b'58 Mercia asset Management PLc Annual Report and Accounts 2021Board of DirectorsRight skills, right experience, right peopleDr Mark PaytonMartin GlanfieldJulian ViggarsIan Metcalfe Chief Executive Officer Chief Financial Officer Chief Investment Officer Non-executive ChairDate of appointment Date of appointment Date of appointment Date of appointmentDecember 2014 December 2014 April 2018 December 2014Experience Experience Experience ExperienceMark has extensive investment Martin has significant publicJulian joined Mercia through the 2016Ian is a qualified solicitor who and scale-up experience. Sincemarkets and business experience.acquisition of Enterprise Ventures,retired as managing partner of co-founding Mercia, he has led theHe is a KPMG qualified charteredwhich he joined in 2004 and was headinternational law firm Wragge & Co sales of Hybrid Systems (to Myotec)accountant with more than 20 yearsof technology investments at thein 2014 after eight years in post. to create PsiOxus Therapeutics Ltd,experience as chief financial officertime of its acquisition. He has over 20Prior to managing the business, Ian Warwick Effect Polymers Ltd (toof listed, private equity-backed andyears of venture capital experience,was a corporate partner at the firm Polytherics Ltd) to create Abzena plcprivately owned technology-ledincluding the successful listings offor 14 years, acting for a number of and led the founding investment inbusinesses. Martin joined the maincompanies such as Blue Prism Groupsubstantial public and private Allinea Software Ltd (sold to ARM).market listed Forward Group PLC inplc and OptiBiotix Health plc.companies and private equity Prior to Mercia, Mark played a1993 and was group financialThrough the subsequent sell-down ofhouses on a wide range of leading role within Oxforddirector from 1995 until its sale forits holding in Blue Prism, Merciastransactions. Ian is currently a University Innovation (OUI, the129.0million in 1997. In 1999, asRisingStars Growth Fund realiseddirector and chair of technology transfer operation of thedeputy chief executive of Symondsc.95.0million, 105x the cost of itsCommonwealth Games England,University of Oxford), spinning outplc, Martin led the public to privateinvestment. Julian leads the equitya director of the Board of the BioAnalab (sold to Millipore), Oxfordof this main market-listedinvestment team as well as managingOrganising Committee of the Immunotec (listed on NASDAQ),technology group, backed bythe pipeline of Mercias directBirmingham 2022 Commonwealth Oxitec (sold to Intrexon) and NaturalNatWest Equity Partners.investments.Games and the Host City Motion (sold to Zynga). Following hisThe group was successfullyAlongside his wide experience ofrepresentative on the time at OUI, Mark was the vicerestructured and sold within 12investing across many sectors, Commonwealth Games Federation president of corporate developmentmonths to a NASDAQ-listed USJulian is fund manager for theExecutive Board. at Oxxon Therapeutics Inc, prior toelectronics group, whereupon heNorthern Powerhouse InvestmentHe is also a non-executive director its sale to Oxford BioMedica plc. Hebecame a vice president, workingFund (NPIF), the RisingStars Growthof the global waste management gained his PhD jointly between frequently in Silicon Valley. He wasFunds and the Finance Yorkshiregroup TRRG Holdings Ltd and a the University of Oxford and thechief executive of the private equitySeedcorn Fund. Julian played anon-executive director of the AIM University of London (Kingsbusiness Forward Group plc fromleading role in securing the managedlisted Arena Events Group plc. Ian College). Mark also has an MBA from2003 to 2005 and since then hasfunds contracts awarded by thehas an MA in law from Cambridge the University of Warwick, is abeen group finance and IT directorBritish Business Bank and North EastUniversity. He became Mercias Sainsbury Management Fellow forof the large international foodFund Ltd and has been Mercias ChiefNon-executive Chair on 2 July 2019.Life Sciences and was awarded theprocessing group Boparan HoldingsInvestment Officer since April 2018.Ian has over 25 years experience 2015 EY Entrepreneur of the YearLtd and a private equity-backedJulian has a geology with chemistryadvising businesses of all types and (regional and national).building services business. Martindegree from the University ofsizes on their growth activities, as external appointments has an honours degree in businessSouthampton and qualified as well as deep corporate governance None from Aston University.a chartered accountant withexperience, both as a legal adviser external appointments accountants Smith & Williamson.to listed businesses and as a current external appointments and previous non-executive board None member of leading sports and other Nonemultinational organisations.Board diversityBoard diversity Tenure Gender0-2 years MaleMembers1 Members63-5 yearsFemale Members3 Members26-10 years Members4'