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Gem Diamonds Ltd (GEMD.L)

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Summary

Name Age Since Current Position

Harry Kenyon-Slaney

2017 Independent Non-Executive Chairman of the Board

Clifford Elphick

56 2007 Chief Executive Officer, Executive Director

Michael Michael

46 2013 Chief Financial Officer, Executive Director

Johnny Velloza

2016 Chief Operating Officer

Glenn Turner

56 2015 Chief Legal and Commercial Officer, Company Secretary, Executive Director

Michael Lynch-Bell

64 2015 Non-Executive Director

Gavin Beevers

67 2007 Non-Executive Independent Director

Mike Salamon

62 2008 Senior Non-Executive Independent Director

Biographies

Name Description

Harry Kenyon-Slaney

Mr. Harry Kenyon-Slaney has been appointed as Independent Non-Executive Chairman of the Board of the Company effective 6 June 2017. Mr Kenyon-Slaney is currently a senior advisor to McKinsey & Co and has over 33 years of experience in the mining industry, principally with Rio Tinto. He is a geologist by training and his experience spans operations, marketing, projects, finance and business development and he has worked in South Africa, Australia and the UK. Mr Kenyon-Slaney is also a Partner at Audley Capital Advisors LLP a member of the board of directors of Bridon Bekaert Ropes Group, and a non-executive director of several private companies. Mr Kenyon-Slaney has a degree in geology from Southampton University and has completed the International Executive Programme at INSEAD, France Until 2015, Mr Kenyon-Slaney was a member of the Group Executive committee of Rio Tinto where he held the roles of CEO of Energy, and before that CEO of Diamonds and Minerals. Prior to this, he variously led Rio Tinto's global titanium dioxide business, was CEO of Rio Tinto's listed subsidiary, Energy Resources of Australia Ltd, was GM Operations at Palabora Mining Company in South Africa and held senior marketing roles in copper, uranium and industrial minerals. began his career as an underground geologist with Anglo American on the gold mines in South Africa.

Clifford Elphick

Mr. Clifford Thomas Elphick serves as Chief Executive Officer, Executive Director of Gem Diamonds Ltd. Clifford joined Anglo American Corporation in 1986 and was seconded to E. Oppenheimer and Son as Harry Oppenheimer’s personal assistant in 1988. In 1990, he was appointed Managing Director of E. Oppenheimer and Son, a position he held until leaving in December 2004. During that time, Clifford was also a Director of Central Holdings, Anglo American and DB Investments. Following the privatisation of De Beers in 2000, Clifford served on the De Beers Executive Committee. Clifford is also the non- Executive Chairman of Zanaga Iron Ore Co. Limited and Jumelles Holdings Limited.

Michael Michael

Mr. Michael Michael serves as Chief Financial Officer, Executive Director of Gem Diamonds Limited. Michael has over 20 years’ experience in financial management. He joined RSM Betty & Dickson, an audit firm in Johannesburg South Africa in January 1993 and became Audit Partner at the firm in March 2000. From August 2006 to February 2008 Michael was seconded to Gem Diamonds Limited to assist with the financial aspects of the Main London Listing including the financial reporting, management accounting and tax relating to the IPO. In March 2008 Michael joined Gem Diamonds on a full-time basis and on 2 April 2013 he was promoted to the position of Chief Financial Officer.

Johnny Velloza

Mr. Johnny Velloza is Chief Operating Officer of Gem Diamonds Ltd., since 2016. He has a wealth of experience in the mining industry having joined De Beers in 2001 where he covered a number of managerial positions, including Assistant General Manager of Kimberley Mines and General Manager of Venetia Mine. He then served as Operations Manager at AngloGold Ashanti in 2009 and 2010. Mr Velloza was with BHP Billiton between 2010 and 2015, where he was Senior Exploration Manager in Lusaka, Zambia and Santiago, Chile before moving with BHP Billiton to Perth Australia in 2013, where he was General Mine Manager. Mr Velloza holds a Bachelor’s degree in Mining and Mineral Engineering from The University of Johannesburg and a Bachelor’s degree in Business from The University of South Africa.

Glenn Turner

Mr. Glenn E. Turner serves as Chief Legal and Commercial Officer, Company Secretary, Executive Director of Gem Diamonds Ltd. Glenn was called to the Johannesburg Bar in 1987 where he spent 14 years practicing as an advocate specialising in general commercial and competition law, and took silk in 2002. Glenn was appointed De Beers’ first General Counsel in 2002 and was also a member of the Executive Committee. Glenn was responsible for a number of key initiatives during his tenure, including overseeing De Beers’ re-entry into the USA.

Michael Lynch-Bell

Mr. Michael Lynch-Bell is Non-Executive Director of the Company. Michael spent a 38-year career with Ernst & Young (EY) having led its Global Oil and Gas, UK IPO and Global Oil and Gas and Mining transaction advisory practices. He was a member of the assurance practice from 1974 to 1996 when he transferred to the Transaction Advisory Practice. He was also UK Alumni sponsor and a member of the firm’s EMEIA and Global Advisory Councils. He retired from EY as a partner in 2012 and continued as a consultant to the firm until November 2013. Michael is currently a non-Executive Director at Kaz Minerals Plc and Lenta Limited. Michael is also currently honorary treasurer and board trustee of ActionAid International, a Human Rights campaigning NGO.

Gavin Beevers

Mr. Gavin A. Beevers serves as Non-Executive Independent Director of Gem Diamonds Ltd. Gavin spent most of his career at various De Beers operations in the positions of Assistant General Manager at De Beers Marine in Cape Town, General Manager at the Orapa and Lethlakane Mines, Deputy Managing Director of Debswana Diamond Company and Director of Operations of the De Beers group from April 2000 until his retirement in 2004. His unique tenure in mining brings a specialist oversight to the Group, with a particular focus on operational mining and, health, safety and sustainability responsibility.

Mike Salamon

Mr. Mike Salamon serves as Senior Non-Executive Independent Director of Gem Diamonds Ltd. Mike has over 30 years experience in the mining sector. He was a founding Director of Billiton and was instrumental in Billiton’s initial public offering (IPO) on the London Stock Exchange in 1997 and the subsequent merger with BHP in 2001. Mike retired from his position of Executive Director at BHP Billiton in 2006. Thereafter Mike was appointed Executive Chairman of New World Resources and led its IPO on the London Stock Exchange in 2008. He retired from this position in 2012.

Basic Compensation

Name Fiscal Year Total

Harry Kenyon-Slaney

--

Clifford Elphick

622,956

Michael Michael

400,478

Johnny Velloza

--

Glenn Turner

414,207

Michael Lynch-Bell

55,000

Gavin Beevers

55,000

Mike Salamon

55,000
As Of  30 Dec 2016