The Board

<p>Appointed as Interim Chairman in December 2011 and subsequently appointed as permanent Chairman with effect from July 2012, Mr Prashant Ruia also serves as a member of the Nomination and Governance Committee. Mr Ruia is a non-resident Indian and the Chief Executive of Essar Group.&nbsp;Mr Ruia has been involved with the Essar Group's operations and management since 1985 and he is fundamental to its strategy, continued growth and diversification both within India and internationally. Mr Ruia is known for his project management skills, financial expertise and people management capabilities. Mr Ruia holds several key positions on various regulatory and professional boards, and was a member of the Prime Minister of India's advisory council on trade and industry in 2007. He is currently a member of the audit committee of the World Steel Association and a member of the Energy Boardroom at the World Economic Forum.</p> <p>&nbsp;</p>

<p>Appointed to the Board in April 2010.&nbsp; &nbsp;Chairman of the Nomination and Governance Committee and a member of the Audit Committee. &nbsp;&nbsp;Mr Murray is currently the Chairman of GEMS, and was appointed the independent Non- Executive Chairman of Glencore International &nbsp;plc in April 2011. He is also a Board Director of Cheung Kong Holdings Ltd, Orient Overseas (International) Ltd, Wing Tai Properties Ltd., Richemont SA, and IRC Limited.&nbsp; He has, in the past, served on boards and held advisory positions with a number of companies such as Vodafone, Tommy Hilfiger Corporation, Vivendi Universal, Usinor SA, Hermes, General Electric (USA), China National Offshore Oil Corporation (CNOOC), Macquarie Bank, N.M. Rothschild, and Bain (the consultancy company).&nbsp; He continues to serve on the advisory board of Lightbridge Corporation (USA), SouthWest Energy (BVI) Ltd, and is a Senior Advisor on the International Advisory Council of Huawei Technologies Co. Ltd, PRC.&nbsp;&nbsp; Until recently Mr Murray served on the Development Advisory Board of Imperial College, London.</p>

<p>Appointed to current role in 2010 and a member of the Health, Safety and Environment Committee and of the Monthly Review Committee. Mr Nayyar joined Essar Oil in October 2007 and served as its Managing Director and CEO until 1 December 2011.&nbsp; He now serves as the Deputy Chairman of Essar Oil Limited.&nbsp;&nbsp;</p> <p>Prior to joining Essar Oil Limited, Mr Nayyar was the CEO of ONGC Mittal energy Limited (a joint venture between Oil &amp; Natural Gas Corporation Limited and Mittal Investments) from November 2005 to September 2007.&nbsp; Previous directorships include Indian Oil Corporation, Oil &amp; Natural Gas Corporation, Petronet LNG Ltd, IBP, &nbsp;&nbsp;and Lanka IOC Limited where he served as Chairman.&nbsp;&nbsp; He was also Chairman of the Indian Oil Marubeni Panipat Power Project between March 2003 and November 2005.</p>

<p>Chairman of Essar Energy until December 2011, he remains a Non-Executive Director.&nbsp;&nbsp; Mr Ravi Ruia is a non-resident Indian and is the Vice Chairman of Essar Group.&nbsp;&nbsp; Mr Ruia belongs to the generation of industrialists who have played a significant role in leading India's industrial renaissance. An engineer by training, with proven entrepreneurial skills, he has helped to develop the Essar Group with his elder brother, Mr Shashi&nbsp; Ruia, to become one of the leading names in the global industry.&nbsp; Mr Ruia has overseen Essar Group's globalisation plans including new ventures in Africa, South East Asia and the Middle East and has led the acquisitions of Algoma Steel (now called Essar Steel Algoma) in Canada, Minnesota Steel (now called Essar Steel Minnesota) and Trinity Coal in the USA.&nbsp; He was the recipient of the Business India Businessman of the year in 2010.&nbsp;</p>

<p>Appointed to the Board in April 2010, Chairman of the Audit Committee and a member of the Health, Safety and Environment Committee.&nbsp; Mr Hajee Abdoula has over 30 years of experience in audit, consultancy and taxation with significant experience in providing advice to global businesses on structures and tax issues.&nbsp; Mr Hajee Abdoula qualified as a Chartered Accountant in 1985 and had a successful career with BDO in London before moving to Mauritius.&nbsp; As a founder partner of Grant Thornton and CEO of Grant Thornton in Mauritius, he has been the Senior Taxation and Advisory Services partner since its launch in 1999, advising a wide variety of clients.&nbsp; He is also the lead partner for litigation support.&nbsp; Mr Hajee Abdoula is currently an Independent member of the board of two non-bank financial institutions in Mauritius. Mr. Hajee Abdoula has a wide advisory experience in Africa and has also advised the Government of Ghana on fiscal issues.&nbsp;</p>

<p>Appointed to the Board in April 2010. Chairman of the Health, Safety and Environment Committee and a member of the Remuneration Committee and the Nomination and Governance Committee.&nbsp;&nbsp; Mr Aiken is currently&nbsp; Senior Independent Director of Kazakhmys plc, a Non-Executive Director of National Grid plc and Miclyn Express Offshore and was recently appointed Chairman of the AVEVA Group. He recently stepped down as Chairman of Robert Walters plc. He has over 35 years of experience in industry and commerce having held senior positions with BTR and the BOC Group in the UK and Australia.&nbsp; Previous appointments include Group President Energy, BHP Billiton and President BHP Petroleum, Chairman of the 2004 Sydney World Energy Congress and a board member of Governor of Guangdong&nbsp; International Consultative Council, World Energy Council, and Monash Mt Eliza Business School.</p>

<p>Appointed to the Board in April 2010. Chairman of the Remuneration Committee and a member of the Nomination and Governance Committee.&nbsp; Mr Lallah is a Senior Counsel in Mauritius and has had a legal career that spans 40 years.&nbsp; He has represented domestic and international companies in arbitration and sits as an independent Director on the boards of Mauritius Eagle Insurance Company Ltd, Mauritian Eagle Leasing Co Ltd, Deutsche Bank Offshore Mauritius Ltd, and a number of international funds.&nbsp;&nbsp; Mr Lallah is a former member of the Board of Governors of the Mauritius Broadcasting Corporation, was Chairman of the National Transport Corporation, was a member of parliament of the Republic of Mauritius between 1982 and 1995 and was also a deputy chief whip and deputy speaker of the national assembly.&nbsp; Mr Lallah read law and political science and was called to the UK Bar in 1970 and the Mauritius Bar in 1971.</p>

<p>Appointed to the Board on 29 March 2012 and a member of the Audit and Remuneration Committees.Mr Lucas is currently a Non-Executive Director of the drilling company Transocean Ltd, Essar Infrastructure Limited and Tullow Oil plc where he is the Chairman of the Audit Committee and a member of the Remuneration Committee. Before that, he was Finance Director at National Grid plc from 2002 to 2010 and has significant expertise in energy and power, infrastructure finance and treasury. Previously he worked for 11 years at Royal Dutch Shell and for six years at BG Group, latterly as Group Treasurer.&nbsp; Mr Lucas retired last year as a Non-Executive Director of Compass Group plc where he was chairman of the Audit Committee.</p>