Alisher Ali Djumanov, Managing Partner and member of the Investment Committee

Mr.Djumanov has over 13 years of investment management, investment banking and advisory experience in emerging markets of Central and Eastern Europe and the CIS countries including in Russia, Kazakhstan, Ukraine, Uzbekistan and Azerbaijan. He has worked in major international financial centers such as New York, London and Zurich. Mr. Djumanov is Chairman of Eurasia Capital Group, a Singapore-based holding group with extensive investments and partnerships across major countries of Eurasia including Russia, Ukraine, Kazakhstan and Uzbekistan. He manages a family of regional and country funds including: Central Asia Opportunity Fund, Eurasian Financial Institutions Fund, Central Asia Real Estate Fund and Mongolia Discovery Fund. He was co-founder of Ansher Group, an investment group with investments in Central Asia as well as CEO of Ansher Capital, the first Western-styled investment bank in Uzbekistan. He was Vice President of Auerbach Grayson & Co., a brokerage house in New York advising US institutional investors on portfolio investments in emerging markets in Europe, Middle East and Africa (EMEA). He was Head of Corporate Finance in Central Asia and the Caucasus at Ernst & Young as well as investment banker at Renaissance Capital in Moscow and Credit Suisse First Boston in Zurich and London. Mr.Djumanov received his Master of International Affairs from Columbia University and an MBA from Oxford University. Mr. Djumanov speaks fluent Uzbek, Russian, English and Arabic.

Frederick Darby, Managing Director for Investments and member of the Investment Committee

Mr. Darby is a corporate finance advisor and lawyer with more than fifteen years experience including ten years experience in the former Soviet Union. Mr. Darby is an Australian citizen and resides in Tashkent with his family. Mr. Darby founded private exploration and mining-related ventures in the former Soviet Union. He was previously employed in a private Australian investment bank and the corporate finance department of a well-regarded stock-broking firm. Mr. Darby previously led professional teams based in Moscow and Tashkent as Director and Head of Corporate Finance for Central Asia and Caucasus in a large international consulting firm. As a solicitor Mr. Darby practiced in a leading Sydney law firm in the fields of international taxation and mergers and acquisitions. His corporate finance advisory work included executing numerous placements and underwritings in the Australian small-cap mining sector, sale of a large coal mine, privatization and financing in the Armenian mining, metallurgical and aviation industries, advisory work in the Jordanian phosphate industry, acquisition of an Australian oil company, numerous due-diligence, prospectus preparation and structuring assignments. For three years Mr. Darby was the General Director in Uzbekistan for a prominent investment group. Mr. Darby holds a Bachelor of Commerce (Finance)/Bachelor of Laws from the University of New South Wales and is completing a Master of Science degree from Western Australian School of Mines. Mr. Darby is a native English speaker and competent in Russian.