Non-Executive

Tom Bartlam - Non-Executive Chairman t*^

Tom was a managing director of Intermediate Capital Group Plc, which he co-founded , from 1989 until his retirement in 2005. He remains on the board as a non-executive director and is non-executive Chairman of Pantheon International Participations and a non-executive director of Numis Corporation Plc and F&C UK Select Trust Plc. Tom became Chairman following the AGM on 19 September 2007.

Hugh Aldous - Non-executive Director t^

Chairman of the Audit Committee

Hugh is a partner of Grant Thornton and was formerly a partner of RSM Robson Rhodes from 1976 where he was latterly head of its financial services team. He is also Chairman of The Eastern European Trust Plc, and formerly Chairman of its audit committee from 1996, a non-executive director of Innospec Inc, where he has been a member of the audit committee since 2004, Chairman of the audit committee at Henderson TR Pacific Investment Trust Plc since 2003 and a director of Elderstreet VCT which he joined earlier this year.

Peter Buckley - Non-executive Director

Appointed to the Board in 2002. Peter is Chairman of Caledonia Investments Plc, and is a non-executive director of Close Brothers Group Plc, and Bristow Group Inc. He is a member of the Institute of Chartered Accountants of Scotland.

Jamie Cayzer-Colvin - Non-executive Director t*^

Chairman of Remuneration Committee

Appointed to the Board in 2002. Jamie is a director of Caledonia Investments Plc and a non-executive director of Rathbone Brothers Plc.

Charles Hale - Non-executive Director t*^

Appointed to the Board in 2002. Prior to joining Polar Capital Charles was Managing Director and Vice Chairman of CSFB Europe Limited, having been Chairman of Donaldson, Lufkin & Jenerette International, the London based subsidiary of Donaldson, Lufkin & Jenerette Inc., until its acquisition by CSFB in November 2000. Prior to 1984 he was a general partner of Lehman Brothers Kuhn Loeb and Managing Director of AG Becker International.

Sarah Street - Non-executive Director ^

Appointed to the Board in 2006. Sarah is Executive Vice President and Chief Investment Officer of XL Capital Ltd and a non-executive director of the Managed Funds Association.

Michael Thomas - Non-executive Director

Appointed to the Board in 2008. Michael was a director of Martin Currie Ltd. and investment manager of the Japanese Team until his retirement in 2007. He is also a director of Martin Currie Pacific Investment Ltd.

t member of Audit Committee

* member of Remuneration Committee

^ member of Nomination Committee