b'Annual Report & Accounts 2022 Mercia Asset Management PLC 53GovernanceDiane Seymour-Williams Ray Chamberlain Dr Jonathan Pell Caroline Plumb OBESenior Independent Director Non-executive Director Non-executive Director Non-executive DirectorDate of appointment Date of appointment Date of appointment Date of appointmentNovember 2020 December 2014 December 2017 June 2018Experience Experience Experience ExperienceDiane is a non-executive director ofRay is an entrepreneur with anJonathan brings extensive experienceCaroline is a serial entrepreneur who Abrdn Private Equity Opportunitiesestablished track record of shareholderin the technology sector, originallypreviously co-founded recruitment and Trust plc, PraxisIFM Group Ltd andvalue-creation. Until 1997, Ray wasin both finance director and chiefinnovation consultancy FreshMinds SEI Investments (Europe) Ltd and is aexecutive chair and the principalexecutive roles and latterly inLtd, with clients including Jaguar co-founder of Acorn Capital Advisersshareholder in Forward Groupinvesting in and helping to scale upLand Rover, Vodafone and Google. Ltd. Diane was appointed to thePLC, which he grew from a start-uptechnology ventures. Having qualifiedShe also founded Fluidly Ltd, a Independent Valuation Committeecompany in 1978 to become one ofas a chartered accountant at PwC,venture-backed SaaS business in the of Chrysalis Investments Ltd in JuneEuropes leading high-technologyJonathan gained significant executiveFintech space which was acquired by 2022. Previously, Diane was also a non- printed circuit board manufacturers,experience, firstly in senior financeOakNorth Bank in December 2021. executive director of Brooks Macdonaldlisted on the Main Market of thepositions at Convergys CorporationCaroline was appointed as Group Group Plc, serving a nine-year tenureLondon Stock Exchange. In 1997,(NYSECVG), Geneva TechnologyCEO of accountancy practice Jeffreys and chairing the RemunerationForward Groups board acceptedLtd, Thomas Cook Retail Ltd andHenry Ltd in February 2022 and Committee. Diane has significanta substantial offer for the group.Semitool Inc. He then became CEO atremains as a non-executive director industry experience, having worked atSubsequently, Ray diversified hisDatanomic Ltd, where he oversaw aof Fluidly. Caroline was previously an Deutsche Asset Management Groupinterests, including establishingtwenty-fold increase in the companysindependent panel member of the (previously Morgan Grenfell) for overa trust focused on investing inglobal customer base and compound2.7billion Regional Growth Fund and 23 years where she held various seniortechnology-led start-ups. Ray wasrevenue growth of 105% over a four- served as one of Prime Minister David positions, including CIO and CEO appointed Non-executive Chair at theyear period, before being purchased byCamerons Business Ambassadors for Asia.time of the Groups IPO and havingOracle Inc (NYSEORCL) in 2011.representing the Professional and Diane subsequently spent nine yearssteered the company through itsSince leaving Oracle Inc in 2012,Business Services sectors. at LGM Investments Ltd, a specialistfirst 18 months, moved to his currentJonathan has founded his ownCaroline was awarded an Order global emerging and frontier marketsnon-executive position. early-stage technology investmentof the British Empire in the 2016 equities manager. Her non-executiveRay has deep venture experiencevehicle, Thorium Technology Investors,Birthday Honours list for services experience spans the quoted wealthacross several decades and sectors,and currently sits on the boardsto business and charity. She has an and asset management, global equity,as both a founder of and investor inof a number of young technologyMEng in engineering, economics and private equity, investment services andmany start-up businesses, which havebusinesses. Jonathan has a degree inmanagement from Oxford University.VCT sectors.resulted in successful exits. zoology with marine zoology from theCaroline is highly effective in bringing Diane has an MA in economics fromUniversity of Wales, Bangor and a PhDher current venture capital investee Cambridge University. She has ain cell proliferation from the Universityinsights to Mercias Board and longstanding interest in sustainableof East Anglia. strategy meetings.investing and recently completedJonathan has considerable venture the Cambridge University Institute ofand private equity investing Sustainability Leadership course inexperience, both as a CFO and CEO Sustainable Finance. of private equity-backed businesses She is a pro-bono member of thethat have successfully exited, and as Investment Committees of Newnhamthe founder of a technology-focused College, Cambridge and the Canal &venture angel investor group.River Trust.Board composition Meetings CommitteesIndependence Attendance (Total 7) MembershipExecutive Executive Audit & RiskMembers3 Dr Mark Payton7RemunerationNon-executiveMartin Glanfield7NominationMembers5 Julian Viggars7Non-executive Ian Metcalfe7 Ray Chamberlain6 Dr Jonathan Pell6 Caroline Plumb OBE7 Diane Seymour-Williams7'