Punch Taverns Plc.

Giles Thorley, 41, was appointed Chief Executive of Punch in January 2003, having joined Punch as Executive Chairman in December 2001. After qualifying as a Barrister, his early career was at Nomura International plc. He successfully led the IPO of Punch in May 2002 and has seen the business through the subsequent acquisitions including Pubmaster in 2003 and Spirit Group in 2006. Giles is also Non-executive Chairman of Tragus Limited, a Non-executive Director of Tui Travel plc and a trustee of the Rona Trust.

Roger Whiteside, 50, was appointed to the Executive Board of Punch in November 2008 as Managing Director of the Leased Business. Roger has approaching 30 years experience in Retail, notably with Marks & Spencer plc (1979 to 2000), Ocado and Thresher. Roger has considerable experience in leadership roles having sat on the Marks & Spencer UK Operating Board as Head of Food and he was Joint Managing Director at Ocado from 2000 to 2003. Most recently, Roger joined the Thresher Group where he was CEO from 2004 until 2007 during which time he led the strategic review that culminated in the restructuring and subsequent successful sale of Thresher. In addition, Roger is a Non Executive Director of Greggs Plc.

Jonathan Paveley, 43, was appointed Commercial Director with effect from May 2004. He joined the Group from Greene King, where he was Strategy Director, responsible for strategic development and purchasing, during which time he managed a series of major internal and acquisition initiatives. Prior to Greene King he was a member of the MBO team at the Gaymer Group and an investment banker. He joined the Punch Taverns Board in September 2004.

Neil Griffiths, 45 was appointed Property & Strategy Director with effect from June 2005, and is responsible for the strategic development of the estate maximising profitability through acquisition, investment, rental growth and alternative use development. Neil joined Punch in 2001 and has been responsible for building the Company's industry leading acquisitions team. Neil was previously with Warner Brothers where he was international Property Director responsible for pan-European multiplex cinema development. Prior to that, Neil held senior positions with Bass plc including Head of Property and board member of Bass Leisure Entertainments as Commercial Development Director.

Robert McDonald, 51, was appointed Finance Director of Punch Taverns in April 2002, shortly before flotation, having held the position of Finance Director of the leased and tenanted division of Punch Group since 1999. He first joined the industry in 1982, and worked in various roles for Allied Domecq, latterly as Finance Director of Allied Domecq Inns from 1995 until that company was acquired by Punch in 1999. He is a Fellow of the Chartered Institute of Management Accountants.

Fritz Ternofsky, 62, was appointed Senior Independent Non-executive Director of Punch in May 2002. He was previously a member of the board of Compass from 1993 to 2000, also serving as Chief Executive for UK and Scandinavia from 1993 to 1999. He is currently a Senior Non-executive Director of Care UK plc. He is also Chairman of Close Income, Growth VCT plc, Kew Green Hotels and Wates Group, a privately owned construction company.

Ian Fraser, 50, was appointed as an Independent Non-executive Director in September 2004. He is currently Chief Executive of Kwik Fit, having previously been Trading Director of Safeway Stores plc and Chief Operating Officer of Orange UK. Ian is a member of the Institute of Chartered Accountants of Scotland.

Joined Amcor in March 2000 in current role based in Europe. Previous positions include: 1993-2000 Deputy Chairman and Managing Director, Corporate Finance, UBS Warburg; 1986-1993 Executive Director, Private Equity, UBS Warburg; 1980-1986 Elected Partner, Baker & McKenzie (Solicitors & Attorneys) Sydney; 1983-1985 Associate, Baker & McKenzie, New York and San Francisco; 1980-1982 Associate, Baker & McKenzie, Sydney. LLB (Hons), LLM

Mark Pain, 46, brings with him approaching 10 years' experience as a FTSE 100 Main Board Director covering: housebuilding, retail and wholesale banking, consumer and business finance and life assurance, both in the UK and selected European markets. Mark is currently Chief Financial Officer of Barratt Developments plc. He was previously at Abbey National Group PLC, where he held a number of senior management roles from 1989 to 2005 including Group Finance Director from 1998 to 2001 and Customer Sales Director from 2002 to 2005. Prior to this, Mark was at TSB Group PLC from 1987 to 1989 and Touche Ross and Co. (now Deloitte & Touche). Mark is a Fellow of the Institute of Chartered Accountants (FCA).

Randl Shure, 42, was appointed Independent Non-executive Director of Punch in October 1999. Prior to founding CapVest he was head of BT Capital Partners which he joined in 1997 after working for 12 years with Bankers Trust. He was a director of the original Punch Taverns Limited, formed for the acquisition of the Bass portfolio. He previously served as a director of Virgin Rail and is currently a director of Young's Bluecrest Limited, Findus AB, Vaasan & Vaasan OY, IP Powerhouse and Ubiquity Software plc.