Annual report and financial statements - NVM Private Equity Ltd.

DirectorsProfessor Sir FrederickHolliday CBE FRSE (Chairman),aged 68, is chairman ofNorthumbrian Water GroupPLC and Brewin DolphinHoldings PLC and a nonexecutivedirector of Northern2 VCT PLC. He is a marinescientist and was vicechancellorof the University ofDurham from 1980 to 1990.Michael Denny MSI,aged 60, is the chairman ofNorthern Venture ManagersLimited and was previouslyNorth-East region director ofthe National Enterprise Board.He is a non-executive directorof Northern InvestorsCompany PLC, Northern 2 VCTPLC, Deep-Sea Leisure PLC andPostern Fund ManagementLimited and is a past chairmanof the British Venture CapitalAssociation.John Hustler FCA MSI, aged57, was for ten years acorporate finance partner atKPMG, where he was head ofventure capital; he formedHustler Venture PartnersLimited, a specialist adviser tosmall firms, in 1993. He ischairman of Northern 3 VCTPLC and a non-executivedirector of ATA Group plc andof a number of othercompanies.Tim Levett MBA, aged 54, isthe investment director ofNorthern Venture ManagersLimited. He is a non-executivedirector of Northern 3 VCT PLCand of several unquotedcompanies.Ross Peters MA, aged 60, wasa director of MurrayJohnstone Limited for fifteenyears and chief executive andfounder of their venturecapital activities. He formedStevenson Stewart, an advisorto technology basedcompanies, in 1992. He is anon-executive director of anumber of other public andprivate companies.Primrose Scott CA, aged 63,was formerly head of qualityreview at the Institute ofChartered Accountants ofScotland (ICAS) and seniorpartner of The McCabePartnership, and is a pastpresident of ICAS. She is vicechairman of the DunfermlineBuilding Society.PAGE 4 Northern Venture Trust PLC Annual Report and Accounts 2003