Nicholas Bull FCA ^{1, 2, 3} 
Mr Bull is the Senior Independent Director of Coats Group plc. He is also a Member of Council of the University of Exeter, a Trustee of the Design Museum and Deputy Chairman of the Trustees of the Conran Foundation. He was a Director, then Chairman, of hotels group De Vere from 2010 until the completion of its asset disposal programme in 2015. He was also Chairman of the Advisory Board of City stockbroker, Westhouse Securities.

Previously Mr Bull worked for 30 years as a corporate finance practitioner with Morgan Grenfell (subsequently Deutsche Bank), Société Générale and ABN AMRO in London, Sydney, Singapore and Hong Kong.

He is a qualified Chartered Accountant.

All the Directors are non-executive directors and all are independent, with the exception of John Ford.

¹ Member of the Audit Committee and the Management Engagement Committee
² Member of the Nomination and Remuneration Committee
³ Member of the Investment Committee

David Causer FCA ^{1, 2, 3} is a non-executive Director and Audit Committee Chairman of Schroder Income Growth Fund plc, an investment company listed on the London Stock Exchange. He is a qualified Chartered Accountant and a member of the Securities Institute.

Mr Causer has held a number of senior positions within financial services organisations, including as Finance Director of Mercury Asset Management Group plc and as a Managing Director of Merrill Lynch Investment Managers until 2001. He was Finance Director of The British Red Cross Society until December 2007. He is also a Trustee of a number of charities and a former public member of Network Rail.

Appointed as Chairman of the Audit Committee on 4 February 2010

All the Directors are non-executive directors and all are independent, with the exception of John Ford.

¹ Member of the Audit Committee and the Management Engagement Committee
² Member of the Nomination and Remuneration Committee
³ Member of the Investment Committee

The Hon. Peter Pleydell-Bouverie DL ^{1, 2, 3} is an investment professional with over 30 years of investment experience, particularly in the Far East and emerging markets. His current non-executive positions include acting as CIO and Trustee on investment committees for family and charitable trusts. He is also a Deputy Lieutenant of the County of Wiltshire. Previously, Mr Pleydell-Bouverie spent ten years with FIL where he was investment Director until 1996, managing Japanese-focused unit trusts, offshore funds, pension funds and the Fidelity Emerging Markets Fund.

Prior to this, he was an associate Director at Kleinwort Grieveson Investment Management and fund manager at Grieveson, Grant and Co, where he also managed Asia-focused investment funds.

Appointed as Chairman of the Investment Committee on 4 February 2010

All the Directors are non-executive directors and all are independent, with the exception of John Ford.

¹ Member of the Audit Committee and the Management Engagement Committee
² Member of the Nomination and Remuneration Committee
³ Member of the Investment Committee

Elisabeth Scott ^{1, 2, 3} is a non-executive Director of Pacific Horizon Investment Trust PLC, Dunedin Income Growth Investment Trust PLC and Allianz Technology Trust PLC. Ms Scott worked in the asset management industry in Hong Kong from 1992 to 2008, where she was Managing Director and country Head of Schroder Investment Management (Hong Kong) Limited and Chairman of the Hong Kong Investment Funds Association.

Appointed as Senior Independent Director on 22 July 2016 and Chair of the Nomination and Remuneration Committee
Appointed 1 November 2011

All the Directors are non-executive directors and all are independent, with the exception of John Ford.

¹ Member of the Audit Committee and the Management Engagement Committee
² Member of the Nomination and Remuneration Committee
³ Member of the Investment Committee

Vera Hong Wei ^{1, 2, 3} has over 18 years’ experience in the Chinese financial industry spanning central bank, commercial bank and asset management sectors. She is Chief Executive of the Sloan Culture and Education Exchange Ltd. Her previous roles include Managing Director of Greenwoods Asset Management, Vice General Manager of Ping An Annuity in Shanghai, Head of Corporate Banking at Shenzhen Development Bank and Director of The People’s Bank of China.

She is currently the Chief Executive of the Sloan Culture and Education Exchange Ltd, which brings Chinese students and executives to study and undertake exchange programmes in UK schools and higher education institutions. She is a Chinese national and divides her time between China and the UK.

Appointed on 24 March 2016

All the Directors are non-executive directors and all are independent, with the exception of John Ford.

¹ Member of the Audit Committee and the Management Engagement Committee
² Member of the Nomination and Remuneration Committee
³ Member of the Investment Committee

John Ford ³ is Fidelity International’s Global Chief Investment Officer, Fixed Income, Solutions and Real Estate and has been a member of its Global Operating Committee since 2008. Prior to this, he was Chief Investment Officer for Fidelity International’s Asia Pacific region from 2008. He joined Fidelity in 2005 as the Hong Kong based Managing Director of its operations in South East Asia before becoming the Chief Investment Officer in 2006 for Japan. He has worked in the asset management industry since 1986, having spent 19 years at Schroders. He was located in Asia for much of that time and worked in a number of different countries in the region including Hong Kong, Japan, Singapore and Malaysia.

Appointed on 22 July 2016

All the Directors are non-executive directors and all are independent, with the exception of John Ford.

¹ Member of the Investment Committee