2018Member of the Audit and Risks CommitteeResidency status: ResidentSkills and Experience:Ø Acquired hands-on experience in managing a regional network of bankingbusinesses in a complex and matrixed multinational group

THE DIRECTORS’ BIOGRAPHIESØ Worked for 33 years with HSBC Group, including at Board level positionsacross banking & NBFI businesses, in Asia, Africa and Europe. Assumed therole of Head of International at HSBC Group prior to retirement from HSBC in2011Ø Acted as Group Chief Executive Officer of Cim Financial Services Ltd, aMauritian-based group engaged in financial services, leasing, fintech andproperty related activities, from 2014 to 2017Ø Currently serving as a Member of the Financial Services ConsultativeCommittee in MauritiusDirectorships in listed companies: NoneCATHERINE MCILRAITHNon-Executive Director – appointed on 01 March 2017Chairperson of the Audit and Risks CommitteeResidency status: ResidentSkills and Experience:Ø Member of the South African Institute of Chartered Accountants since 1992Ø Fellow Member of the Mauritius Institute of DirectorsØ Serves as an Independent Non-Executive Director and as a member of variousCommittees of several public and private companies in Mauritius, South Africaand England.Ø Served her Articles with Ernst & Young in Johannesburg before joining theinvestment banking industry where she held senior positions in corporate andspecialised finance for Ridge Corporate Finance, BoE NatWest and BoEMerchant Bank in JohannesburgØ Former Head of Banking at Investec Bank (Mauritius Branch)Other directorship positions: Non-Executive Director of Astoria Investments Ltd,CIEL Limited, Grit Real Estate Income Group Limited, Les Gaz Industriels Ltd andThe Mauritius Union Assurance Company LimitedGEORGE PAVEYIndependent Non-Executive Director - appointed on 10 February 2015Residency status: ResidentSkills and Experience:Ø CFA charter holder and started his career in 1991 as Analyst in the InvestmentBanking Department at UBS (Zurich)Ø In 1997, moved to UBS in New York where he was a Vice President in theInvestment Banking GroupØ In 1998, joined Credit Suisse First Boston where he spent 7 years as a seniorEquity Capital Markets professional in New York, Hong Kong and London

THE DIRECTORS’ BIOGRAPHIESØ In 2005, joined The Hong Kong and Shanghai Banking Corporation (HongKong) as a Managing Director and was Head of Equity Capital Markets for AsiaPacific and Co-Head of Global Capital Markets for Asia-PacificØ In 2007, rejoined Credit Suisse and spent the next five years as a ManagingDirector initially in London then Dubai and from 2011 to 2012 in Hong Kong asCo-Head of Credit Suisse’s Global Capital Markets and Financing Group forAsia-PacificØ Currently self-employed and acts as consultant to leading corporations andinstitutions.Directorships in other listed companies: NoneMARC-EMMANUEL VIVESExecutive Director – appointed on 10 February 2015Member of the Audit and Risks Committee until 27 June 2018Member of the Corporate Governance, Ethics, Nomination & RemunerationCommitteeResidency status: ResidentSkills and Experience:Ø Chief Executive Officer of CIEL Finance Limited since September 2014, withmore than 25 years of experience at Société GénéraleØ After initial steps within the General Inspection of the Société Générale Group,spent the next 18 years of his career in various assignments in emergingcountries, first in Argentina as Commercial Director, then as Chairperson andChief Executive Officer of Société Générale ArgentinaØ Subsequently moved to Russia as Chief Executive Officer of Société GénéraleVostok, before becoming First Deputy Chairperson of Rosbank, and finally toIndia as Country Manager.Directorships in other listed companies: Non-Executive Chair of IPRO Growth FundLtd and IPRO Funds Ltd (IPRO African Market Leaders Fund - Class (I2)Institutional Class).

THE DIRECTORS’ BIOGRAPHIES Ø Worked for 33 years with HSBC Group, including at Board level positions across banking & NBFI businesses, in Asia, Africa and Europe. Assumed the role of Head of International at HSBC Group prior to retirement from HSBC in 2011 Ø Acted as Group Chief Executive Officer of Cim Financial Services Ltd, a Mauritian-based group engaged in financial services, leasing .

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