Page 27 - ASCOT GROUP COMPLETE DOCUMENT (2)

David Smeed
Executive Chairman & Co Founder

An experienced investment/portfolio manager who has managed markets both in
Europe and Asia. From London, he has worked within the Hedge Fund space
managing Institutional Funds as well as UHNW clients. From Singapore, again in the
Hedge Fund space, he has managed HNW client funds. Strong experience in
managing client money and relationships.

Currently running a boutique investment advisory and a separate tax restructuring
advisory in Ireland, he is regulated by the Central Bank of Ireland (C71099) and has been regulated by
both the SFA (UK) and MAS (Singapore).

David has long running relationships with both the Irish & IOM Regulatory bodies which has supported
the setup of Ascot Group which has allowed it to gain the first Authorised Insurance Licence from the
IOM in over 15 yrs. and the first ever to a start-up.

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As Chairman, David will continue to be the link between our Regulator / 3 party partners / group
companies and our stakeholders / shareholders.

Suzanne Collins

Chief Executive Officer

Suzanne has over 30 years working in the international finance sector, mainly in
administration, specialising in regulation compliance and risk worldwide. For nine
years she was Head of Life Assurance and Pensions for the Isle of Man Insurance
and Pensions Authority (the regulator for these on the Isle of Man), where, amongst
other things, she was responsible for the authorisation and ongoing supervision of
insurance companies.

She has also been Company Secretary & Head of Risk, Regulation & Technical for Canada Life
International and Head of Legal and Compliance for Eagle Star International/Allied Dunbar
International (now Zurich International), as well as being a regulated director for a number of trust and
corporate services providers.

She is also a Commissioner, appointed to the Isle of Man Gambling Supervision Commission ('GSC').
The GSC is an independent statutory board established in 1962. In addition to the licensing and
regulation of land-based gambling operations (casino, amusement and slot machines, betting offices
and lotteries), the Commission also regulates all online gambling activities.