NEWS
DALE BOARD OF DIRECTORS
Mr. Robert Erien Engels (Dutch) - Non-Executive Chairman

Robert Engels is past Senior Vice President of Cognos Inc, responsible for Europe, Middle East and Africa. He retired from this position is June 2001. His father, the late Mr J.P.Engels was Chairman of Philips Industries and was knighted in The Netherlands for his services to Industry.


Since his retirement Robert has been appointed to the board of Cognos Inc (Barbados), as a Non-Executive Director.

MR. ROBERT ENGELS
Mr. Norman Theodore Noland (South African) - Non-Executive Deputy Chairman

Norman Noland is an entrepreneur and businessman with extensive experience in the international financial services sector and as a leader and an investor in both the public and private markets. He currently serves as the Non-Executive Deputy Chairman of Sekunjalo Investments Limited.

Prior to 1995 Norman was employed for 15 years in the Standard Bank Group and before that held senior positions in smaller South African Banks and Building Societies.  He started his career at the Old Mutual.

Since leaving Standard Bank in 1995 he has been involved in acquiring and establishing a number of businesses, both locally and internationally in the financial services, IT, property and leisure sectors. In 2005 the board of Sekunjalo asked Norman to take up the position of Deputy-CEO with responsibility for overseeing the operations and growth strategy of a group with an NAV of c.US$150m.

His international experience includes directorships of companies in South Africa, Mauritius, Switzerland, Germany, Luxembourg, Guernsey, Jersey and Isle of Man.

MR. JOHN WHATLEY
Mr. Quinton James George (South African) – Managing Director

Quinton is the founder and CEO of Trinity Asset Management, one of South Africa’s largest gold and resource focussed fund managers.

He began his career in financial services when he joined Peter George Portfolios (Pty) Ltd, members of the South African Bond Market Association. Thereafter, Quinton joined a South African Corporate member of the Johannesburg Stock Exchange (JSE). Here he worked as portfolio manager and developed a substantial private client base. Later, he joined DC Palmer Securities and initiated their online stock broking. He played a significant role in building the online business of the company.

Quinton is a registered financial advisor with the Securities Institute of London and the Financial Services Board in South Africa. He has successfully achieved certificates in Investment Advice and Investment General exams of the Institute of Stockbrokers.

MR. JOHN WHATLEY
Mr. John Whatley (British) – Managing Director

John Whatley has been involved in the financial services industry since 1985. He was the compliance director of a London private client fund management company, originally established in the mid 1980`s and it's unit trust management subsidiary which managed UK authorised unit trusts. John was the director responsible for all compliance, private client and unit trust administration, dealing and valuation. John also acted as the Compliance officer for Appleton International Limited in London and has a wealth of experience gained serving as compliance officer for FIMBRA, IMRO and FSA regulated companies. He was also invited by the previous UK regulator, IMRO, to sit on an advisory panel to help shape UK regulation.

John has served on the board of directors of numerous UK and offshore fund management companies and in September 2005, he was invited by the shareholders of Dale to join the company. The appointment was to help fulfil the shareholders ambitions and the company’s potential, with a view to taking the company to a listing. John sits on a number of the boards of Dale’s investee companies, representing the shareholders and offering practical assistance and his experience gained from the UK regulated financial services industry.

MR. JOHN WHATLEY
Mr. Charles Edward Pettit (British) – Investment Director

Charles Pettit is the Investment Director of Dale, with responsibility for leading the investment screening, approval and execution processes.

Prior to joining Dale, Charles worked for Close Brothers Corporate Finance in London. Transactions on which Charles has advised include the sale of Accord plc to Enterprise plc backed by 3i, the sale of Lane Fox Limited to Strutt and Parker LLP and the balance sheet restructuring of a publicly quoted company in the telecoms sector. Charles also has extensive knowledge of the BEE sector in South Africa having previously worked for Sekunjalo Capital where he was involved in numerous buyside transactions including the acquisition of the Sharenet Group.

Charles has a First Class BCom (Hons) from the University of Cape Town and is a member of the Securities and Investment Institute (London).

MR. JOHN WHATLEY
Mr. Kee Chong Li Kwong Wing (Mauritian) – Non-executive Director

K.C. Li is the Chairman of Mauritius International Trust Conpany (MITCO) and has held key positions in the Government of Mauritius for the modernisation and liberalisation of the monetary and financial services sector. After a brilliant career in public services, he started MITCO in 1993 just as Mauritius entered into the world of offshore finance. He holds a Masters of Law (LL.M) in International Tax Law, St Thomas University School of Law, Florida, USA, a Masters degree in International Taxation (MIT) from Regent University School of Law, Virginia, USA, a B.Sc (Econ) from the London School of Economics and a Post Graduate Diploma in Rural Planning from the Institute of Social Studies, the Hague, Holland.

During his public career, K.C. was Adviser to the Minister of Finance for eight years, Chief Executive Officer of the National Mutual Fund, Chairman of the State Investment Corporation Management Ltd and Chairman of the Stock Exchange Commission.

MR. JOHN WHATLEY
Mr. Nigel McGowan (British) – Non-executive Director

Nigel McGowan qualified as a chartered accountant in 1991 with Deloitte & Touche, London. After working in senior management roles in the audit and corporate finance departments he returned to the Isle of Man to join Deloitte’s local office in 1995.

From 1998 to 2001 Nigel worked in senior management positions with the Isle of Man Assurance Group, culminating in the role of Chief Financial Officer. Between 2001 and 2005 Nigel worked for Simcocks Advocates in the Isle of Man with responsibility for financial control and also the establishment and development of the Simcocks Group of companies including the licensed corporate service provider, Simcocks Trust in the Isle of Man and Mauritius. Since 2005 Nigel has been a self employed business consultant and holds a number of executive and non-executive directorships including a number of private property companies with investments in residential and commercial property in the Isle of Man and a non-exec director of an AIM listed property investment company. Nigel is a former chairman of the Isle of Man Society of Chartered Accountants.

MR. JOHN WHATLEY
Dr. Jürg P. (Giorgio) Blum (Swiss) – Non-executive Director
Giorgio worked for 5 years as a Trust Officer at Rothschild Bank AG in Zürich. After his studies overseas, he joined Credit Suisse (Germany) as Assistant Vice President, responsible for Asset Management and the development of the Austrian onshore market.

Later Giorgio moved to Switzerland and headed the tax optimized portfolio management at Bank Hofmann, also responsible for the German Private Banking Market (Acquisition and Asset Management).

In 1999, Giorgio changed to Union Bancaire Privee as a Director in the field of Private Banking (then fourth largest Private Bank in Switzerland), he was also a member of the strategic committee of the Bank. His specialty is asset management and tax “optimized” investment solutions.

Giorgio is currently the Managing Director and Partner of Creacon Asset Management, he holds an MBA, and a Doctorate in Business Administration from the United States International University in San Diego, California U.S.A.

MR. JOHN WHATLEY
<