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The Group >> Directors

INDEPENDENT DIRECTORS

Paul Heinamann Chairman (63)

Appointed: 24 June 1986. Appointed Chairman on 2 February 2004

Qualifications: AMP (INSEAD), FSRM (SA)

Former chief executive of Alexander Forbes (1989 to 1998). Former President of the South African Insurance Brokers Association and the Insurance Institute of Southern Africa.

Alexander Forbes responsibilities include:

Boards:

Chairman of the boards of Guardrisk Holdings Limited, Guardrisk Insurance Company Limited, Guardrisk Life Limited and Alexander Forbes Insurance Company Limited
Director of Alexander Forbes South Africa Holdings (Pty) Limited, Alexander Forbes South Africa Intermediate Holdings (Pty) Limited, Alexander Forbes Group (Pty) Limited, Alexander Forbes Media Holdings Limited and Alexander Forbes Media Services Limited
Trustee of the employee share incentive trusts and director of the employee investment companies
Attendance of Alexander Forbes International Limited board meetings

Committees:

Chairman of the Remuneration Committee, the Nomination Committee and the Non-Life Underwriting Risk Committee
Member of the Acquisitions Committee

John Robins (British) Deputy Chairman (66)

Appointed: 25 July 2002. Appointed Deputy Chairman on 2 February 2004

Qualifications: FACT

John previously served as Group Chief Executive of multinational general, life and healthcare insurance group, Guardian Royal Exchange plc (“GRE”), which was acquired in 1999 by the multinational insurance group Axa Group. Prior to his time with GRE he was group finance director of international insurance broker, Willis Group. John is also former chairman of the Policy Holders Protection board and the British Insurers International Committee.

Alexander Forbes responsibilities include:

Boards:

Chairman of the board of Alexander Forbes International Limited
Director of Alexander Forbes Risk Services Limited, with regulatory responsibilities to the UK Financial Services Authority
Trustee of the employee share incentive trusts and director of the employee investment companies

Committees:

Chairman of the International Audit Committee and the Acquisitions Committee
Member of the Group Audit Committee, Remuneration Committee and Nomination Committee

Peet van der Walt Director (66)

Appointed: 29 November 1977

Qualifications: BCom, CA(SA)

Former managing director and chief executive of Federale Volksbeleggings Bpk and chairman of Servgro. Non-executive chairman of Alexander Forbes Limited from 1997 to 1999.

Alexander Forbes responsibilities include:

Boards:

Trustee of the employee share incentive trusts and director of the employee investment companies

Committees:

Chairman of the Group Audit Committee
Member of the Africa Audit Committee, International Audit Committee, Acquisitions Committee, Remuneration Committee and Nomination Committee

Mark Nicholls (British) Director (56)

Appointed: 12 May 2004

Qualifications: MA, MBA

Having qualified as a solicitor with Linklaters, Mark became head of corporate finance at SG Warburg and in 1995 became a main board director of the SG Warburg Group. More recently he was managing director of the Royal Bank of Scotland’s private equity group.

Alexander Forbes responsibilities include:

Boards:

Director of Alexander Forbes International Limited

Committees:

Member of the Group Audit Committee, International Audit Committee and Acquisitions Committee

Theo Bohlmann Director (56)

Appointed: 7 December 1989

Qualifications: BCompt (Hons), CA(SA)

Theo qualified as a chartered accountant with PricewaterhouseCoopers. He is former CEO of Janssen Pharmaceutica and former operations director of Servgro.

Alexander Forbes responsibilities include:

Boards:

Director of Alexander Forbes Life Limited, Investment Solutions Holdings Limited, Investment Solutions Limited, SuperFlex Limited, Guardrisk Holdings Limited, Guardrisk Insurance Company Limited, Guardrisk Life Limited and Alexander Forbes Insurance Company Limited

Committees:

Chairman of the Africa Audit Committee, Alexander Forbes Life Audit Committee, Guardrisk Audit Committee, Investment Solutions Audit Committee and the Life Underwriting Risk Committee
Member of the Group Audit Committee and Non-Life Underwriting Risk Committee

Alan van Biljon Director (58)

Appointed: 7 October 2005

Qualifications: BCom CA, MBA

Mr van Biljon was Chief Financial Officer until 2002 when he started a specialised financial consultancy under the name of Van Biljon and Associates.

EXECUTIVE DIRECTORS

Rael Gordon Group Chief Executive (37)

Appointed: 1 April 2002

Qualifications: BSc, FFA, CFA

Former chief executive of Investment Solutions. Prior to joining Investment Solutions, Rael headed the Alexander Forbes Asset Consulting unit, and prior to that worked at Standard Corporate and Merchant Bank and also spent a number of years as an actuary in the life insurance industry.

Mike Ilsley Group Finance Director (44)

Appointed: 12 November 1999

Qualifications: BCom, BAcc, CA(SA)
Prior to joining Alexander Forbes in 1999, Mike was a partner of international accounting firm, PricewaterhouseCoopers. He was responsible for the audits of a number of the firm’s large SA clients
and his wider experience included business valuations and due diligence investigations. Mike has previously served as a member of the Accounting Practices Committee of the South African Institute of Chartered Accountants.

John Vickers Group Development Director

Appointed: 7 October 2005

Qualifications: BCom, BAcc, CA(SA)

NON-EXECUTIVE DIRECTORS

Cyril Ramaphosa Director (52)

Appointed: 17 September 2002

Qualifications: BProc
Cyril was co-founder of the National Union of Mineworkers and General Secretary from 1982 to
1991. In 1991, Cyril was elected Secretary General of the ANC. He became a Member of Parliament in 1994 and was chairman of the Constitutional Assembly. Cyril left active politics in 1996 and became chairman of Johnnic. He is executive chairman of the Shanduka Group and nonexecutive director of a number of companies.

Alexander Forbes responsibilities include:

Boards:

Chairman of the boards of Alexander Forbes South Africa Holdings (Pty) Limited, Alexander Forbes South Africa Intermediate Holdings (Pty) Limited and Alexander Forbes Group (Pty) Limited
Director of Alexander Forbes Risk & Insurance Services, Alexander Forbes Financial Services, Investment Solutions Holdings Limited, Investment Solutions Limited and SuperFlex Limited

Jan Durand Director (38)

Appointed: 5 October 2004

Qualifications: BAcc, Hons BAcc, MPhil (Management Studies), Chartered Accountant (SA)
Jan is currently the Financial Director of VenFin Limited.

Alexander Forbes responsibilities include:

Committees:

Attendance of Group Audit Committee, Africa Audit Committee and Acquisitions Committee meetings

Gregory Roberts-Baxter (32)

Alternate director to Jan Durand

Appointed: 17 February 2005

Qualifications: BSc, MSc, MBA
Gregory has a number of years experience in private equity. Prior to that he headed a special initiatives division at a major South African bank focusing primarily on acquisitions, joint ventures and strategic alliances. In addition, he spent a number of years in strategic management consulting with a global strategy consultancy, and has experience in building a start-up business. He is a Chazen scholar of Columbia Business School in New York (with honours) and has published a number of pieces in local and international journals and conferences.