Fidelity Special Values PLC (UK)

Andy Irvine^2,3 is a Non-Executive Director of BlackRock North American Income Trust plc. He is a past Chairman of Montanaro European Smaller Companies PLC and of Jones Lang La Salle Scotland and has over 35 years’ experience in commercial property development and investment. He is also a past Non-Executive Director of Securities Trust of Scotland PLC, a past Chairman of Celtic Rugby Limited, a past Chairman of the British and Irish Lions Limited and a past President of the Scottish Rugby Union.

² Chairman of the Management Engagement Committee
³ Chairman of the Nomination Committee

Dean Buckley ^2,3 iis a Non-Executive Director of Alliance Trust PLC and Baillie Gifford & Co Limited. He is Chairman of Evelyn Partners Fund Solutions Limited (previously Smith & Williamson Fund Administration Limited). He is also Senior Independent Director, Chairman of the Audit Committee and the Remuneration Committee of JPMorgan Asia Growth & Income plc. He was previously a Non-Executive Director of Saunderson House Ltd and Chief Executive Officer at Scottish Widows Investment Partnership. Prior to this, he held several positions at HSBC Bank plc, including Chief Executive Officer for HSBC Asset Management UK and Middle East and Chief Investment Officer for HSBC Asset Management, European equities, and held a number of senior Fund Manager positions at Prudential Portfolio Managers. He is a Fellow of the Institute of Actuaries.

Appointed on 3 November 2015
Appointed as Chairman 14 December 2022

² Chair of the Management Engagement Committee
³ Chair of the Nomination Committee

Nigel Foster ^1,2,3 has over 42 years’ experience in the investment management industry. Prior to joining the Board, he was a Managing Director at BlackRock where he headed all market facing activities, including trading and capital markets for the EMEA region. He was also Global Head of Derivatives at BlackRock and predecessor firms for 27 years. He has led a number of prominent financial rescues and is the author of “The Derivatives Game”, a book that traces the story of derivatives from ancient times to the present day.

Appointed on 1 September 2015
Appointed as Senior Independent Director on 14 December 2022

¹ Member of the Audit Committee
² Member of the Management Engagement Committee
³ Member of the Nomination Committee

Nicky McCabe ³ is a Non-Executive Director of Artemis Fund Managers, Aberdeen Income Fund Limited, Bristol University, Vitality Life Limited and Discovery Holdings Europe Limited. She was previously Head of Fidelity’s Investment Trusts, a Director of FIL Investment Services (UK) Limited, FIL Retirement Services Limited and Financial Administration Services Limited, Chief Operating Officer of Eight Roads and of Fidelity’s investment management teams, having joined Fidelity in 1999 as Head of Investment Administration. Prior to this, she worked for HSBC Asset Management and McKinsey & Co.

Appointed on 9 December 2004

All of the Directors are Non-Executive Directors and (with the exception of Ms McCabe) are independent.

³ Member of the Nomination Committee

Claire Boyle^1,2,3 is Chair of the Life Science REIT plc and a Non-Executive Director of The Monks Investment Trust PLC and Nippon Active Value Fund plc. She was until recently, a Non-Executive Director and Chair of the Audit Committee of abrdn Japan Investment Trust plc. She was a Partner at Oxburgh Partners LLP with responsibility for the European Equity Hedge Fund and, prior to that, a European Equity Fund Manager at American Express Asset Management. She started her investment career with Robert Fleming Investment Management. She is a Fellow of the Institute of Chartered Accountants, having worked in fraud investigations at Coopers & Lybrand.

Appointed as Chair of the Audit Committee on 12 December 2019

¹ Chair of the Audit Committee
² Member of the Management Engagement Committee
³ Member of the Nomination Committee

Alison McGregor^1,2,3 is a Non-Executive Director and Chair of the Audit Committee of Scottish Power Energy Networks, and Chair of The Malcolm Group. Until December 2019, she was CEO of HSBC Scotland. Prior roles include Managing Director at Corporate Banking North HSBC, Head of Corporate Banking Clydesdale and Yorkshire Bank and 24 years’ experience in various banking roles at Barclays Bank PLC. Prior board roles include Non-Executive Director of Beatson Cancer Charity, Chair of the Scottish Apprenticeship Advisory Board, Non-Executive Director of CBI and Non-Executive Director of Scottish Enterprise. In 2018, she received the Women in Banking and Finance UK award for Achievement and was recognised by Action for Children as Woman of Influence in Business. In 2017, she was awarded the Scotland Corporate Leader of the Year Award at The Scottish Women’s Awards.

Appointed on 01 January 2020

¹ Member of the Audit Committee
² Member of the Management Engagement Committee
³ Member of the Nomination Committee

Ominder Dhillon^1,2,3 iis a Non-executive Director of The City of London Investment Trust plc and a Senior Advisor to IC Research. He has 30 years’ experience of asset management covering institutional, wholesale and retail channels. Until June 2023, he was a Trustee to the UK charity, Facing History & Ourselves. Until January 2020, he was Global Head of Institutional Distribution at M&G Investments and prior to that, Managing Director of Global Business Development at sustainable and impact investment specialist Impax Asset Management. Prior to Impax, he was Head of UK & Ireland Institutional Distribution at Fidelity International, Director Institutional Business Development at Scottish Widows Investment Partnership and a Director and Portfolio Manager at John Morrell & Associates Limited.

Appointed on 23 June 2022

¹ Member of the Audit Committee
² Member of the Management Engagement Committee
³ Member of the Nomination Committee