Shareholder Analysis

Directors

Mr Chris Cleverly

Executive Chairman

Mr Cleverly was called to the Bar in 1990, and subsequently founded Trafalgar Chambers establishing himself as the youngest head of chambers in the last century. In addition to his legal work, Mr Cleverly is also the Chief Executive Officer of the Made in Africa Foundation, a UK non-profit organisation established to assist the development of the African continent by providing first-stage funding for the feasibility studies and business development of large-scale infrastructure projects based in the region. He is also a regular presenter on TV and radio, and a contributor to newspapers and magazines on subjects regarding Africa and African development.

Rt Hon Lord Peter Hain

Non-Executive Director

Lord Hain was a Cabinet Minister for seven years and a government minister for five years, holding a number of positions including Foreign Minister, Europe Minister and Energy Minister. During this time, he gained significant experience in diplomacy, negotiation and conflict resolution. He is due to become a Member of the House of Lords in October 2015. Lord Hain has also held various directorships including positions with Amara Mining PLC, Developing Markets Associates Ltd, ADR Group Accredited Civil & Commercial Mediator and IDM Africa Business School. He is heavily involved in charitable organisations and is Ambassador to the Desmond Tutu Foundation, which aims to build peace in fractured communities, Chairman of Donald Woods Foundation, which does ground-breaking health and schools work in one of South Africa's poorest areas and a Trustee of the Listen Charity, fundraising for anti-poverty projects.

Mr Elias Pungong

Non-Executive Director

With a distinguished career spanning 25-years, Mr Pungong has advised governments, multinationals and private sector institutions across Africa on strategy, operation, and general management issues. In his current role as Senior Partner and Oil & Gas Leader for Africa at Ernst & Young (EY), he leads the firm's transaction advisory and assurance work within the energy practice. Prior to EY, he spent 14 years at PricewaterhouseCoopers (PwC) where he was a member of PwC's Africa Leadership team, and Managing Partner for the firm's Sub-Saharan Africa Francophone team, leading the firm's expansion efforts across Francophone Africa. In his other activities and functions, Mr. Pungong currently serves as Honorary British Consul to the Littoral Region in Cameroon. A Fellow at the Institute of Chartered Accountants of England and Wales, Mr. Pungong, was also selected as one of the prestigious Young Global Leaders by the Davos World Economic Forum in 2009, earned an MA degree with first class honors in Mathematical Statistics from Oxford University, and received advanced executive training at the Harvard Kennedy School and the Yale School of Management in global leadership, management and organisational leadership.

Rt Hon Mark Simmonds

Non-Executive Director

Mr Simmonds is a Conservative Party politician in the United Kingdom who served as the Member of Parliament for Boston and Skegness in Lincolnshire, from 2001-2015. Most recently he held the ministerial position of Foreign and Commonwealth Minister for Africa and as such he has a deep knowledge of the business and political landscape across the continent. During his parliamentary career Mr Simmonds also held a number of shadow ministerial roles, including for Health, International Development, Foreign and Commonwealth Affairs, and Education. He is also the Non-Executive Deputy Chairman of Commonwealth Enterprise and Investment Council, which focusses on promoting trade and investment by facilitating engagement between Government and the private sector throughout the Commonwealth.

Mr Declan O'Brien

Non-Executive Director

Mr O'Brien has over 20 years senior management experience within the financial sector, particularly relating to the African commodity space. He is currently Chief Executive Officer ('CEO') of Barak Fund Management, an African commodity focused investment fund which provides bespoke trade finance and working capital solutions to businesses. Prior to this, he was Global Head of Business Development at Skybound Capital, a fund management business focused on Africa and China. Other previous responsibilities include CEO of Royal Eagle Investments (Pty) Ltd, an independent management consultancy business, and Head of sales at BNP Paribas Cadiz Securities, a South African-based specialist equity derivatives broking and research company. In his role as Chief Commercial Officer / Head of Sales at Global Trader, a South African based online trading platform, Mr O'Brien was instrumental in the sale of the company. He holds a Diploma in Financial Management, is a JSE Registered Securities Trader and holds a certificate from the South African Institute of Financial Markets' in the Registered Persons Examinations (RPE).

Dr. Simon Dorling

Non-Executive Director

Dr. Dorling, is an Exploration and Structural Geologist with over 19 years of industry experience and is a Principal Consultant with CSA Global Pty Ltd (‘CSA’). Dr Dorling and CSA were the leading technical consultants for ASX listed Elemental Minerals Limited, which owns 93% of the Sintoukola Potash Project (‘Sintoukola’), located contiguously to African Potash’s Lake Dinga and as the Competent Person, Dr. Dorling developed Sintoukola from a conceptual target to bankable feasibility study stage. He is a Qualified Person and is also a member of the Australian Institute of Geoscientists (MAIG).