Merrill Lynch & Co. Inc.

Armando Codina, an active leader in civic and community activities, is currently the Chairman of Flagler Development Group. Mr. Codina was Chairman/CEO and founder of Codina Group, which in April 2006 merged with Florida East Coast Industries. Flagler Development Group owns, leases and manages approximately 12 million square feet of Class-A office and industrial space, has an additional one million square feet under construction and is a major landowner in the state. Established in 1979, Codina Group, Inc. a Coral Gables, Florida based real estate investment, development, construction, brokerage and property management firm evolved into the finest full-service commercial real estate development corporation in South Florida and was recognized as the largest commercial developer in the State of Florida by Florida Trend Magazine. Prior to establishing Codina Group, Mr. Codina was president of Professional Automated Services, Inc. (P.A.S.), a firm created in 1970 to provide data processing services to physicians. As a result of the firm's success, Mr. Codina is recognized as a pioneer in the development of comprehensive medical management systems including processing, accounts receivable, management reporting and multiple financial services. P.A.S. was sold in 1978. Mr. Codina's commitment to the community and civic affairs is strong. In February 2003, he was appointed President of the VIII FTAA Ministerial and Americas Business Forum. He is “Chairman Emeritus” of the Board of Trustees of Florida International University. He recently was Co-Chair of Community Partnership For the Homeless, a member of Florida Council of 100, the Council’s Partnership to Advance School Success (PASS program) and also served on the Advisory Board for the Panama Canal. Codina currently serves on the Board of Directors of AMR (appointed Lead Director on April 1, 2007), General Motors, The Home Depot and Merrill Lynch. Mr. Codina served on the Board of Directors of BellSouth for 18 years (1989 to 2006) until AT&T acquired BellSouth. At the time of the acquisition, Mr. Codina was the Lead Director of BellSouth. Also, Mr. Codina previously served on the Board of Directors of Burger King Corporation until April 1, 2007. Over the past 15 years he has been honored by the Florida Council on Economic Education’s “Free Enterpriser of the Year” Award, the Merchant Association Enterprise Medalist; Developer of the Year the National Association of Industrial and Office Properties; Entrepreneur of the Year by Florida International University; Office Developer of the Year, Shopping Center Developer of the Year and Entrepreneur of the Year by Wharton School. He was inducted into the Building Association of South Florida’s Hall of Fame. He also received the Charles Whited Spirit of Excellence Award from Knight Ridder Newspapers, the Hispanic Entrepreneur Award from NCNB National Bank and the Silver Medallion Award from the National Conference of Christians and Jews, American Red Cross as its ‘Humanitarian of the Year’ Award and Honorary Doctor of Law Degree from Florida International University. In 2002, the Greater Miami Chamber of Commerce recognized Codina Group as the #1 Private Hispanic Company in Florida as well as in 2003, the Chamber honored Mr. Codina with the Lifetime Achievement Award “Sand In My Shoes”. South Florida CEO magazine honored Mr. Codina with 2003 Business Leader of the Year and in early 2004, the Beacon Council honored him with the Jay Malina Award. In June 2005, Mr. Codina was awarded the Merage Foundation’s National Leadership Award for Leadership in the Business Community.

Osman Semerci, senior vice president, global head of Fixed Income, Currencies & Commodities (FICC) and president of EMEA Global Markets & Investment Banking. He is responsible for all fixed income sales and trading functions globally, as well as all debt and equity businesses in Europe, the Middle East and Africa. Prior to being named to his current position in July 2006, Mr. Semerci has held a number of leadership roles of increasing scope and responsibility. Before being named president of EMEA GMI in 2005, Mr. Semerci served as head of Pacific Rim Global Markets from September 2003 to January 2005, where he was responsible for the Debt and Equity businesses in Japan, Asia and Australia. Previously, Mr. Semerci was head of Pacific Rim Debt Markets and prior to that head of EMEA Investor Client Group. Mr. Semerci joined Merrill Lynch's International Private Client Group in Geneva in June 1992 as a financial consultant. In March 1993, he moved to London as a fixed income salesperson in Global Debt Markets. Between 1996 and 1998, Mr. Semerci formed and led Merrill Lynch's institutional fixed income cash and derivatives client businesses in European Emerging Markets. From 1999 to 2001, he built and was responsible for the new Strategic Solutions Group in EMEA, a group focusing on providing tailor-made solutions for investor and issuer clients in Europe. Before joining Merrill Lynch, Mr. Semerci began his career in 1990 as a trader of Turkish equities in Istanbul. Born and raised in Turkey, Mr. Semerci holds a postgraduate degree in management from Marmara University in Istanbul, Turkey, and a Bachelor of Science degree in electrical and electronic engineering from Bosphorus University, also of Istanbul.